Insights
Research, white papers and articles
CSA Rewrite
November 2024
Regulatory Overview, Top 3 Impacts and Considerations, Timelines, Comparison Between CSA and CFTC Rewrites, Key Changes Introduced with CSA Rewrite, Rule Sections and Descriptions of the Rule Amendments
Capital Requirements Directive VI (“CRD VI”)
October 2024
Regulatory Overview, Background and Timelines, Third Country Branch and Subsidiarization Requirements, Minimum Requirements for Third-Country Branches
OSFI’s Guideline E-21
October 2024
Summary of the Guideline Updates, Guideline E-21’s Intended Outcomes and Expectations, Differences Between OSFI’s Guideline E-21 and EU’s DORA, Regulatory timelines, Guideline Sections Expectations and Requirements
Large Trader Reporting for Futures and Options
October 2024
Summary of Key Changes to CFTC’s Part 17, Regulatory Overview, Timelines, Summary of Changes Made to the Data Elements to be Reported, Changes to the Position Reports Data Elements, Example to Compare the 80-Byte and FIXML Formats
Financial Services 2024 Regulatory Outlook
September 2024
Global themes impacting the regulatory outlook, New Prudential Developments, Supervisory Effectiveness, Financial Crime and Operational Resilience, Environmental, Social, and Governance (ESG) related reporting, and Digitization of Finance and Digital Assets
Increasing Clearing in U.S. Treasuries Regulation
August 2024
Significant updates and proposed changes within the US Treasury clearing landscape, Summary of the Four Rules Being Amended, Regulatory Timelines, Definition of “Eligible Secondary Market Transactions”, Requirement for Access to Clearing and Monitoring of Compliance, Summary of Proposed Rule Changes
OSFI Delays Basel III Floor: Global Coordination amid Industry Extensions
August 2024
OSFI's recent decision to delay the implementation of the Basel III output floor aligns with similar deferrals by global regulators, highlighting the importance of global coordination to ensure consistency across international regulations.
CIRO Strategic Plan FY 2025-2027
August 2024
Overview and Initial Strategic Objectives, CSAs Planned Implementation Process for CIRO, Details of CIRO Strategic Objectives including Outcomes, Priority Transformative Initiatives aligned to High Level Strategic Goals
Liquidity Adequacy Monitoring Tools
July 2024
Overview of Liquidity Tools Available for Banks to Monitor its Liquidity Adequacy, Liquidity Coverage Ratio, Net stable funding ratio, Net cumulative cash flow, Additional liquidity monitoring tools and metrics
FinCEN New Account Opening Rules
June 2024
Regulation Overview, Indicative Example of the Obligations for Broker-Dealers that Open New Accounts for Legal Entity Customers, Certification Regarding Beneficial Owners of Legal Entity Customers
MiFID II Platform Migration
June 2024
MiFID II mandates exceptional granularity and detail in data management and reporting, making data quality crucial for compliance.
Explore the role of technology in meeting MiFID II Requirements and Botsford’s approach to migrating systems
SWIFT CBPR+ ISO 20022 Migration
June 2024
Background, Benefits to Migrate from MT (ISO 15022) to MX (ISO 20022), CBPR+ Timelines, Improvements of New Message Structure & Roadmap, New XML Message Types Introduced with CBPR+, Release Dates for MX Message Types
Open Banking in Canada
May 2024
Key Policy Objectives for an Open Banking System in Canada, Timeline of Events to Establish an Open Banking System in Canada, Implementation Plan as Proposed in the Final Report by the Advisory Committee, Details of Bill C-365, the Consumer-Led Banking Act
CVA Risk Framework
May 2024
Purpose and Regulatory Background, Comparison of the Calculation Steps of US FRTB’s Sensitivity-Based Method (SBM) vs Basel IV Standardised Approach, Differences Between SA-CVA and US FRTB-SBM
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