Securities Lending Times publish article by Jeremy Taylor on regulation

 

The Securities Lending Times have published an article by Jeremy Taylor (Specialist in operational processing and derivatives) in their latest issue, under the heading ‘A focus on regulation’. The piece entitled ‘Regulation, regulation, regulation: the new normal?’ discusses what banks have learnt from the regulation processes of 2014 while also looking ahead to the challenges they face in 2015.

Jeremy argues that firms are likely to be suffering from a degree of ‘regulation fatigue’ after 2014 though also that they must understand that regulation is now here to stay for the foreseeable future. Jeremy states that “2015 is the perfect time for firms to recharge their batteries, re-evaluate the regulatory landscape and begin to embrace and accept regulation as the ‘new normal’.”

Jeremy also analyses the introduction of the European Market Infrastructure Regulation (EMIR) and how “The requirements it contained for collateral reporting, delegated reporting, clearing and product standardisation have, and will, continue to be a challenge for firms.” Jeremy also covers the possible implications of BCBS239 and MiFID II while stating that firms will be “looking towards the European Securities and Markets Authority (ESMA) for greater guidance and support in 2015.”

Finally when focussing on 2015 Jeremy believes that it is clear that firms who do demonstrate the “means or the will” for the new regulations, will find that 2015 will be a year that “presents a number of opportunities.”

Regulation, regulation, regulation: the new normal?

Jeremy´s article in the Securities Lending Times discusses what banks have learnt from the regulation processes of 2014 and what challenges they face in 2015.

Regulation, regulation, regulation: the new normal?

Jeremy´s article in the Securities Lending Times discusses what banks have learnt from the regulation processes of 2014 and what challenges they face in 2015.