Regulation
SIA, Colt Network to Connect Four European Central Banks
The vendor of information delivery platforms and vendor of payment systems have won the contract to provide a high-speed network between the central banks of Germany, Italy, France and Spain, as part of the Target2 and Target2-Securities (T2S) projects
Where the Data Buzz Is
Data management developments and discussions breathed life into last month's Sifma Tech Expo.
Canadian Regulator Addresses Direct Access
Canadian Securities Administrators (CSA), an umbrella organization of regulatory bodies in Canada, has announced amendments to recent regulation over direct access to markets.
Tradeweb Submits CFTC Application for SEF Status
Tradeweb Markets has announced that it is applying to the US Commodity Futures Trading Commission (CFTC) for swap execution facility (SEF) credentials, operating two separate platforms.
Swedbank Robur Chooses SimCorp for Solvency II Reporting
The software vendor's Solvency II system has been integrated with the SimCorp Dimension investment management platform that Swedbank was already using, leading to better data quality, lower operational risk and reduced maintenance costs
SEC Announces Quant Analysis Unit
The US Securities and Exchange Commission (SEC) has announced a number of new initiatives designed to combat fraud and market abuse, including a unit dedicated to risk and data analysis, within its enforcement arm.
IRD's Editor on Basel's Mixed Messages
The Basel Committee on Banking Supervision's latest guidance on Basel III capital adequacy requirements finds the regulator suddenly getting strict.
The Search for Solvency II Solutions
Solvency II may be delayed, but it has not gone away. As the most focused industry participants chip away at the complexity of the European insurance regulation, Nicholas Hamilton discovers innovative compliance solutions, including data metering systems…
Cost and Complexity for Asian Tigers
It’s trading, Jim, but not as we know it.
StatPro Adds Ucits Capabilities to Revolution; Lands Caceis
Portfolio analytics vendor StatPro Group has upgraded its Revolution platform to allow for global exposure and liquidity monitoring, which the company says will aid in staying compliant with Ucits IV.
Fatca-Fueled Shuffle
The US foreign tax collection regulation is beginning to drive firms to change data documentation and management procedures. Michael Shashoua audits the developments
Cusip Adds LEI Data to Relieve Mapping Burden
Cusip Global Services says incorporating legal entity identifier data will help firms link to the new standard because many of their internal identifiers are mapped to Cusip numbers
Reading the Basel Tea Leaves
The Basel Committee on Banking Supervision's latest guidance on the Basel III capital adequacy rules seems to contradict the tone of past statements
Anthony Malakian: Has Wall Street Learned Its Lesson?
Three years ago this month, the Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law. Anthony says that while much has improved, there’s still a system in place that rewards greed.
Max Bowie: Will Ratings Rethink Restore Credit Confidence?
Rightly or wrongly, credit rating agencies are often blamed for the financial crisis. But with new stricter rules for rating agencies now in force, Max says why not rethink the entire issue of regulating ratings, and give them the same status as any…
Dodd–Frank Turns Three—What's Next?
July marks the three-year anniversary of the Dodd–Frank Act being signed into law. Anthony Malakian takes a look back at the IT challenges faced, and previews what’s still ahead.
Regulators Propose Added Basel III Guidance
The Basel Committee on Banking Supervision, the author of the Basel III capital adequacy regulation, has issued proposals concerning leverage ratios, collateral and derivatives exposures
New Company Seeks ESMA Approval For Trade Repository
A new company set up by CapitalTrack, Capital Market Daily Portal and Fincore believes its trade repository will be attractive to market participants because it is not affiliated to a clearing house
UBS, Bank of America Find Value in DMM Model
Using the EDM Council's Data Management Maturity (DMM) model, UBS Securities and Bank of America have been able to improve on their data governance and data management, officials say
BNY Mellon Exec Predicts 'Global Fatca'
Amy Harkins, a senior vice-president and managing director at BNY Mellon, points to discussions about a "Global Fatca" sparked by various nations' responses to the US foreign tax compliance regulation
Pre-LEIs, Pre-LOUs, COU Top Agenda at LEI ROC Plenary
At a meeting last week, the regulatory oversight committee of the global legal entity identifier (LEI) system agreed on plans to develop statutes governing the LEI's central operating unit
Rimes Adds Swaps Index Data Feed
The managed data services vendor has added a new feed to its Reference Data Service that classifies indexes as either narrow-based or broad-based, according to the definitions of the Dodd-Frank Act