A survivor’s guide to regulatory change
Welcome to the eighth edition of A-Team Group’s Regulatory Data Handbook, a ‘must have’ for capital markets participants during a period of unprecedented change. With the UK’s exit from the EU just months away, we are beginning to see the first signs of divergence between UK and EU rules, and more will surely follow. The coronavirus pandemic, which caused extreme market volatility earlier this year, has also led to revisions including delays in regulatory reporting and, once again, postponement of the implementation of Fundamental Review of the Trading Book (FRTB).
Meanwhile, regulatory change continues with amendments and clarifications to existing regulations, and sizeable updates of anti-money laundering rules, the Basel regulatory framework, and the shareholder rights directive. The arrival of new regulatory giants including Central Securities Depositories Regulation (CSDR), Investment Firms Directive and Regulation (IFD/IFR), and Securities Financing Transactions Regulation (SFTR) adds to demands on data, as do emerging environmental, social and governance (ESG) regulations.
In this rather special edition of the Regulatory Data Handbook, we cover regulatory change, detail new regulations, note the effects of COVID-19, and bring you news of regulations that will be changed by the UK Government’s initial plans to create a UK regulatory regime post-Brexit. To help you address regulatory compliance, we have also included the data and data management requirements of each regulation, proposed timelines, and links to original regulatory texts and other publications that we hope will be helpful.