New Rule: UK Treasury Risks from Non-bank Institutions
by Nick Paraskeva on August 9, 2012
The following is one of this week’s new rules, courtesy of Nick Paraskeva at Reg Room. Click here for daily updates on new rules from Reg Room.
UK Treasury Risks from Non-bank Institutions
The UK Treasury proposed measures for the failure of systemic non-bank institutions such as investment firms and insurers, and for financial market infrastructures.
•Applies to investment firms, financial market infrastructure, central counterparties, and insurers.
•Does not assume resolution regime is always required, seeks best ways to deal with failures.
•Includes strengthening existing administrative arrangement instead of new resolution regime.
Based in New York City, Reg-Room, LLC, provides regulatory information services, monitoring and consultancy to the financial services industry in the US and internationally.Nick Paraskeva is the principal and founder of Reg-Room. Nick has twenty five years experience in Compliance and Regulation, including eleven years at Citigroup, where he was senior Vice president of Global Regulatory Risk in New York. Nick can be reached at Nick.Paraskeva@reg-room.com.
Want a daily digest of articles like this one, plus the latest compliance jobs at top-tier organizations? Join 40,000 other compliance, risk governance, and regulatory professionals and subscribe to our free afternoon newsletter. Where do you find news, style, and career all in one place? The Executive Gateway, our new lifestyle magazine.
Leave your comment