After struggling to navigate Dodd-Frank’s derivatives requirements, global entities were hit by a second wave of regulation with the European Markets and Infrastructure Regulation ("EMIR"). Monticello walks you through the new requirements and how they differ from US law.
Read MoreImplementing Dodd-Frank and EMIR Regulations for OTC Swap Market Participants
Regulatory changes impacting the OTC derivatives markets, as introduced by the Dodd-Frank Wall Street Reform and Consumer Protection Act in the United States and the European Market Infrastructure Regulation (EMIR) in Europe, are reshaping the way dealers and end-users leverage these instruments for risk hedging and trading activities. Take a look at some of the impacts here.
Read MoreSEF Strategy Assessments & Implementation for Swap Dealers
Monticello Consulting conducted a preliminary SEF strategy and impact assessments for a major bank’s credit, rates, foreign exchange, commodities, and equities trading operations. This effort assisted our client in formulating a strategy for adapting existing trading platforms to comply with the new SEF rules for executing swap trades on these new centralized order books.
Read MoreRegulatory Reporting Testing Governance
Monticello’s implementation of a testing governance solution helped our client meet new regulatory reporting requirements on time in the face of short deadlines.
Read MoreManaging the Next Wave of Relocation Strategies-The Path to Long-Term Growth & Survival
In the last few years investment firms and banks have been facing anemic revenues and more stringent regulations cutting into trading revenues. In response to this economic climate, leveraging business transformation programmes such as Process Efficiencies and Relocation Strategies (near-shoring and off-shoring) has become a key component in the long-term growth and survival of organizations. MCG shares how we helped a client understand the costs and benefits of these strategies and how to effectively implement them.
Read MoreDodd-Frank Reporting: Live Positions Migration for Money Center Bank
As part of the Dodd-Frank Wall Street Reform legislation, our client was required to backload live position data to the DTCC's Global Trade Repository (GTR) across several asset classes. Monticello Consulting Group helped them assemble a team to coordinate and execute the backload of all live positions from various front office systems into an internal rules validation system, and further into the industry-wide trade repository. The team developed a custom process to test, execute, and validate end-to-end results of this effort for two successive compliance dates.
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