Running With The Rules

Strapline: Regulation & Standards


The favored weapon of the financial services industry has long been the mighty acronym. Now, it seems that has infiltrated the regulators as well. From the Foreign Accounts Tax Compliance Act (Fatca), through to the Markets in Financial Instruments Directive (Mifid), the legal entity identifier (LEI) and any other numbers of initiatives that touch on regulation, the ciphers are everywhere. And many of them are coming up in 2012.

“The process we’re going through is one of regulatory consultation—

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