Away from the regulatory spotlight, a revolution has been under way: Financial technology (‘FinTech’) firms, with a fresh outlook and a customer-centric approach, are breathing new life into the financial services industry.
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Uncleared Swaps Margin Rules (UMR) – Preparing for 2020
Projections have shown that in September 2020, the number of OTC market participants subject to the stringent initial margin (IM) regulatory requirements will explode from a few dozen to thousands of entities. The significant increase in covered entities will be caused by the average aggregate notional threshold being lowered from $750 billion in 2019 to $8 billion in 2020. Compared to the March 2017 variation margin (VM) requirements industry-wide adoption, complying to IM rules after this change will be much more complex.
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Brexit’s Impact on the Global Banking Sector
The major changes stemming from Brexit could be almost three years away, but with legal certainty around such a transition period still not finalized, global banks are moving quickly with their own internal plans to prepare for day one operational readiness. Monticello takes a look at what they’ll need to prepare for and how.
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MiFID II: Wall Street's Latest Regulatory Challenge
MiFID II is one of the furthest-reaching regulatory challenges to hit the European market in the past decade. Monticello walks you through what it means and how to adapt.
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Center Stage for a Supporting Role
As the FinTech industry continues to thrive and regulators require more transparency, banks and other large financial institutions are beginning to look more like technology companies. Information technology (IT) is rapidly transforming from a support function into a group critical to a bank's market competitiveness. MCG examines how middle office transformation and automation is critical to success in this changing space.
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From the Desk of Will Morgan, President of Monticello Consulting Group
Monticello CEO Will Morgan takes a look at upcoming challenges and opportunities facing the Financial Sector, and how finding the right expertise can make a huge difference.
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