Blog

Basel III Implementation deferred until 2023 in response to Covid-19
30/03/2020

On Friday it was announced that the Implementation date of the remaining Basel III standards, which were due to come into force in January 2022, will be delayed by a further year, giving a new implementation date of 1 st January 2023. The Basel Committee's Oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS) endorsed a number of measures to provide banks and supervisor's additional operational capacity to respond to the…

Why adopting digital journeys will become standard practice during and after the pandemic
27/03/2020

We are living in unprecedented times, unlike anything we have seen before. The health of our community is the primary focus and it’s amazing to see how people can all pull together. For example, in the UK Formula 1 manufacturers are getting their scientists and engineers to see if they can build desperately needed ventilators, fashion companies are producing medical gowns and masks and breweries are producing alcohol hand sanitisers. The financial markets are reflecting…

Join the STP Army
19/03/2020

“In 2020 a crack fintech commando unit were sent to prison by a military court for a crime they did not commit. These people promptly escaped from maximum security stockade to the Los Angeles underground. Today, still wanted by the government, they survive as soldiers of fortune within collateral management. If you are struggling with margin call volumes, significant adverse operational capacity issues, if nobody else can help, and if…

Regulatory Wars Phase V – The Fintech Strikes Back….The Final Chapter
15/03/2020

Previously on Regulatory Wars Phase V – The Fintech Strikes Back…. A long time ago in a galaxy far, far away…It is a period of civil war. Rebel fintech spaceships, striking from a hidden base, have won their first victory against the evil Galactic Regulatory Empire……… Rebel Fintech companies have now stolen plans to the Galactic Regulatory Empire's Death Star, a moon-sized space station capable of destroying market liquidity and collateral mobility. Princess Leia, secretly one of the Rebellion's leaders, has…

Regulatory Wars Phase V – The Fintech Strikes Back….Part Two
12/02/2020

Previously on Regulatory Wars Phase V – The Fintech Strikes Back…. A long time ago in a galaxy far, far away…It is a period of civil war. Rebel fintech spaceships, striking from a hidden base, have won their first victory against the evil Galactic Regulatory Empire………As Obi Wan Kenobi once said “Don’t be too proud of this regulatory terror you’ve constructed. The ability to destroy collateral mobility is insignificant next…

Regulatory Wars Phase V – The Fintech Strikes Back…..Part One!!!!
28/01/2020

A long time ago in a galaxy far, far away…It is a period of civil war. Rebel fintech spaceships, striking from a hidden base, have won their first victory against the evil Galactic Regulatory Empire……… The above sounds like fiction doesn’t it? However, for many institutions the Uncleared Margin Rules, or UMR for short, represent the regulatory equivalent of the Death Star depicted in the Star Wars films of yester years.…

Vendor Added Value
14/01/2020

Vendor Added Value BenefitsVendor Added Value – “VAV”, let’s call it, is all the comforting layers of extra value client firms get from experienced vendors. Indeed, here I am talking about “VERMEG VAV”. Global regulators, clamping down with attention-grabbing Senior Management letters and significant mis-reporting fines have an ever-slimming tolerance for dodgy data, broken processes and reporting interpretation errors, and an ever-burgeoning interest in operational resilience. So, do you realise…

2019 – The Regulatory Year in Review
07/01/2020

As 2019 passes it seems fitting to look back on the past 12 months and, in particular, at the industry activities that have been of interest to our Regulatory Reporting community.It goes without saying that one topic has been dominant in all aspects of life in recent years and the last 12 months seem to have involved a Brexit version of the Okey-Cokey – in out, in out, not to…

Custodians Facing Uncertainty
27/11/2019

Today, custodians like any other financial institution are facing rapid changes in regulation and technology. Revenues are shrinking and the competition between custodians is getting harder where transparency on fees is mandated by regulation. Even though these changes already existed for the last few years, no clear answer or trend was invoked. Therefore, the pressure still lays with the custodians to find their way into the future while the fear of making the wrong…

Is Regulator Innovation Coming to the Boil?
22/11/2019

Regulator Innovation As a leader in the provision of Regulatory Reporting solutions, VERMEG is at the forefront of innovation in this area.  VERMEG has an active innovation agenda which is both invested in and influences the evolution of how reporting is done.  But, what about how regulation is done, what Regulator Innovation is being enabled by technology changes?  This is the Supervisory Technology "SupTech" phenomenon, and SupTech is going to increase…