Regulation
CME Clearing Europe Approved as CCP
The Chicago Mercantile Exchange Group's (CME) European clearinghouse, CME Clearing Europe, has received regulatory approval to operate as a central counterparty clearinghouse (CCP) in accordance with the European Market Infrastructure Regulation (Emir).
GLEIF Sets Fees For LEI Licensing
The foundation, which is responsible for legal entity identifier infrastructure and principles, is relying on the licensing fees to fund the central operating unit administering LEIs
Nasdaq Ships Surveillance Tech for trueEx
Nasdaq OMX's Smarts surveillance platform will oversee both the swap execution facility (Sef) and designated contract market (DCM) operated by trueEX, the exchange group has announced.
CFTC Extends DTCC-Swift's LEI Designation
The US Commodity Futures Trading Commission (CFTC) has extended the designation of the Depository Trust and Clearing Corporation-Swift (DTCC-Swift) as the provider of Legal Entity Identifiers (LEIs).
Eze Adds AIFMD Functionality to Reporting Product
Eze Software is helping funds manage reporting requirements of the EU directive, which include submitting information about regional, counterparty and asset class exposures
Eze Software Adds AIFMD Reporting Component to Regulatory Filings Manager
Eze Software Group can now support Alternative Investment Fund Managers Directive (AIFMD) filings through its Regulatory Filings Manager offering.
UK SFO Launches Criminal Probe into FX Market
The UK Serious Fraud Office (SFO), has announced that it is opening a criminal investigation into purported fraud in the foreign-exchange (FX) market.
Interactive Data Adds Support for AIFMD Classifications
The pricing and data vendor has added coverage of the data that alternative investment fund managers will need to comply with new classifications mandated as part of the European Union directive
The Value Of Sharing
Collaboration and cooperation, along with openness to innovative ways of handling data, are valuable assets that data operations professionals should be willing to use.
Wisdom of Crowds
During an Inside Reference Data webcast on June 25, data management experts explored how crowd computing could help financial firms manage new regulatory requirements, by sharing the burden between freelance workers and automation tools, and leaving…
CAT Bid List Shrinks to Six
The national securities exchanges and the Financial Industry Regulatory Authority (Finra) have selected six bids from the list of ten request-for-proposal (RFP) responses that were submitted to build and maintain the Consolidated Audit Trail (CAT).
LEI Foundation to Focus on Search for CEO, But COU Unlikely This Year
Following its inaugural meeting last week, the board of directors of the global legal entity identifier foundation is to focus on finding a CEO of the foundation, but does not expect the central operating unit of the system to be up and running before…
Study Recommends Open Standard For Taxonomies
London-based companies eTrading Software and Expand, working with broker-dealers, concluded that FIBO and ISMAG fixed-income data efforts would coordinate better with an open standard
Compliance Through Crowd Computing -- Webcast
On June 25, Inside Reference Data hosted a webcast about how crowd computing can help financial institutions manage the requirements of new regulations by enabling them to combine automation tools, subject matter experts and online workers
Fatca: The End of the Beginning
Practitioners have spent many months preparing for key aspects of the Foreign Account Tax Compliance Act that come into effect this week. But few will be able to breathe a sigh of relief when the US anti-tax evasion measure goes live, as similar…
How the West Was Won
In most asset classes, electronic trading is beginning to win the day for regulators. James looks at how e-trading encourages oversight, as well as innovation.
Fixed Income's Dead? Long Live Its Technology
SEC Commissioner Mary Jo White hinted last Friday that fixed income might be the next technology rabbit hole the Commission jumps down. That seems like good news for the buy side—but is it?
EIOPA Seeks Feedback on Plans to Mandate LEI Usage
The Frankfurt-based supervisory authority for the insurance industry is seeking feedback on its plans to make use of legal entity identifiers mandatory in Europe
Data Management Demands of Stress Tests and Standards ─ Webcast
On June 24, Inside Reference Data hosted a webcast about the changes firms must make to comply with the BCBS 239 risk data aggregation and reporting principles, the CCAR and FDSF stress testing programs and the COREP and FINREP reporting frameworks
Fédéris Chooses SimCorp for Solvency II, EMIR, AIFMD
Fédéris Gestion d'Actifs, a French asset management firm, will use SimCorp Dimension to provide access to the granular data needed for Solvency II and to execute more of its own regulatory reporting rather than delegating this to external providers
LEI Common File Format Published
Adoption of a common file format for pre-legal entity identifiers is intended to reduce the likelihood of duplicate records and incorrect data, and to make it easier to integrate data from different pre-local operating units
Linedata Adds Fatca Tax Withholding, AML Upgrades
Linedata's Mshare transfer agency software can now be used to automate the withholding of a 30% tax on US-sourced income to individuals and entities that are not compliant with the US Foreign Account Tax Compliance Act
Midnight in the Rue Jules Verne
FCA chief’s remarks and the UK’s moves to regulate FX lead this week’s coverage.
UK Chancellor Promises FX Market Review, Benchmark Oversight
George Osborne MP, the UK Chancellor of the Exchequer, has instigated a wholesale review of how foreign-exchange (FX) markets in the UK are regulated, along with widening the scope of which benchmarks are covered by new legislation on market abuse.