Regulation
US Regulators' Technology Burden
The passage of the Dodd–Frank Act in the US, while necessary, has not just stressed many Wall Street firms’ IT budgets—it has also required a substantial investment on the parts of the US regulators. Anthony Malakian charts the progress that has been…
CSRC Widens Everbright Glitch Probe
The China Securities Regulatory Commission (CSRC) has announced that it will expand its investigation of trading systems to include all Chinese brokerages, following a glitch in Everbright Securities' high-frequency engine that caused it to mistakenly…
Fatca Registration Portal Launched
The online portal firms must use to register their details, as part of the US Foreign Account Tax Compliance Act, is now operational
Financial Transaction Tax: Doomed to Fail?
The financial transaction tax, Tobin tax or even the Robin Hood tax—call it what you want—is here to stay. Or maybe not. By Marina Daras
IRD's Senior Reporter on LEI Opportunities for Vendors
While the public sector continues its work on establishing the legal entity identifier, vendors are deciding how they can use the identifier to create new products and services
FPL Announces Re-brand to Fix Trading Community
Fix Protocol Limited (FPL) has undergone a major re-brand, changing the name of the organization to Fix Trading Community, in order to better reflect its expanded role in the industry outside of its messaging standard.
Applications Open for LEI Foundation Directors, New Pre-LOUs Announced
The Regulatory Oversight Committee of the legal entity identifier system has asked candidates for the board of directors of the LEI foundation to submit their applications before September 4, and has revealed that Chinese and Argentine organizations have…
Identifying LEI Opportunities
While many people take a much-needed vacation this month, regulators and vendors continue to make important decisions about the legal entity identifier
Bitcoin's Regulatory Parade: Justified or Fiasco?
Regulators including the Securities and Exchange Commission (SEC) and New York State Department of Financial Services (DFS) are examining the virtual currency that has fascinated popular imagination by—as much as they can—treating it as real. Will new…
ASIC Releases New Rules on Dark Liquidity and HFT
The Australian Securities and Investment Commission (ASIC) has released a new set of rules for dark liquidity and high-frequency trading that are designed to influence market participants’ behavior.
Light and Shade In LEI Outlook
Shifts in legal entity identifier guidelines attract attention to the differences between countries on how to implement the identification standard
ROC Rule Changes Force Purge Of CICIs
The Regulatory Oversight Committee's pre-LOU guidance spurs Swift and the Depository Trust and Clearing Corporation to remove 18,000 CFTC Interim Compliant Identifiers that do not meet requirements
LSE Goes Live with Pre-LOU
The London Stock Exchange has become the fourth organization to launch a pre-Local Operating Unit that will allocate pre-Legal Entity Identifiers and include a process of entity validation, duplication prevention and entity eligibility checks
Stepping Up to SEPA
The Single Euro Payments Area project is standardizing the identifiers and messaging formats used for transactions throughout the eurozone. With six months left to comply, some firms have a lot of data mapping work to do, writes Nicholas Hamilton
Europe's Build-Up to Basel III
The European Union’s Capital Requirements Directive IV will implement Basel III proposals across the continent when it comes into force at the beginning of next year. With firms likely to do much of their risk-modeling internally, the demands on data…
Marking Your Own Homework
The Securities Industry and Financial Markets Association (Sifma) sent a request for a review into the structure of the exchange self-regulatory model (SRO) last week, in a move that may force regulators to take an enhanced role in market oversight.
Stay On The Ball
HSBC Securities Services’ Chris Johnson has won the respect of his peers for his close analysis of how regulatory change will impact data management. Johnson tells Nicholas Hamilton why EMIR, Dodd Frank and Fatca need the most urgent attention and warns…
TeraExchange Files SEF Application
TeraExchange has announced that it has submitted an application to the US Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF).
The Magic Roundabout
Policy and regulatory discussions often end up eating themselves.
James Rundle: Cross-Country Marathons
Operating across regulatory jurisdictions is never easy, but in some areas, it’s practically impossible to do so efficiently. Even when regulators prove accommodating there are challenges, James says.
Pre-LEI Portal Launches Data Sets
P-lei.org, a legal entity identifier consortium launched in June, has begun making pre-LEI data available daily, notably for the US, Germany and France
AIFMD's Slow Burn
As one AIFMD-related deadline hits, the industry is still likely a year away from tackling compliance and reporting for this regulatory overhaul. But that doesn't mean firms shouldn't start preparing today.
IRD's Editor on ISO 20022 and LEI Developments
Support for the ISO 20022 messaging standard could be wavering in the industry. In contrast, a maneuver by the US Office of Financial Research could improve the LEI's prospects
LEI Up, ISO 20022 Down
If identifier and messaging standards were stocks, adoption of the legal entity identifier would be rallying, while the ISO 20022 messaging standard dropped. Support for adoption of ISO 20022 for corporate actions messaging is not appearing as strong as…