Regulation & Standards special report
July 2015 -- sponsored by SIX Financial Information and Thomson Reuters
Click here to download the PDF
Being prepared
In this special report, we hear from regulatory compliance data managers, specialists and experts about the next set of regulatory changes taking effect over the next two years and beyond, describing the parameters of necessary
compliance efforts and better defining the roles of identifier and know-your-customer (KYC) guidelines.
Northern Trust's Robert Angel says in the Roundtable that the industry is asking what are the benefits of delegating the reporting required under Europe's Markets in Financial Instruments Regulation (Mifir). Market participants are typically waiting for more detailed provisions before starting compliance work-and Mifir's live date is not until early 2017, he notes.
SIX Financial Information's Jacob Gertel points to the imminent start of reporting under the US Foreign Account Tax Compliance Act (Fatca) for countries that are members of certain intergovernmental agreements, and the need to adhere to the Common Reporting Standard established for tax transparency. Regulation, generally, will require tactical fixes to give way to strategic process changes, says Marion Leslie of Thomson Reuters.
Perhaps the industry needs to emulate the utility models conceived for KYC data, as Celent's Arin Ray describes. Identifiers may need more work, as ANZ Bank's Mark Bands says in our Q&A, but are providing a data "genome" useful for mapping and aggregation.
These professionals have identified numerous regulatory and standards areas where preparedness is not where it needs to be, at the same time pointing to possible solutions that are out there, but require more action.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
This Week: BBH, AllianceBernstein add data solutions, Deutsche Börse-Nodal Exchange, and more
A summary of some of the latest financial technology news.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
Can exchanges leverage new tech to claw back ETF share from RFQ platforms?
Systematic trading strategies and proliferating data are bringing efficiency to an otherwise-fragmented European ETF market.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza