Key Regulatory Projects

We pride ourselves on staying at the forefront of regulation impacting financial markets across Banking, FinTech, and Investment/Asset Management so that we can effectively support our clients and the candidates that we work with on meeting these key business challenges:

5AMLD – 5th EU Anti-Money Laundering Directive – This is due to come into force in early 2020 and addresses some issues with 4AMLD including changes to financial crime regulations around cryptocurrencies, prepaid cards, beneficial ownership, high risk third countries, and PEPs. We are specialists in financial crime recruitment and will be able to help you with these challenges and find your next career move in this space.

 

IBOR – Interbank Offered rate - It would seem that regulators in Europe and the US have virtually decided that the use of IBOR should cease at the end of 2021. IBORs (LIBOR, EURIBOR) are currently used as base rates for around EUR 400 trillion in contracts including derivatives, bonds, loans, interbank money market transactions, and securitised products). There maybe a move to SONIA (Sterling Overnight Interbank Average) as an unsecured rate for GBP LIBOR or SOFR (Secured Overnight Financing Rate) for USD LIBOR. These changes will impact virtually all areas of all financial services organisations and we are well placed to support on these regulatory change programmes with either contract or permanent staff.

 

SFTR - Securities Financing Transactions Regulation - requires all securities financing transactions to be reported to a trade repository, this will help to mitigate the inherent risks in shadow banking and increase transparency in the use securities lending and repo’s leading to improved surveillance of significant market developments, such as the build-up of leverage in the financial system. Having supported on many regulatory projects in the past Twenty84 will be well placed to help client and candidates effectively on these types or projects.

 

Senior Manager & Certification Regime (SM&CR) – Its aims are to make individuals in regulated organisations become more accountable for their conduct and take personal responsibility for it as well as being able to map and demonstrate clearly where responsibility lies, especially with board members and senior managers. From December 2019 SM&CR will be enforced on all regulated firms. Twenty84 has 16+ years experience helping candidates and clients with regulatory focussed careers and openings.

 

Basel III / IV, CRR2, and CRD5 – The revised Capital Requirements Directive and Regulation include important changes to Basel III in a few key areas including market risk, counterparty credit risk, liquidity, and large exposures. We have gained knowledge and networks over 10+ years of working with and delivering to highly specialised risk change practitioners and risk managers, both contractors and permanent.

 

Operational Resilience - Cybercrime, climate change and technological innovation are becoming inevitable risks and there may soon be regulatory requirements to have plans in place for manging these risks, how to recover from them, and how to protect customers. These factors will be critical to maintaining reputation, future competitiveness and long-term sustainability. We are specialists in risk recruitment and will be able to help you with these challenges and find your next career move in this space.

Address

Registered Address:
International House,
24 Holborn Viaduct,
City of London,
EC1A 2BN

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