Regulation
Fatca's Endgame
Firms are thinking about the ways and means of complying with Fatca foreign tax withholding rules, even with incomplete guidance and preparation, as a key July 1 deadline approaches
Fatca Fatigue Increasing, Experts Say
Banks getting tired of incomplete information and spiralling costs of Fatca, experts on the regulation told attendees at an event organized by Inside Reference Data and SIX Financial Information
Nasdaq OMX Clearing Receives First EMIR Authorization in Europe
The Stockholm-based clearinghouse, Nasdaq OMX Clearing, has received regulatory approval by the Swedish Financial Services Authority (SFSA) to operate as a central counterparty under the European Market Infrastructure Regulation (EMIR).
SIX Readies Fatca Modification Monitoring
SIX Financial Information will go live with monitoring for material modifications that can make securities subject to Fatca rules, when compliance takes effect on July 1
Investment Consultancy Citisoft Launches Know-Your-Outsourcer Tool
Investment management consulting firm Citisoft has launched a service, KYO-40, to help asset managers keep oversight of their outsource service.
EU Parliament Adopts Omnibus II, Finalizes Solvency II
The introduction of the Solvency II regulatory regime inches closer after the European Parliament voted on Tuesday to adopt Omnibus II, a directive that completes and finalizes the common prudential framework for insurance regulation and supervision in…
Legal Entity Identifiers special report
March 2014 - sponsored by: CUSIP Global Services; Noetic Partners; SIX Financial Information; Thomson Reuters
Data Key to Unlocking Solvency II Compliance
In this sponsored statement, Thomson Reuters' Tim Lind enumerates the challenges of the risk exposure directive and immediate ways to view and manage data to those ends
Wake-Up Calls
Data management professionals are being alerted to several new developments in the areas of semantic technology, Unique Trade Identifiers, collaboration, data costs and big data
Timeliness is Money
Data policy recommendations by a FISD working group accept new or higher fees for real-time data but assert that data with lesser timeliness should not see fee increases. Michael Shashoua explores the ramifications of the group’s proposal
Basel Committee Points to Shortfall Drop Under Basel III
The Basel Committee on Banking Supervision states that its Basel III capital adequacy rules have produced a decrease in capital shortfalls among one group of banks.
EDM Council Campaigns For Semantic Technology
As the EDM Council prepares to release key elements of its FIBO ontology later this year, David Newman tells Nicholas Hamilton how financial services can benefit from semantic technology in the way other industries have done
Trade Identifier Tangle
Unique trade identifiers have quickly emerged as the most complicated element of the European Market Infrastructure Regulation’s trade reporting requirements, which came into effect on February 12. Nicholas Hamilton finds out why using the new identifier…
AxiomSL Expands XBRL-Related Capabilities
To meet new reporting requirements related to the eXtensible Business Reporting Language (XBRL), AxiomSL has enhanced its out-of-the-box XBRL reporting solution to include taxonomy management and tweaked it to be more of a submission platform, rather…
James Rundle: The Big Whimper
While derivatives markets have seen huge transformations in both the US and Europe this month, James says they haven’t brought about the Big Bang effect that many predicted.
Michael Shashoua: Steadying Data Flows
Data management professionals will need to achieve smooth input and output to make investment books of record into useful systems for their firms. And, Michael explains, the European Market Infrastructure Regulation rules implementation is raising…
ROC Issues Details of Pre-LOU Common Data Format
The Regulatory Oversight Committee of the global legal entity identifier system has released the first details of a common data format that will be used by pre-local operating units, reducing complexity for users of pre-LEI data
Non-Display Data Loophole
A FISD working group's best-practice recommendations for non-display data usage contain a point that could allow contradictory policies, depending on the timeliness of the data
Tocom Receives ATS Approval from Hong Kong Regulator
Tocom, the Tokyo Commodity Exchange, has received regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong to provide Automated Trading Services (ATS) to its clients.
Scotiabank Chooses Fenergo Onboarding System
The client data software provider's onboarding system uses a rules-driven process to classify Scotiabank clients affected by European Market Infrastructure Regulation, the US Dodd-Frank Act and the Foreign Account Tax Compliance Act
ESMA Calls for Clarifications on Derivatives Definition
The European Securities and Markets Authority (ESMA) has asked the European Commission to provide a clear definition of a derivative or derivative contracts falling under the European Market Infrastructure Regulation (EMIR).
Master and Commander
Getting to grips with Emir.
New European Reporting Regs Overwhelm DTCC Data Repository
A tidal wave of interest rate trade data overwhelmed the trade reporting service run by the Depository Trust & Clearing Corporation (DTCC) after new European reporting rules came into effect on Wednesday, Feb. 12, leaving users unable to check…