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.