Regulation
Further Fatca Hurdles
With 12 months left to prepare reporting capabilities for the Foreign Account Tax Compliance Act, entity classification is presenting serious challenges, and the effect of intergovernmental agreements has not become clear, writes Nicholas Hamilton
Mobile Initiatives, Increased Regulation and Big Data on the 2013 Radar
Three issues ─ mobile initiatives, the specter of increased regulation, and the challenges and business opportunities around Big Data ─ dominated discussions during yesterday’s annual Waters USA conference in Manhattan, suggesting these concerns are…
HSBC Exec: "Regulations Require 10 New Data Types"
Chris Johnson of HSBC Securities Services has identified 10 new types of data that will be required by upcoming regulations and says firms must start asking vendors for the data so they will have business cases to create appropriate products
Tension on the Margins
Tom Davin, managing director of FISD, sees cause for concern in the reaction to cost pressures for data management operations, and tells Michael Shashoua that regulation could give certain data providers a leg up in some spaces
SEC's Lewis: Regulator Rapidly Catching Up With Analytics
The US Securities and Exchange Commission (SEC) is becoming more technology-aware, according to Craig Lewis, director and chief economist for the SEC’s risk, strategy, and financial innovation division.
Omgeo Updates ProtoColl For CFTC Reporting
The post-trade processing services provider says it can help firms provide the daily mark-to-market reports on open derivatives positions that are required by the US Commodity Futures Trading Commission
Legal Entity Identifier webcast: Plans For 2013
During a webcast about the legal entity identifier on November 27, industry participants provided insights into the Financial Stability Board's work on the identifier, discussed firms' implementation plans and considered the lessons that can be learned…
Thunderhead Doing Trade Documentation on the Cloud
Thunderhead.com, a UK-based automator of trade documentation, has launched ONE for Capital Markets for the cloud. The solution, which automates trade and relationship documentation processing and all paper transactions throughout the trade lifecycle, is…
Risk's Regulatory Whirlwind
Regulatory uncertainty once again dominated discussions during a recent risk and compliance webcast, with the main concern relating to how much time firms will have to make necessary changes to their risk strategies. By Steve Dew-Jones
Open Platform: The Data-Centric Approach
As institutions seek to generate alpha in a low-interest rate environment, there has been an explosion in the types of investments firms are engaging in, including derivatives and alternatives. As a result, many front-office solutions providers have…
Anthony Malakian: ‘Wait and See’ No More
Many US hedge funds were hoping for a new president on the morning of November 7. That did not happen. Anthony wonders whether this means the industry will finally start to see some momentum for stalled IT projects geared toward regulation.
Schapiro Announces SEC Depature
Mary Schapiro, the chair of the US Securities and Exchange Commission (SEC) has announced that she will leave her role at the head of the US regulator on December 14.
UBS Fined $47.5 Million for Rogue Trading Scandal
Investment bank UBS has received a £29.7 million (approximately $47.5 million) fine from the UK Financial Services Authority (FSA), for "significant failings" regarding a rogue trading incident in 2011.
FPL Releases Data Standards for Post-Trade Transparency
Guidelines could be a step towards introduction of a pan-European consolidated tape.
IRD's Editor on Basel III Developments
Inside Reference Data editor Michael Shashoua comments on ongoing developments concerning Basel III capital adequacy rules
Exchange Competition Just a Veneer, Says Aquis Chief
Alasdair Haynes, CEO at the newly formed Aquis Exchange suggests there is much room for improvement within the exchange world in terms of competition and innovation.
Be Thankful for Regulation
In 2013, Anthony says it's imperative that firms look at regulatory changes not as a burden, but as an opportunity.
FircoSoft Moves into India with Peocit's Help
Watchlist filtering solutions produced by the French firm will allow Indian banks to better meet regulatory KYC requirements.
EDM Council: Link Data To Ease Compliance
Regulatory mandates can best be met by linking data from instruments, disclosures, obligations and holdings, according to an official of the industry forum
MEP Says No to Minimum Resting Times
Kay Swinburne, member of the EU's Economic and Monetary Affairs Committee, believes minimum resting times for orders will not make it into the final drafting of the second Markets in Financial Instruments Directive (Mifid II).
WFE Chief Urges Regulators to Embrace Technology
Regulators need to appreciate the positive impact that technology has had upon the capital markets and not fear its use within them, according to Hüseyin Erkan, CEO of the World Federation of Exchanges (WFE).
Demanding Basel III Clarity
Despite postponed and longer-term deadlines, larger firms should be prepared to comply with Basel III rules, but they will need more specifics and final versions from those drafting the regulations
Linedata Preps Mshare for Fatca, Swift MX Changes
In an effort to get ahead of changing regulations that are coming down the pike, Linedata has upgraded its Mshare investor accounting solution to be compliant with Fatca and the upcoming Swift ISO 20022 messaging format.
