November 28, 2016

Regulation in Focus

Our editors share some of their favorite regulation stories


See what we’re sharing with clients about the impact of changing regulation on business operations and risk management globally. In case you’ve missed any of it, our editors are sharing some of their favorite regulation picks.

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OTC Derivatives Reform: Putting asset owners and sovereign wealth funds in the driver’s seat
Sovereign wealth funds and, in many instances, asset owners are well positioned to benefit in the securities lending and repo markets as a result of recent regulatory changes in the over-the-counter (OTC) derivatives markets, according to a white paper from BNY Mellon and the Judge Business School of the University of Cambridge.

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Mastering Flows, Strengthening Markets: How sovereign institutions can enhance global liquidity
Sovereign institutions are considering expanding their commitment to securities lending to increase returns and to help alleviate what they perceive as a threat to liquidity in the financial markets, according to a survey from BNY Mellon and the Official Monetary and Financial Institutions Forum (OMFIF).

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Practical Guidance: The GIPS® Standards for Asset Owners
A new white paper from BNY Mellon reviews the key areas of focus for asset owners when seeking to become GIPS compliant, identifies requirements that are different for asset owners as compared to investment managers, provides a guide for an asset owner to become GIPS compliant, and answers commonly asked questions.

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Accelerating Growth: The Department of Labor Conflict of Interest Rule and its impact on the ETF industry
On April 10, 2016, the Department of Labor finalized its Conflict of Interest Rule, which redefined the term fiduciary for the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986. This paper from BNY Mellon explores the basics of the rule and looks at potential effects on the ETF industry.