UK
Tag: Regulation
Singapore guns for IMF gold star
The first part of an external review of the stability of Singapore’s banking, insurance and securities sectors by the International Monetary Fund will wrap up this week, with a second onsite mission scheduled for later this year. The final report is expected by the end of 2013. Singapore’s report card will have a material impact […]
CFA Institute’s six steps to fix the global financial system
How do you even begin to fix a financial crisis that cost at least US$12 trillion and wiped out 20 million jobs? This is the task that the Chartered Financial Analyst (CFA) Institute has taken on, unveiling a a six-step solution drawn up by an advisory committee under the the leadership of Professor John Kay, visiting Professor of […]
Risk teams get brutal shake-up as fund managers hire
As fund managers face a “tsunami” of regulation, executives are parachuting in elite risk managers, disrupting what was once a staid and cozy specialty. Risk professionals have long been viewed as second-class citizens next to managers who make investment decisions, but their status has risen as regulatory pressure has upped demand for their expertise. “One of the biggest […]
Late Lunchtime Links: Asian children best prepared for careers in banking; bad news for compliance staff at Barclays
If you want a job in investment banking, it helps to be good at maths. Although most banks will not require that graduate level applicants have a mathematical degree, they will demand that candidates pass a numerical test to demonstrate their mathematical aptitude. As algorithmic trading and quantitative methods of managing risk have become more […]
New regulation to spur a fresh round of recruitment in insurance
While “systematically important” insurance firms may be dreading new regulations that require them to reduce risk and produce a wind-down plan in the event of a collapse, it’s likely to produce something of a mini-hiring boom over the next 18 months. Last week the International Association of Insurance Supervisors laid out new plans that will […]
Late Lunchtime Links: An uncertain future for commodities traders at JPMorgan and Goldman Sachs? Some fixed income jobs at Deutsche, SocGen and BNP may be at risk
The curse of regulation has struck today. In strike one, the Financial Times reported today that Morgan Stanley wants to sell a majority stake in its commodities business to the Qatar Investment Authority (although this deal may have hit a snag). The sale is apparently being motivated by the Volcker Rule, which prevents bank holding companies […]
The changing face of Solvency II recruitment
Solvency II has long-provided a large volume of lucrative roles for specialists in the insurance industry. News that its implementation could be delayed should, in theory, keep the gravy train running. But is this really likely? Exactly when the Solvency II deadline will be formally decided is still open. Last week, trialogue negotiations between the […]
A Q&A with the man who knows about the coming regulatory changes in Europe, and says traders won’t know what’s hit them
We spoke to Bob Fuller, director of Fixnetix, CEO of Exchange Axis and former CEO of equiduct and head of IT at Dresdner Kleinwort. As a specialist in a specialist in MifID-compliant trading systems, Bob knows more than possibly anyone else about the regulatory-driven changes that are coming soon to the City of London. We […]
Risk and compliance compensation is in decline
With regulation creeping ever tighter around financial services organisations, the role of the compliance officer should, in theory, be given greater prominence. Similarly, a greater focus on more prudent risk management should mean that risk staff are in demand. It wasn’t so long ago that one recruiter was claiming that risk management pay packets had […]
2012: What will go up and what will go down in the IT in finance sector?
Based on conversations with niche financial technology recruiters, as well as our own predictions, we look ahead to what the coming year could hold for recruitment in the IT in finance sector. 2012 could be a good year for: 1) Regulatory-driven technology recruitment The technological impact of the various regulations hitting the banking sector – […]
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