WFIC Diary Day 1: Regulatory Delays Frustrate Industry, Force Collaboration
![San Francisco's Golden Gate Bridge from below San Francisco's Golden Gate Bridge from below](/sites/default/files/styles/landscape_750_463/public/import/IMG/230/129230/san-francisco-golden-gate-bridge.jpg.webp?h=5bf04255&itok=6aQZ7H8j)
Regulation and economic rebound were the major themes of the first day's discussions among data industry participants at the FISD's World Financial Information Conference in San Francisco.
Regulation remains a key concern for end-users, though panelists at the event said they had expected regulation to be further towards being implemented between the previous WFIC event in 2009 and now.
Meanwhile, vendors are seeking to ensure that their clients are ready to meet upcoming regulatory requirements.
For example, Mark Hepsworth, president of institutional business at Interactive Data, says the vendor is striving to understand clients' workflow around data once it is received, and to help them be more efficient in performing various compliance-relate processes around data, such as providing more transparency around evaluated pricing services and enabling users to drill into prices and export their research.
Due both to regulatory requirements and a greater focus on cost controls in the current economic environment, vendors say they are working more collaboratively with clients to help firms derive more value from their data. In some cases, vendors are educating customers more about their products, while in other cases, data providers are repackaging content to maximize value for clients or even providing the flexibility to allow clients to customize their own packages and only pay for what they need.
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Chevron’s absence leaves questions for elusive AI regulation in US
The US Supreme Court’s decision to overturn the Chevron deference presents unique considerations for potential AI rules.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.
The costly sanctions risks hiding in your supply chain
In an age of geopolitical instability and rising fines, financial firms need to dig deep into the securities they invest in and the issuing company’s network of suppliers and associates.
Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.
Regulators recommend Figi over Cusip, Isin for reporting in FDTA proposal
Another contentious battle in the world of identifiers pits the Figi against Cusip and the Isin, with regulators including the Fed, the SEC, and the CFTC so far backing the Figi.
US Supreme Court clips SEC’s wings with recent rulings
The Supreme Court made a host of decisions at the start of July that spell trouble for regulators—including the SEC.
This Week: FCA, Plato/Turquoise, Franklin Templeton, and more
A summary of the latest financial technology news.
Insurers deny cyber premiums are rising
Contrary to banks’ complaints, underwriters and brokers claim current market for policies is soft.