Regulation
CFTC Sets Out Conditions For Mutual Acceptance of Pre-LEIs
The US regulator has set out the conditions under which it will accept WM Datenservice's general entity identifier and other pre-legal entity identifiers as part of its swaps trade reporting requirements
IRD's Editor on Collateral Data Growth and Data Governance
The June issue of Inside Reference Data features closer looks at the growth of collateral data and its effects for data managers, as well as developments concerning data governance
US Trade Bodies Request Cross-Border Swaps Relief
A consortium of US industry representative groups has written to the Commodity Futures Trading Commission (CFTC), requesting a six-month extension to relief from cross-border implementations of swaps trading rules.
Dodd-Frank Grows Up So Fast
July will mark the three-year anniversary of President Barack Obama signing the Dodd–Frank Act into law. Anthony wonders what's ahead.
Growing Gravity For Collateral and C-Level Execs
As collateral transaction data grows in volume, its importance to data management also grows. Also, C-level data executives are wielding more influence to direct data management methods and trends
Putting a Value on Collateral
With the European Market Infrastructure Regulation set to impose margining requirements on parties to over-the-counter derivatives trades, firms are examining their own policies for valuing their collateral, writes Nicholas Hamilton
Regulation special report
June 2013 - sponsored by: Linedata, SIX Financial Information
FPL Releases HFT-Specific FIX Working Document
Fix Protocol Limited (FPL) has announced a new version of the Financial Information Exchange (FIX) language specific to high-frequency trading (HFT), inviting its member organizations to participate in a working document review.
James Rundle: SEF Regulation: The Art of Compromise
The passage of final rules governing how swap execution facilities will operate provides for a new era in how derivatives are traded. James says that the final form of the rules, while prescriptive, also incorporates a measure of compromise and a regard…
Michael Shashoua: E.T.—The Extra-Territorial
Extraterritoriality, an idea that seemed alien at first, is rapidly increasing in importance for data management. Michael provides some explanations and considers how this concept may make an impact on multiple functions at financial services firms.
Nasdaq Fined $10 million for Facebook IPO Failings
The US Securities and Exchange Commission (SEC) has levied a $10 million fine on exchange operator Nasdaq, in response to its system failings while conducting the initial public offering (IPO) for Facebook.
IRD's Editor on 'Extraterritoriality'
Reference data professionals are buzzing about "extraterritoriality," the concept of differences between jurisdictions or countries in how they handle new rules and regulations.
A Look at this Year's BST European Summit
Across the pond in London this week, Incisive Media held its annual Buy-Side Technology European Summit. Anthony looks at the coverage.
It's Not Easy Being Extraterritorial
The concept of extraterritoriality, the differences between national interpretations or iterations of rules and standards, requires firms to redefine it as being the ability to comply in all territories
HSBC CDO: "Reporting Regs Emphasize Need To Manage Data Throughout Lifecycle"
HSBC's Peter Serenita told delegates at the North American Financial Information Summit that firms need processes for managing data throughout the trade lifecycle in order to comply with the US Commodity Futures Trading Commission's new reporting…
UBS Exec Outlines Fatca Strategy
The bank's global head of client data policy and quality assurance told delegates at this week's North American Financial Information Summit that clearly defined data definitions and roles and responsibilities for data users are at the heart of its…
NAFIS 2013 Live: Richard Peach Keynote
IRD editor Michael Shashoua tweets live from keynote presentation by the senior vice president of the Federal Reserve Bank of New York
Much Ado about RFQ
The reduction in the so-called RFQ 5 rule was seen as a shallow victory for the industry during the final rulemaking for swap execution facilities (SEFs) last week, but how much of an issue will it prove to be?
CFTC SEF Rules Garner Mixed Reactions as Tech Picture Gets Clearer
Yesterday’s vote on final rules governing the operation of swap execution facilities (SEFs) by the US Commodity Futures Trading Commission (CFTC) was well-received by a cross section of the industry, but some disagree with elements of the provisions…
NAFIS Preview
Other regulatory issues, risk management and data governance will also find the spotlight, alongside the legal entity identifier, in this year's NAFIS conference on May 21
CFTC Passes Final SEF Rules with an Eye to the Future
The US Commodity Futures Trading Commission (CFTC) passed a series of final rules yesterday, designed to govern how swap execution facilities (SEFs) will operate, and how instruments will trade through them.
IRD's Editor on Rulemaking and Fragmentation
Data managers should be prepared for "Balkanized" fragmentation in data management, due to nation-centric rulemaking, should globalized and harmonized rules efforts fail.
CFTC SEF Debate Sets Up Dodd-Frank Showdown
The US Commodity Futures Trading Commission (CFTC) has set a date of May 16 for a public meeting, over key elements of rules that govern how swap execution facilities (SEFs) will work.
Territorial Rulemaking and the Data Environment
Data managers should consider whether all regulatory politics will be local—or global—and be prepared for either possibility