Regulation
Multi-Bank Group Aims for Client Enablement Standardization
A group of major sell-side institutions have launched a working group, the Trading Enablement Standardization Initiative (TESI), in order to facilitate client and trader enablement on electronic trading platforms.
The Road to Shorter Settlement Cycles
In March 2012, the wheels were set in motion for a pan-European Union move to shorter settlement cycles (SSC), following the publication of the proposed regulation for Central Securities Depositories Regulation for improving settlement efficiency (CSDR)…
IRD's Editor Updates LEI Developments
Industry experts are pointing out potential problems with the legal entity identifier
The FCA Wants You to Know That It Knows Technology Exists
With the split of the UK Financial Services Authority (FSA) into two component parts rapidly approaching, one arm has released its business plan and risk outlook, where it touches on technology in strokes so broad they're almost invisible.
Credential Powers Canadian Self-Clearing with Broadridge
The wealth manager will use Broadridge's Dataphile securities processing and advisor desktop platform as it converts its brokerage arm, Credential Securities, to IIROC (Investment Industry Regulatory Organization of Canada) self-clearing.
GreySpark: HFT Growing Despite Regulation
High-frequency trading (HFT) continues to grow in popularity, despite regulatory efforts to curb the practice, according to a report by London-based consultancy GreySpark.
Mapping LEI Coordinates
Identification administrators are concerned about how the legal entity identifier can be coordinated with other key identifiers. That coordination is becoming a potential tangle in LEI implementation
FSB Names Three Subcommittee Leaders
Agustin Carstens will chair the Assessment of Vulnerabilities subcommittee responsible for monitoring the global financial system. The FSB also named Daniel Tarullo of the US and Ravi Menon of Singapore to lead subcommittees dealing with policy and…
Regulators Take Aim at Market Malfeasance with Industry-Supplied Surveillance System
The SEC has shown global regulators the way with its adoption of Tradeworx’s Midas market data feed and plans for software testing and a consolidated audit trail. But is it too little, too late? By Steve Dew-Jones
ASIC: HFT Not to Blame for Price Swings
The Australian Securities and Investments Commission (ASIC) has denied that high-frequency trading (HFT) is damaging the quality of the markets in Australia and instead blamed dark liquidity for negatively impacting prices.
OTC Reporting Rules Commence in Europe
Tough new rules on the levels of disclosure required for over-the-counter (OTC) derivatives trades begin in Europe today, aimed at bringing transparency to a formerly opaque market.
ASIC Proposes OTC Trade Repositories
The Australian Securities and Investments Commission (ASIC) has released a consultation paper proposing the establishment of a trade repository regime for over-the-counter (OTC) derivatives.
Gensler Rebuffs Regulatory Reach Critics in FIA Keynote
US Commodity Futures Trading Commission (CFTC) chairman Gary Gensler has defended elements of the Dodd-Frank Act over perceived extra-territoriality, in his keynote address to the Futures Industry Association's (FIA) annual conference in Boca Raton,…
Drooms Launches Virtual Data Room for AIFMD
The vendor of virtual data rooms says its new product will help fund managers collect and report documentation needed for compliance with the Alternative Investment Fund Managers Directive
DTCC Wins Approval For Japanese Trade Repository
The post-trade services vendor has secured approval to operate a trade repository for over-the-counter derivatives trades in Japan, and will use the same messaging and software capabilities as it does for its other repositories in the US and Europe
US Swap Clearing Officially Begins
The US Commodity Futures Trading Commission (CFTC) announced yesterday that mandatory clearing had begun for certain swap trades entered into after March 11, 2013.
NICE Anticipates CFPB with New Ops Compliance
Israel-based NICE Systems says its Proactive Compliance Suite will help firms manage future new rules from the Consumer Finance Protection Bureau rules, mandated as part of the Dodd-Frank Act.
IRD's Editor on Trans-Atlantic Regulatory Rift
Inside Reference Data editor Michael Shashoua summarizes recent reporting about continuing conflicts over identifier and tax regulations and standards
SEC Mandates Regular Testing of Technology
The Securities and Exchange Commission (SEC) has approved plans to replace voluntary testing of technology with regular, mandatory evaluations.