Mete Feridun

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Chair

EMU Centre for Financial Regulation and Risk

Member since

30 Jun 2019

Location

Cyprus

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Mete's opinions

Countdown to Brexit: What should EEA firms do about their regulatory permissions?

As the countdown to 31 October 2019 can now be measured in weeks, the UK and the EU are hurtling towards a no-deal Brexit. This has implications for inbound passporting EEA firms as the UK Financial Services and Markets Act (FSMA) prohibits firms from carrying out a regulated activity in the UK, or purport to do so, unless they are either an autho...

06 September 2019 Banking Regulations

Are UK branches of EU-27 banks ready to become third-country branches?

The UK branches of the EU-27 banks currently benefit from lighter regulatory requirements compared to the third-country branches. However, post-Brexit this distinction will no longer be relevant as all branches will ultimately be subject to the same rules. So, with the increasing odds of a no-deal Brexit, the EU-27 banks operating in the UK as bra...

27 August 2019 /regulation Banking Regulations

EU Banking Package: is MREL transparency really warranted?

Bank Recovery and Resolution Directive (BRRD), one of the components of the EU Banking Package, which was published in the Official Journal of the EU on 7 June 2018 will need to be transposed into EU Member State national legislations by 28 December 2020. The key rule introduced under the BRRD is the requirement for the EU banks to meet a minimum r...

14 July 2019 /regulation Banking Regulations

EU prudential regime for investment firms - what's the state of play?

The new EU prudential regime for investment firms is expected to be published in the EU Official Journal towards October 2019 and to take effect around mid-2021. The regime introduces a tailored prudential framework for investment firms in the EU, setting new rules and requirements with respect to capital, liquidity and regulatory reporting, as we...

08 July 2019 /regulation MiFID

UK regulatory reporting regime is unduly complex - could RegTech be the solution?

The regulatory reporting regime for banks and investment firms in the UK is unduly complex. Regulated firms are required to follow guidance from numerous regulatory sources and have to grapple with concurrent regulations requiring submission of data at an increasingly more granular level. This not only increases the risk of misreporting and superv...

02 July 2019 /regulation Banking Regulations