The draft Basel II proposals on risk regulation have been attacked by two industry bodies in the past month. First, the Institute of International Finance (IIF) expressed concern about the potential costs to industry participants of accommodating what it called the complexity of the proposed new framework, and said there was a lack of coordination between the Basel Committee and the International Accounting Standards Board. Then, the European Private Equity & Venture Capital Association estimated that the risk provisions of the proposed regulations would reduce the flow of equity finance in Europe by between €5 billion and €10 billion. The Basel II proposals are seen as a major driver of financial services firms’ straight-through-processing initiatives, which in turn are driving demand for reference data management projects. The latest criticisms of the Basel II proposals follow earlier warnings from the European Banking Federation, the British Bankers’ Association and the U.S. Securities Industry Association.
A-Team Insight Blogs
Basel II Plan Under Attack for Impact on Costs, Funding
Recorded Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking
Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity...
UK financial services institutions and firms now have less than six months to identify their ‘important business services’, set impact tolerances and carry out mapping and testing ahead of the new UK Regulatory Operational Resilience Requirements coming into force on March 31, 2022. The new requirements are being ushered in by the Bank of England,...
DMS London brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.
A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...