Regulation
Cass Questions Circuit Breakers in New Study
The Cass Business School at City University, London, has released an academic paper questioning the validity of measures put in place after the Flash Crash to ensure market stability.
LEI Operating Arm Should Be Lean And Fast, Say Basel Delegates
Regulators will consider recommendations that the operating arm of the legal entity identifier system should be kept lean and fast to begin with, following a meeting of the Financial Stability Board's Private Sector Preparatory Group
Dyson Appointed Deputy CIO At SEC
In her new role, Pamela Dyson will be responsible for continuing to modernize the information technology systems of the regulatory body, which is headquartered in Washington, DC
The Curious Case of the Nifty
The Flash Crash on India’s exchange highlights the perils of instituting catchy mechanisms like circuit breakers without really analyzing what causes problems in the first place.
Regulatory Reckoning
Basel III rules aren't being implemented quickly enough to meet January 2013 deadline, but what does that mean?
JPMorgan Backs Swift's MyStandards
Firm's payments business has begun making the application available to its clients, in what looks like a prelude to securities units also doing so
Innovation Revs Up
Take a look beyond a list of acronym-named regulations to the innovations and reconsidered management approaches in reference data, as presented and discussed at EFIS and reported by Inside Reference Data
Credit Suisse CIO: Tap Unmeasured Data For Investment Advantages
Credit Suisse’s Adam Broun tells Michael Shashoua about his approach to demonstrating the need to build data management technology within a firm
Jake Thomases: Dodd–Frank Under Romney: Weakened But Not Dead
Jake looks at what might happen to the Dodd–Frank Act if Mitt Romney’s presidential campaign is successful. For all his threats against it, the financial services industry should be aware that, like Mark Twain, reports of its death have been greatly…
Standards Coronation
The ISO 10962 Classification of Financial Instruments code is due for an overhaul, says Martin Sexton of London Market Systems. What will the new reigning standard look like?
EDM Council Tackles Data Quality
The industry association has begun collecting feedback on data quality requirements set out in Basel III regulation, to plan a data quality initiative
Anthony Malakian: A Postscript on Form PF
Complying with the new Form PF requirement is a burdensome, time-consuming task. But Anthony says that it doesn’t have to be a nightmare, as long as the proper amount of preparation is done.
Target2-Securities: Give and Take
Work on the Target2-Securities project, the pan-European settlement platform developed by the European Central Bank, continues to gather pace ahead of its 2015 launch date. What will it mean for central securities depositories, which are outsourcing…
Investit's Doherty: Politicians are Hurting Regulatory Processes
At yesterday's Linedata Exchange in London, the ever-shifting regulatory state of affairs in Europe was an issue that garnered much interest.
HSBC's Stephenson: Europe, Asia Take Different Approaches to Outsourcing
Cost is crucial for European asset managers, whereas Asia-Pacific fund managers must focus on technological investment, according to HSBC's global head of fund services Ian Stephenson, a panelist at yesterday's Linedata Exchange in London.
Esma Recommends Use of LEI For Emir
Paris-based regulatory body says that if a global legal entity identifier is available and endorsed by the European Union, it should be used as part of reforms to the over-the-counter derivatives market in Europe. Otherwise, an interim entity identifier,…
In Regulating HFT, Europe Misses the Target
When NYSE announced that it would merge with Chicago-based ECN Archipelago at the turn of the century, it handed out silver bells for the first day of trading.
HFT: The End of the World As We Know It?
Yesterday, European lawmakers voted in favor of introducing stricter controls around the controversial practice of high-frequency trading, proposing a regulation that would require all posted orders to be kept in the market for a minimum period of half-a…
Crunch Time for Mifid II as HFT Goes Under the Knife
Today's the day, supposedly, when the European Parliament will vote on the second Markets in Financial Instruments Directive─better known as Mifid II.
Conquering Form PF
Form PF, requiring US funds managing at least $150 million to submit an unprecedented amount of data to the SEC, came into effect in 2010 as part of Dodd–Frank, and the deadlines are now starting to kick in.
EFIS 2012: Credit Suisse Keynote: Seek Opportunities in Regulatory Initiatives, Non-Traditional Data
Firms must leverage regulation-mandated initiatives to find opportunities to gain advantage, Broun says.
You’re Free to Have LEIs, But Not Free of Charge
The costs inherent in implementing the legal entity identifier and new regulatory measures may in fact be an investment in preventing more elephants from entering the proverbial room