Object Trading's Steve Woodyatt, Ian Grieves and Gerry turner pick out the key trends that will impact the financial services industry this year.
The Anti-Globalisation Effect
With the implementation of Dodd Frank, and the ESMA
Directives, amongst other long awaited regulations, firms are
facing a number of new, and sometimes conflicting, guidelines
for different geographies and jurisdictions, including
increased reporting standards. The costs for reaching
operational compliance in multiple markets can put a serious
strain on a firm’s bottom line, particularly when
margins are already so thin and the costs of failure can be so
"The differing, and sometimes contradictory, regulations
coming from various markets are creating an anti-globalisation
effect," says Steve Woodyatt CEO of Object Trading. "Firms
are finding it beneficial to concentrate their efforts in, or
from, certain markets rather than incurring the costs required
to be compliant in non-core assets classes or
!As regulation continues to unfold in 2013, we expect firms to
either find a way to normalise how and where they manage
trading lifecycles, or make some tough decisions about what
markets still promise positive returns once the full costs are
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