IMMFA, the trade association for the money fund industry, said the levels of regulatory capital recommended by the European Commission are ‘incorrectly calibrated’. IMMFA said it welcomed the European Commission’s consultation on revised capital requirements for credit institutions and investment firms, but raised a number of issues related to the classification of IMMFA funds as an asset type. Although the association accepted the requirement for investment management firms to hold a minimum amount of regulatory capital, it disagreed with the level proposed. IMMFA added that the Commission should write rules to allow CIUs (Collective Investment Undertakings) to be held in a bank’s non-trading book and to distinguish between types of CIUs, in particular to take into account CIUs that are rated by an ECAI, and the nature of the rating.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more