European Union (EU)

Confusion reigns

Exactly what the role of home and host regulators will be for the regulation of branches under the Markets in Financial Instruments Directive (Mifid) remains an elusive issue. The industry is clear that firms should have to follow only one set…

Achieving business benefit from Mifid

E-symposium panellists explore how compliance with the Markets in Financial Instruments Directive can be turned into a plus for the business lines affected by the EU legislation. Moderated by Ellen Davis

Decoding the data

With less than six months to go before Mifid takes effect, banks need to address the data-storage and management requirements they will face. Duncan Wood reports

State of the art

Guido Ravoet, secretary general of the European Banking Federation, talks to Victoria Pennington about changes in regulatory framework, the substantial amount of work facing compliance and risk executives, and why he thinks the EU financial regulatory…

Devil in the detail

The systems and controls elements of the Markets in Financial Instruments Directive is the core of the EU legislation. Compliance officers and operational risk managers alike need to check the detail to ensure they don't get caught out in November…

A call to compliance

Mifid, Basel II, SOX - the pace of regulatory change has increased substantially over the past few years, which has led to the large-scale expansion of compliance departments for financial services firms. But the recruitment market is finding it hard to…

Bumf and bumf-ability

Each time a directive is altered in the run-up to implementation, the resulting rewording and reprinting of documentation can prove almost as challenging as getting the changes accepted by the industry. When that directive is as large as Mifid, a whole…

Preparation is everything

Compliance with the November deadline for Mifid is what firms are focusing on. Business opportunities come second, reports Ellen Davis

A keen eye for convergence

Ellen Davis talks to Danièle Nouy, chair of the Committee of European Banking Supervisors about the CRD, Pillar III and divergence, along with other issues currently occupying the CEBS

A Shakespeare moment

There I was, sitting in a stuffy conference room in Brussels, watching what I like to call a ‘Shakespeare moment’ – when people interact in a way that captures a part of the essence of human behaviour.

Looking for clarity

The European Union's Markets in Financial Instruments Directive is set for implementation in April 2007. But there's plenty of confusion as to what the new regulations will entail – particularly with regards to 'best execution'. By Hann Ho

MiFID's spectre looms large

Time is running out for European financial institutions to establish a framework for complying with European Union MiFID directives by its implementation date of April 2007. DSTi's Ian Hunt looks at why and what MiFID is, the anticipated impact on market…

Building a risk culture

German bank WestLB appointed its first chief risk officer, Matthijs van den Adel, last year after posting heavy losses in 2002 and 2003. His first job was to restructure the bank’s entire risk management framework. By Duncan Wood

EU transparency: Lost in translation

Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project.

Rethinking European power

European energy firms are seeking to reposition their products and strategies in advance of European Union market deregulation. FAME Energy reports

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