Digital Transformation Through Effective Culture Change (Part 2)

Do a Google search for “culture change” and check a handful of the 2.58 billion results. Just about anywhere you click, you will find a series of steps complete with very nice graphics that usually begin with steps such as “clarify values”, “begin with a vision” and...

Digital Transformation Through Effective Culture Change (Part 1)

As someone with a penchant for engineering, I have always looked for ways of making working processes more efficient and outcomes more consistent. Being a lawyer, I have found plenty of room for improvement in the legal and compliance fields. In the aftermath of the...

Rethinking the role of bots in regulatory compliance

Rethinking the role of bots in regulatory compliance It’s time to rethink regulatory compliance – and what a bot does. Call us “old school” or “geeks”, but when someone tells us that car factories use a lot of robots to achieve their incredible output and quality...

Third country firms and MiFID II: Trading obligation

A number of provisions in MiFID II and MiFIR (which, from now refer to jointly as “MiFID II”), apply to non-EU firms (referred to in EU regulatory parlance as third country firms) in different ways, depending on a number of circumstances. Today we will talk about how...

CFTC delays implementation of OTC collateral rules

The US Commodity Futures Trading Commission issued on Monday no-action letter 17-11, granting swap dealers time-limited relief from compliance with the obligation to post and collect variation margin from their OTC swaps counterparties. Note however that no-action...