Regulation
Regulation & Standards special report
September 2012 - sponsored by: CUSIP Global Services, SIX Financial Information
FSB Sets September Deadlines For LEI Proposals
FSB asking legal experts for advice on most appropriate jurisdiction in which to establish the Central Operating Unit
The Quiet Side of Reform
While regulation grabs headlines, the work that goes on around accommodating new rules, just as important as the process of making laws, is often quietly discussed despite great efforts involved. Ongoing standardization aims to ease the birth of new…
Mind The Transparency Gap
Transparency concerns, inherent in both the legal entity identifier implementation process and scrutiny of pricing data sources, are gaining more attention.
SEC Bumps Tech Roundtable Date
The Securities and Exchange Commission (SEC) has amended the date of its upcoming technology roundtable, initially scheduled for 14 September 2012.
Limitations and Horizons
Michael Shashoua speaks with Peter Warms, head of open symbology at Bloomberg, about the prospects of the legal entity identifier and its implementation in the next year
Exchange Data International Gains IS0 9001
Standard certifies that the data vendor has good-quality management systems
Major Banks Complete Swap Trading Standard
The Fixed Income Connectivity Working Group (FICWG) has agreed on a set of standards for the way in which participants in swap trades will interact with execution venues, ahead of regulatory reform.
Sapient Enhances Data Tool for European Repo Agreements
Sapient Global Markets has announced a new offering designed to help firms communicate loan-level performance data to the European DataWarehouse, which was built as part of the European Central Bank's asset-based securities (ABS) loan-level initiative.
Fenergo Launches Fatca Self-Certification System
The vendor's web portal will help financial institutions manage the collection of forms their clients will have to fill in as part of the US anti-tax evasion regulation
Forthrightness is Such a Bother
Past Editor’s Views have supported the premise that a strong and cohesive global legal entity identifier is worth getting, but the Basel, Switzerland-based international organization taking on the task is sowing confusion and dysfunction
The Battle of Washington DC
US regulators come under repeated pressure from the industry and their fellow agencies.
The Risk FIX: Technologists Eye FPL Risk Guidelines
In June, FIX Protocol Ltd. released a new batch of risk-control guidelines for futures and options contracts executed via algorithms and direct market access, notably setting out a framework for pre-order acceptance checks. Tim Bourgaize Murray finds…
SEC Outlines Tech Roundtable Agenda
Focuses on disaster management and system integrity after Knight trading incident.
James Rundle: Aussie Rules
The Australian financial regulator has become the latest to weigh in on high-frequency and automated trading, publishing its own set of proposals. Along with various other agencies, market events, and near-misses with certain brokers, James Rundle argues…
Michael Shashoua: Global LEI Nuances
The work of regulators concerning the legal entity identifier standard is becoming more mismatched with the changed definition of what will be completed in March. This development makes possible a significant gap in progress on the LEI between the US and…
SEI Kicks Off Form PF Service
Form PF offering entails SEI filing the form electronically on behalf of clients, easing their time, infrastructure, and expense burdens.
CFTC Under Fire from Asia-Pacific Regulators
Singaporean, Hong Kong and Australian bodies express concern over extraterritorial implications for OTC reform.
CFTC Establishes Swap Reporting Requirements
Regulator approves final rules on risk management improvements.
Indian Court Refers Proposed HFT Ban to Regulator
Delhi High Court rules that Sebi must respond to retail action brought against automated trading practices.
Form PF Presents Data Challenges For Funds With Derivatives Positions
The head of risk, analytics and regulation for enterprise content at Thomson Reuters believes data vendors can help firms comply with the Form PF rule by providing underlying security information, terms and conditions reference data and pricing variables
FSB Calls For Demonstrations Of Proposed LEI Solutions
The Financial Stability Board is inviting experts to demonstrate proposed approaches to all parts of the legal entity identifier system at a gathering in Basel, but says the meeting is not connected to the vendor selection process
Swift Develops End-to-End T2S Solutions
Also achieves successful proof of concept for value-added network.
CICI Utility Includes Rigorous Data Validation And $200 Fees
The interim legal entity identifier utility launched by Swift and the Depository Trust and Clearing Corporation enables self-registration and third-party registration at a fee of $200, and includes rigorous data checks