what the changing regulatory landscape means for you thursday 16 april 2009
DESCRIPTION
Get Your Barings! Where to Now? More v. better regulation What now for Basel and MiFID? The roles of the Treasury, Bank of England and FSA The Turner Report The De Larosiere Report International regulator? Principles based regulation v. outcomes based regulationTRANSCRIPT
What the changing regulatory landscape means for you
Thursday 16 April 2009
Get Your Barings! Where to Now?• More v. better regulation• What now for Basel and MiFID?• The roles of the Treasury, Bank of England and
FSA • The Turner Report• The De Larosiere Report• International regulator?• Principles based regulation v. outcomes based
regulation
The Changing Regulatory Landscape – The Markets and Products
The Markets The Products
PrincipalTrading
OTCDerivatives
Structured Products
Securitization
Money MarketFunds
Hedge FundsPrivate Equity
ExchangesMTFs/Dark Pools
DerivativesClearing
Short Selling
Transparent
CreditCrisis
What the Changing Regulatory Landscape means for you? Capital and liquidity
─ FSA’s Liquidity proposals─ Liquidity standards
─ Liquidity buffers
─ Impact on ICAAPs
─ Stress testing
─ Changes in accounting rules─ Rainy day reserves
─ Capital buffers
─ Impact on hedge funds and private equity
What the changing regulatory landscape means for you • Corporate governance & ethics
- where the buck stops!
• Approved Persons- holding individuals to account - FSA applies the polyfiller
• Remuneration- a one way option – “privatise the profit, socialise the loss!”
• Client money- now you see it, now you don’t!
What the changing regulatory landscape means for you
Thursday 16 April 2009
What the changing regulatory landscape means for you
Thursday 16 April 2009
Get Your Barings! Where to Now?• More v. better regulation• What now for Basel and MiFID?• The roles of the Treasury, Bank of England and
FSA • The Turner Report• The De Larosiere Report• International regulator?• Principles based regulation v. outcomes based
regulation
The Changing Regulatory Landscape – The Markets and Products
The Markets The Products
PrincipalTrading
OTCDerivatives
Structured Products
Securitization
Money MarketFunds
Hedge FundsPrivate Equity
ExchangesMTFs/Dark Pools
DerivativesClearing
Short Selling
Transparent
CreditCrisis
What the Changing Regulatory Landscape means for you? Capital and liquidity
─ FSA’s Liquidity proposals─ Liquidity standards
─ Liquidity buffers
─ Impact on ICAAPs
─ Stress testing
─ Changes in accounting rules─ Rainy day reserves
─ Capital buffers
─ Impact on hedge funds and private equity
What the changing regulatory landscape means for you • Corporate governance & ethics
- where the buck stops!
• Approved Persons- holding individuals to account - FSA applies the polyfiller
• Remuneration- a one way option – “privatise the profit, socialise the loss!”
• Client money- now you see it, now you don’t!
What the changing regulatory landscape means for you
Thursday 16 April 2009