Future of Financial Contract Documentation - a guide for adoption

The future of financial contract documentation

The legal industry is ripe for an injection of modern technology and that has not gone unnoticed by myriad start-ups all vying to bring the revolution. Creating better ways of doing things is often the easy part; the culture shift required for adoption is much harder, particularly when dealing with a profession steeped in tradition. Read more about The future of financial contract documentation[…]

Know the rules

BRRD requirements on minimum record keeping came into force while you were looking the other way!

Still sprinting for finishing line of Uncleared Margin Reform? Hope you are keeping good records!

With the banking regulation spotlights focused heavily on uncleared margin reform (UMR) for the last 6 months, you might not have noticed the latest Bank Recovery and Resolution Directive update on record keeping for financial contracts coming into law in October 2016, requiring banks to maintain specific, minimum records on their financial contracts.

sand

Margin reform for uncleared derivatives: ensure you build on solid foundations

Margin reform regulation requires non-cleared derivatives users to repaper their ISDA documentation.

Vendor offerings exist to address client outreach through renegotiation, including smart, rule driven solutions that cover document assembly and metadata recording at point of authoring.

Few are addressing how this co-exists with legacy documentation, or allows new documents and contracts authored elsewhere to be captured.

fintech cloud

FinTech in the cloud – are Industry Utilities the new reality?

​Industry utilities are fast becoming the new reality in the post financial crisis banking arena, with Know Your Client (KYC) and Collateral Management initiatives already in progress. The main driver behind this utility model is improved operational efficiency and the associated cost savings, yet many large financial institutions have yet to break through the misconception that ‘inside the firewall’ is always safe and ‘cloud’ is always bad.