European Union (EU)
Nasdaq Looks to Contextualize ESG Ratings
The exchange's ESG Footprint converts ESG data into everyday metrics to show investors the impact of their portfolios.
EU’s Cloud Vision Still Pie in the Sky
The supporters of a plan for a federated cloud architecture in Europe held a conference to discuss development plans, but it’s still unclear how the concept will work in practice.
Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
EU Regulators Spill More Ink Tackling Market Data Costs
The latest consultation on the market data obligations under Mifid II looks to provide better, cheaper, and more uniform access to market data. But will it be enough to standardize policies?
Waters Wrap: Blockchain is Still Overhyped (And Ion/Broadway Thoughts & the Consulting Boom)
In 2016, Anthony wrote that the blockchain revolution was overhyped—unsurprisingly, his opinions have not changed. He also delves into the Ion-Broadway deal, and looks at new consulting/advisory firms that have recently come to market.
New DTCC Consulting Unit Embarks on First Project
The market infrastructure firm founded a new advisory service last month, which has begun its first client engagement to evaluate regulatory reporting.
EU’s Gaia-X Project: Reaching for Digital Sovereignty
Right now, details are scarce for the project, but Jo says that even if the initiative fails to get off the ground, it marks a big step in the bloc’s effort to achieve digital sovereignty.
Asset Managers Fear ESG Data Disclosure Gap
Investment firms need data to meet upcoming regulatory requirements. But corporates aren't making this data available in high enough quantity or quality.
Industry Still at Odds Over Use Case for an EU Consolidated Tape
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?
Waters Wrap: The M&A Market Heats Up (And Some Quantum Computing News)
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
A Way Forward for the Consolidated Tape?
A recent EU-backed report has presented what might be the most viable governance model yet for the controversial project.
Banking Experts: Tech Isn't the Whole Solution to Financial Crime
The industry and researchers are challenging the touting of privacy-enhancing technologies as a cure-all for KYC/AML failures, and advocating systemic reform.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Meritsoft Creates Module for Dividend Tax Tracking
The addition to the vendor’s tax management platform aims to help trading firms understand if they can recover taxes legally.
People Moves: BNP Paribas, CIA Omnigage, Capco, IHS Markit, EOSE Data
A look at some of the key "people moves" from this week, including Sarah Wang (pictured), who has been appointed head of structuring Americas at BNP Paribas.
EU's AI Regulations Could Lay Blame With CTO
Jo wonders if the EC's approach to regulating AI could adapt existing liability laws—with implications for individuals.
UBS Evidence Lab Uses Hospital Data to Profile Regional Recoveries
The unit is combining foot-traffic data and proprietary datasets derived from hospitals to develop a better understanding of outbreaks and predict a timeline for recovery.
After Acquisitions, Broadridge Looks to Expand Continental Europe Fund Comms Business
The financial services firm aims to branch out beyond the UK and Ireland with its fund communication solutions business.
A Look at How UBS's Concentrated Alpha Team Integrates ESG Data
A specialist team at UBS Asset Management is using a mix of proprietary ratings, external data, and in-house analysis to make ESG an integral part of its investment process.
Broker Tradition Shifts to Virtual Desktops
The company is considering a full move to virtual-working solutions after investing in remote access for brokers and other staff during the Covid-19 pandemic..
Lazard Asset Management Revamps Data Model to Reflect Covid-19 Reality
The firm developed a short-term data strategy to avoid the use of unreliable data and better understand the effects of the pandemic on the market as it evolves.
Regulators Defend ESG Data Requirements
Disclosures will protect end investors and increase the amount of data on ESG, supervisory authorities said at a public hearing.
This Week: BNY Mellon, ASX, DTCC, SteelEye/UnaVista & More
A summary of some of the past week’s financial technology news.
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.