Regulations
As sanctions increase, banks struggle with growing compliance burden
Firms must get data management and compliance culture right if they really want to keep their books clean of crooks and sanctions-dodgers, and keep their reputations and bottom lines clean of regulatory fines.
Waters Wrap: Data ownership & storm clouds brewing
Thanks to technological advancement, firms are finding new ways to monetize data. While the question of “who owns the data” was never a pressing one in the past, Anthony says that there are reasons to believe that will soon change.
People Moves: BSO, Saxo Markets, MSCI, LPA, and more
A look at some of the key "people moves" from this week, including Michelle Shanley (pictured), who has been appointed global head of strategic and key accounts at MSCI.
Industry slams market data fee filing
Jo struggles to see how the SEC could approve fee proposals for exchange market data fees.
Cloud promises cost savings, but users still overspend
Cloud overspending and overprovisioning is a pervasive problem as cloud usage is poised to grow in 2022.
This Week: LSEG/Quantile, Ice, Morningstar/Sentifi, SimCorp/FundApps, and more
A summary of some of the past week’s financial technology news.
This Week: Cboe-Neo, Aviva-Macrobond, Iress, BNY Mellon, Options, MT Newswires-Bloomberg, and more
A summary of some of the past week’s financial technology news.
Phase five margin queues spur calls for custody revamp
Custodians are being urged to update “antiquated technology” ahead of a three-fold jump in phase six initial margin onboarding.
Waters Wavelength Podcast: Episode 241 (Big Tech and the capital markets)
Wei-Shen and Tony explore the idea of big tech companies disrupting the traditional Wall Street vendors.
Confusion remains over SEC’s market data efforts
Jo ponders some of the important pieces of the regulator’s National Market System modernization that remain obscure.
This Week: SmartStream, DTCC, Ion, State Street, and more
A summary of some of the past week’s financial technology news.
Regulators must find a balance with artificial intelligence
There's rapid digital transformation underway in the industry and regulators must get with the game plan while not over-regulating the use of AI.
Rimes shutters market surveillance business amid strategy overhaul
The data management firm is undergoing a multi-year program to unravel its surveillance business, as it looks to throw its weight behind its flagship data offerings.
Former Standard Chartered CDO details AI in capital markets and regulators’ approach
Waters Wavelength Podcast Interview Series: Shameek Kundu, now head of financial services and chief strategy officer at AI startup firm Truera, talks AI, the state of the art of infrastructure, and how regulators are keeping a keen eye on the space.
EC drafting proposal for derivatives consolidated tape
Commission official says beta version ready for testing in 2023 will also include equities, bonds and ETFs
Farewell, Oats: Finra announces retirement date
Finra has told firms to stop reporting trades to the Oats tape from September 1, as the SEC's Cat becomes the definitive audit trail for US securities markets activity.
Vanguard overhauls EU data strategy to better manage analytics, regulatory needs
The asset manager’s CIO for Europe aims to centralize responsibilities from its UK and EU offices for how its business in the region manages data and develops new investment products.
Esma to ink deal for big data capabilities
The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities.
Beyond ratings: Vendors look to fill ESG data gaps
Start-ups and non-traditional data providers are exploiting niches where investment professionals can't rely on ratings.
Finra taps AWS for next-gen regulatory search tools
A long-time AWS client, Finra is using a combination of AWS tools and its own knowledge graph to generate better search results.
People Moves: Bitvore, KX, Wolters Kluwer, Neuravest & more
A look at some of the key people moves from this week, including Elizabeth Pritchard (pictured), who joins Bitvore as CEO.
Swipe left: repo reporting no match for Brexit, or collateral
A happier start than Emir, but SFTR honeymoon is over now that trades report separately in UK and EU.
Esma: Firms struggled with trade data porting after CME wind-down
The EU regulator had to coordinate efforts with local NCAs to clamp down on failures made by counterparties to meet Emir guidelines for porting data.