Daily Regulatory Alerts & Trump’s Regulatory Changes!
Get our Daily Regulatory Alerts & our Heatmap of Trump's Regulatory Changes! Announcing Our New Product: RegAlytics US Alerts How do you receive regulatory updates? What would you like to see improve? We’d like to hear your thoughts. Our new product…
A Chronology of the Basel Accords
1974: Formation of BCBS In the wake of the collapse of the Bretton Woods system of international monetary management, policymakers from the G10 countries formed the Basel Committee on Banking Supervisions (BCBS) in an effort to build a new international financial structure. The Basel Accords…
Managing Your LIBOR Transition
Welcome back to our discussion on the LIBOR transition! Debt instruments based on the London Interbank Offered Rate (LIBOR) will be “transitioned” using new benchmarks, called “Risk-Free Rates” (RFR), resulting in healthier financial instruments by the end of 2021. Financial institutions in the…
CCAR for Beginners
Introduction The Comprehensive Capital Analysis and Review (CCAR) was created in the wake of the 2008 financial crisis as a way for regulators to ensure that financial institutions are resilient enough to face future disasters. This test is administered once a year by the Federal Reserve Board and…
Applying Project Management In The Regulatory Space
An Interview with 8of9’s Newest Associate Josh Clemente 8of9 is excited to welcome Josh Clemente to our team! Josh brings a wealth of experience in data and capital markets to his work at 8of9. One of his superpowers is amazing project management skills. Josh’s experience with project management…
2019 Heatmap: Regulatory Changes Under The Trump Administration
During President Trump’s campaign for presidency, he made several claims that he would roll back financial regulations. In December 2016, we created a heatmap predicting these potential roll backs. We indicated Trump’s authority over popular financial regulations…
Proposed Changes to Volcker Rule
The Fed, OCC, FDIC, SEC and CFTC released a notice of proposed rulemaking on December 18, 2018 to amend the Volcker Rule. These changes have been proposed to create consistency with the statutory amendments under the Economic Growth, Regulatory Relief, and Consumer Protection Act, which was enacted…
Welcome Back & Happy 2019!
Happy New Year! We’re so excited to be back at 8of9 after an amazing holiday season. As we begin 2019, we’re eager to tackle the challenges ahead. As the year begins, we’re already seeing potential changes in regulation. Two of these proposed changes involve the Volcker Rule. One proposed change…
Introduction to the LIBOR Transition
What is LIBOR? London Interbank Offered Rate (LIBOR) has been utilized by financial institutions as a reference point for establishing interest rates on a variety of debt instruments. It has become one of the most commonly used tools determining short-term interest rates globally. LIBOR is an…
Happy Holidays from All of Us at 8of9!
What better way to kick off the holiday season than coming together as a team? This past week we were able to celebrate this phenomenal time of year with some of our families and friends! Our very own Aaron Heisler, surprised us with a gauntlet of holiday contests. From mini basketball to…
Fall at 8of9
Client Appreciation Party 2018We officially made our new office our home by hosting a client appreciation party in the new space on October 18, 2018. Check out the photos here. Everyone enjoyed food, drinks (including our signature cocktail) and engraved 8of9 flasks!…
Brexit: the UK’s Temporary Permission Regime
With the UK’s departure from the European Union (EU) set to March 29, 2019, the financial services industries in both the EU and the UK expect to be vastly changed by Brexit. There are two possibilities for how the UK will exit the EU: The UK leaves the EU with an implementation period. The UK…
Overview of the 2018 U.S. Resolution Stay Rule & Protocol
For an in-depth overview of the FSOC's QFC Recordkeeping and Reporting Rules, take a look at our explainer presentation here. Why are these regulations necessary? The U.S. Resolution Stay Rule and the U.S. Resolution Stay Protocol are regulatory reforms introduced post financial crisis. They were…
International Blockchain & Bitcoin Regulations
Blockchain and Bitcoin Regulations Around the World Virtual currency and distributed ledger technology (DLT) are disrupting many industries including finance, retail, entertainment and everything in between. These technologies enable financial transactions to be processed, contracts to be signed,…
8of9’s Client Appreciation Party!
8of9 was thrilled to invite clients to the new office for our Client Appreciation Party on Thursday, October 18, 2018. A huge thank you to everyone who attended. It was wonderful to see our supporters and friends – both old and new. As we continue providing regulatory consulting services and…
Our Values
Intelligence | Inspiration | Initiative | Innovation | Integrity | Inclusion The 6I's above represent our goals as a company and as a team. At 8of9, we strive for excellence within the FinTech/RegTech space and regulatory consulting industry by sticking to these six values. This is the foundation…
Our Bitcoin & Blockchain Practice Grows, Plus Our New Office!
Bitcoin and Blockchain ConsultingDistributed ledger technology and cryptocurrency companies have come under increased scrutiny for their incomplete regulatory and compliance programs. This creates challenges for startups and organizations innovating in cryptocurrency…
The Credit Risk Mitigation Framework in the EU
Developments in the Credit Risk Mitigation Framework in the European Union The financial crisis of 2008 revealed shortcomings in the way financial institutions evaluated risk exposure. These shortcomings led to insufficient regulatory capital in times it was most needed. In the aftermath of the…
Our New Home
Lime green walls covered with Star Wars decorations, the smell of Eataly's pastries wafting through the air, and magnificent views were some of the most memorable features of 8of9’s old office. 8of9 has been lucky enough to call 1115 Broadway home for the past six years. Just ten years ago, our…
Dodd-Frank Rollbacks: the Crapo Bill and Volcker 2.0
In the past month, parts of the Dodd-Frank Act have been updated through the Crapo Bill and the Volcker Rule rollback. Read on for more information on these important changes. The Crapo BillDate: May 24, 2018 How: President Trump signed off on the Crapo bill, which passed the Senate and House of…
SIFMA C&L, Blockchain and a New Product!
#BestSwag at the Conference: 8of9 at SIFMA C&L's Annual Seminar We were delighted to see old friends and make new ones at our booth at SIFMA Compliance & Legal Society's annual conference in Orlando! 8of9 is notorious for having the best swag around, and this year's swag included beanies…
9 Lessons from Our Moms
Moms really do know best. They helped us with our homework, cheered us on at little league games and bandaged our scraped knees. Above all else, our mothers imparted upon us tidbits of wisdom that helped shape who we are today. In appreciation of all the wonderful mothers around the world, we would…
Trading Non-Centrally Cleared Derivatives Under IOSCO
Trading Non-Centrally Cleared Derivatives Under IOSCO The Regulator: International Organization of Securities Commissions (IOSCO) The International Organization of Securities Commissions (IOSCO) is an international body that is recognized as the global standards setter for the…
SIFMA C&L 2018 Annual Seminar RECAP
SIFMA C&L’s (Compliance & Legal Society’s) Annual Conference this year was in sunny Orlando, and 2000 of the financial industry’s senior compliance and legal professionals gathered to discuss current and emerging issues in the securities industry. We…
8of9 Heatmap: Regulatory Changes Under President Trump
8of9 Heatmap: Regulatory Changes Under President Trump Download
Interview with Aaron Heisler, 8of9’s New COO
8of9 is excited to welcome Aaron Heisler as our new COO! As a financial industry veteran and longtime supporter of 8of9, Aaron brings his reputation for delivering exceptional value in strategy and implementation to our team. Working closely alongside our internal…
A Crazy 2018 for 8of9!
Star Wars Party PeopleThanks to everyone who came to our Star Wars opening night screening at the Regal Theater. We were thrilled to have so many 8of9 family members in attendance (and if you’ve been a friend and supporter of 8of9- we consider you family).…
Spotlight on the Agency: OCC & Regulations on the Horizon
Spotlight on the Agency: OCC & Regulations on the Horizon The Office of the Comptroller of the Currency (“OCC”) is an independent bureau of the U.S. Department of the Treasury[1] that charters, regulates, and supervises: All National BanksAll Federal Savings AssociationsFederal Branches and…
Volcker Rule: A One Year Reprieve For Certain Foreign Banks & Investment Funds
The U.S. agencies responsible for enforcing the Volcker Rule issued A ONE YEAR REPRIEVE FOR CERTAIN FOREIGN BANKS & INVESTMENT FUNDS, via a joint statement on July 21, 2017. What does this mean for the year? This year is a grace period allowing agencies time to amend Volcker. Foreign…
GDPR: Key Changes to Know
The Global Data Protection Regulation is set to shake up the way that companies process the personal data of EU citizens. GDPR will officially apply to all member states and companies (referred to as “data processors” or “data controllers”) processing EU citizen data on May 25, 2018. The change…
PSD2 and its Impact on Banking, FinTech and Consumers
The European Union’s introduction of the Payment Services Directive 2 (PSD2) sparked much discussion in the financial services industry. The infographic below explains[1] the directive and its effect on the industry and consumers[2]. [1] Timeline and Major Changes:…
Blockchain as a Regulatory Solution: QFC Recordkeeping
The financial services industry has opened itself to technology as a solution. FinTech, and now RegTech, dominate the conversation in what will shape the industry in years to come. One of the most promising tools for those working at the intersection of finance and tech is blockchain. In this…
Trump, the Volcker Rule, and Glass-Steagall
With Republican victory in 2016, and the Trump transition teams’ vow to “dismantle” Dodd-Frank, one regulatory provision that is in Republican crosshairs is the Volcker Rule. However, targeting the Volcker Rule does not square with the Republican campaign promise to create a new Glass-Steagall.…
QFC Recordkeeping: Like a Box of Chocolates
This October, the Financial Stability Oversight Council created a new recordkeeping and reporting rule for qualified financial contracts (“QFCs”). This deck will explain what a QFC is, who is subject to the rule, and how to best prepare for compliance with the rule. 8of9 is a next…
Net Stable Funding Ratio: Fad Diets
Basel III introduced the Net Stable Funding Ratio (“NSFR”) to the financial market. The regulation is a complicated formula, that aims to have banks fund their long-term assets through long-term sources, rather than risky short-term funding. 8of9 is a next generation RegTech company…
Predicting Trump’s Regulatory Changes
Nearly a decade after the 2008 financial crisis, Donald Trump and the Republican Congress will likely make substantial changes to financial services regulatory policy. There’s no question that regulatory policy will shift but how will this affect current and future financial regulations? 8of9’s…
Dodd Frank in Trump’s America: The Financial CHOICE Act
The Financial CHOICE Act is a likely point of departure for regulatory reform of Dodd-Frank. The Trump Transition team has recently announced that they plan on “dismantling” Dodd-Frank.[1] A logical first place to look for a Republican blueprint for “dismantling” Dodd-Frank is the Financial…
Dodd-Frank In Trump’s America
Just eight years after the financial crisis of 2008, Donald Trump and the Republican Congress’ victory in the 2016 election likely marks a substantial change in financial services regulatory policy, especially with regards to Dodd-Frank. This article will serve as the first in a multi-part series…
WHY BANKS SHOULD LEVERAGE TECHNOLOGY FOR ANALYTICS AND DISCOVERY
Buried Alive in Contracts? How to Unlock Future Savings with Contract Discovery and Analytics THE PROBLEM In the post-2008 financial crisis environment, regulators often require financial institutions to report accurate data about their operations and exposures. Institutions must produce…
How Credit Default Swaps Could Change the World
Mary K analyzes how credit default swaps can be used to improve philanthropy and impact investing. Download [263.11 KB]
7
YEARS
Through 7 years of helping clients solve the toughest regulatory puzzles, 8of9 has amassed a considerable body of knowledge in regulatory matters.
25
NERDS
8of9 is a nerd farm – so we’re always learning and reading complex information then making it simple!
7
YEARS
Through years of helping clients solve the toughest regulatory puzzles, 8of9 has amassed a considerable body of knowledge in regulatory matters.
25
NERDS
8of9 is a nerd farm – so we’re always learning and reading complex information then making it simple!
“Here’s to crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes… the ones who see things differently. They’re not fond of rules… You can quote them, disagree with them, glorify or vilify them, but the only thing you can’t do is ignore them because they change things… they push the human race forward, and while some may see them as crazy ones, we see genius, because the ones who are crazy enough to think that they can change the world, are the ones who do”.
Steve Jobs
REG MAPS
RegMaps are infographic learning tools created for the user to comprehend and simplify complex regulations.
REG MAPS
RegMaps are infographic learning tools created for the user to comprehend and simplify complex regulations.