With the outbreak of financial crises in the world, many regulations have been started to be made in terms of financial services globally in order to protect the required trust environment and minimize the risks. The rules for these regulations may be complex or jurisdictions may differ. While preparing regulations for financial systems, 4 main subjects are targeted in general. These are market structures, bank structures, tax transparency, capital and liquidity.
As an example of the regulations on these subjects;
AIFMD, Basel III, BCBS Margin rules, Canadian Derivatives Trade Reporting, Central Securities Deposit, Regulation and T + 2, CRD IV, CRS, Dodd-Frank Act, Dodd-Frank Vol. Banking Reform, FATCA, FMSB, Hong Kong Monetary Authority (HKMA) market reform, ISDA 2014 Credit Derivatives Definitions, MAD and MAR, MiFID II, PRIIPs, T + 2 – US, Canada, Mexico, and Peru, Target 2-Securities (T2S), UCITS V, UK Banking Reform, UK Money Markets Code can be counted.
As Jurcom GRC, we will always be with you in the processes of compliance to these complex regulations introduced in the financial sector.