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Financial markets regulation has never been so much in focus. In the banking sector, many clients had not completed their Basel II programmes when the financial crisis hit and the BIS came forward with its Basel III proposals.

The extensive regulatory response to the financial crisis, emanating from the G20 agreements, which includes the Dodd-Frank Act and the European Market Infrastructure Regulation (EMIR), also places substantial demands on institutions to adapt to new rules and market structures. The buy side has also witnessed substantial change through the Undertaking for Collective Investment in Transferable Securities (UCITS) regulations, National Prudential Guidelines and Solvency II have been major priority for institutions in the financial sector.

Maintaining visibility of regulatory change is essential to allow the implications to be identified and business, operations and technology changes to be executed in order to ensure compliance. DFRC assists clients in understanding the implications of regulatory change for their business, specifying and prioritising change and managing subsequent implementation programmes in a structured and disciplined manner in line with the DFRC Delivery Lifecycle.

DFRC can advise clients across a range of regulatory initiatives and covers the full cycle of activities the institution needs to undertake in response to the regulatory change: from supporting impact assessment of a given regulation during the regulatory consultation period through to implementation.  

Examples of regulations on which we have significant expertise are:

  • Basel III Capital Requirements  Directive (and associated rulemakings such as CRD IV)
  • Basel III Liquidity Ratios
  • Dodd-Frank and EMIR (and other G20-related reform)
  • Solvency II
  • Basel Trading Book Review
  • National Supervisory Prudential Guidelines.