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13F-2: The Longtail Effects Of The GameStop Meme-Stock Thread

View Legal Terms GameStop: A Catalyst For SEC Rule 13F-2 Short Selling Disclosure Goes live on January 2, 2025 By 2021, we were well into the pandemic. With quarantines still impacting many parts of the world, both retail investment and social-media engagement accelerated within many demographics. One of the most consequential, associated events was the […]

Diccionarios de datos regulatorios – una necesidad para reportes transparentes

View Legal Terms Mejorando los reportes regulatorios en Colombia mediante diccionarios de datos Comience a aprovechar los beneficios de datos limpios y confiables para todos los requisitos regulatorios En el vertiginoso mundo de la tecnología y la regulación, los reportes regulatorios son una pieza fundamental para garantizar transparencia en las operaciones de las entidades financieras. […]

Fed Changes Go Live Twice In Six Months For FBOs

View Legal Terms FRB Changes Hit FBO Reporting FFIEC 002 effective with as-of 6/30/2024 reporting. FR Y-7 effective with 12/31/2024 annual reporting In just over a month, the Federal Reserve Board’s (FRB) 2024 regulatory changes for foreign banking organizations (FBOs) with one or more entities (US branch, agency, and non-bank subsidiary) go into effect for […]

GDR Plays A Pivotal Role In The Future Of Financial Regulation And Decision Making

View Legal Terms The Dance Of Transformation And Stability Common Data Platform, The GDR Journey For Japanese Banks Culminates In March 2025 The shift towards granular data reporting (GDR) in Asia-Pacific represents a significant evolution in the regional regulatory landscape as well as a reflection of global trends and the recognition of the power of […]

GDR Plays A Pivotal Role In The Future Of Financial Regulation And Decision Making

View Legal Terms Granular Data Requirements March Across Asia Pacific Australia, Japan, Hong Kong, India, The Philippines, and Singapore lead the way The shift towards granular data reporting (GDR) in Asia-Pacific represents a significant evolution in the regulatory landscape in the region, while also reflecting the global trend towards data-driven oversight and enhanced transparency. The […]

Capital, Leverage, and Liquidity Returns Requirements for DTIs

View Legal Terms Canada OSFI/BSIF Assurance Expectations For Federally Regulated Financial Institutions Senior management-attestation requirements go live October 2024 After the massive overhaul of some of its most critical requirements – Basel Capital Adequacy Reporting (BCAR), Pillar 3, Leverage Requirements Return (LRR), and new credit risk (NCR) – in 2023, the Office of the Superintendent […]

Seven Months Until Brazil’s IFRS 9 ECL Resolutions Go Live

View Legal Terms Imminent BACEN Credit Losses Resolutions: CMN 4966, BCB 352, and SCR IFRS 9 classification, measurement, and impairment requirements go live in January 2025 Banco Central do Brasil’s (BACEN/BCB) adaptation of the International Accounting Standards Board’s (IASB) International Financial Reporting Standards (IFRS 9) is set to go live in January 2025. Requirements to […]

Regulatory Data Dictionaries – A Must For Transparent Reporting

View Legal Terms Enhancing Colombian Regulatory Reports with Data Dictionaries Start reaping the benefits of clean, reliable data across requirements In the fast-paced world of technology and regulation, reporting is a cornerstone for ensuring transparency into the operations of financial institutions. However, creating and maintaining these reports can be an expensive and resource-intensive undertaking for […]

BIC: Standardizing capital requirements for operational risk

View Legal Terms BIC: The Business-Indicator Component Heard Around The Globe New EBA Framework goes live January 1, 2025The global theme of standardization takes another important step forward as the European Banking Authority (EBA) asks banks to homogenize the way they calculate capital requirements for operational risk and produce more granular quarterly reports. The BIC […]

New granular data requirements comes to Saudi Arabia

View Legal Terms Saudi Central Bank (SAMA) Regulatory Reporting Update and the Road to Vision 2030 Granularity updates went live December 31, 2023 Saudi Arabia has been heavily investing in the Kingdom’s infrastructure, local talent, and entrepreneurs to position itself as a leading fintech hub since 2018, when the Saudi Central Bank, Saudi Arabia Monetary […]

Rule 15c3-3 New Daily Computations Challenge US Broker-Dealers

Download PDF View Legal Terms US SEC Rule 15c3-3 Reserve Computation and Deposit Cadence Shifts to Daily Ramifications Are a Wakeup Call to Broker-DealersExpected to come into force in mid-2024, the proposed changes to the SEC Customer Protection Rule 15c3-3 require 50+ firms to calculate reserve requirements for customer and proprietary accounts of broker-dealers (PAB) […]

Prep Now for Imminent Changes to US Shareholding Disclosures

Download PDF View Legal Terms Significant US Shareholding Disclosure Changes Kick Off in 2024 Amended SEC Schedules 13 D/G and the New Short-Sale Rule 13f-2 May Catch Firms Underprepared An aggressive timeline and unfamiliar territory To comply with the SEC’s significant changes to shareholding disclosures rules for substantial shareholding (SH) and short selling (SS), institutional […]