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—
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails