Regulation
Open Platform: The Data-Centric Approach
As institutions seek to generate alpha in a low-interest rate environment, there has been an explosion in the types of investments firms are engaging in, including derivatives and alternatives. As a result, many front-office solutions providers have…
Anthony Malakian: ‘Wait and See’ No More
Many US hedge funds were hoping for a new president on the morning of November 7. That did not happen. Anthony wonders whether this means the industry will finally start to see some momentum for stalled IT projects geared toward regulation.
Schapiro Announces SEC Depature
Mary Schapiro, the chair of the US Securities and Exchange Commission (SEC) has announced that she will leave her role at the head of the US regulator on December 14.
UBS Fined $47.5 Million for Rogue Trading Scandal
Investment bank UBS has received a £29.7 million (approximately $47.5 million) fine from the UK Financial Services Authority (FSA), for "significant failings" regarding a rogue trading incident in 2011.
FPL Releases Data Standards for Post-Trade Transparency
Guidelines could be a step towards introduction of a pan-European consolidated tape.
IRD's Editor on Basel III Developments
Inside Reference Data editor Michael Shashoua comments on ongoing developments concerning Basel III capital adequacy rules
Exchange Competition Just a Veneer, Says Aquis Chief
Alasdair Haynes, CEO at the newly formed Aquis Exchange suggests there is much room for improvement within the exchange world in terms of competition and innovation.
Be Thankful for Regulation
In 2013, Anthony says it's imperative that firms look at regulatory changes not as a burden, but as an opportunity.
FircoSoft Moves into India with Peocit's Help
Watchlist filtering solutions produced by the French firm will allow Indian banks to better meet regulatory KYC requirements.
EDM Council: Link Data To Ease Compliance
Regulatory mandates can best be met by linking data from instruments, disclosures, obligations and holdings, according to an official of the industry forum
MEP Says No to Minimum Resting Times
Kay Swinburne, member of the EU's Economic and Monetary Affairs Committee, believes minimum resting times for orders will not make it into the final drafting of the second Markets in Financial Instruments Directive (Mifid II).
WFE Chief Urges Regulators to Embrace Technology
Regulators need to appreciate the positive impact that technology has had upon the capital markets and not fear its use within them, according to Hüseyin Erkan, CEO of the World Federation of Exchanges (WFE).
Demanding Basel III Clarity
Despite postponed and longer-term deadlines, larger firms should be prepared to comply with Basel III rules, but they will need more specifics and final versions from those drafting the regulations
Linedata Preps Mshare for Fatca, Swift MX Changes
In an effort to get ahead of changing regulations that are coming down the pike, Linedata has upgraded its Mshare investor accounting solution to be compliant with Fatca and the upcoming Swift ISO 20022 messaging format.
Mizuho Exec: "Asia Has Opportunity To Create Uniform Approach to Fatca"
The different approaches Asian countries have so far adopted towards the US anti-tax evasion regulation could cause operational complexity for firms in the region, but the postponement of the regulation has created a chance to agree on a consistent…
Soc Gen Exec: "Global LEI Adoption Will Take 20 Years"
The experience of the International Securities Identification Number suggests it will take 20 years for the legal entity identifier to be adopted globally, a Société Générale Securities Services executive has told delegates at the Asia Pacific Financial…
Bank Of China Exec: "Vendors Should Address Data Gaps For Basel II"
Vendors should provide data on both investment-grade and non-investment-grade assets for use in the validation of Basel II risk estimates, a Bank of China executive told delegates at the Asia Pacific Financial Information Conference in Hong Kong this week
The Uncertainty is Gone─Whether You Like It or Not
After months of uncertainty, the electorate in the US has voted for four more years with President Obama, which means that Dodd-Frank isn't going anywhere.
Basel Group Lays Out Long-Term Rules Plans
The Basel III capital adequacy requirements will include several minimum provisions and other provisions taking effect gradually from next year through 2019, the Basel Committee's head states
Erudine Financial Launches Data Management Software
The data services software provider, whose background is in the aerospace and nuclear energy industries, is applying its expertise to financial data supporting LEI, KYC and Fatca compliance operations
Interactive Data Integrates CICI Into Business Entity Service
The data vendor has integrated the Commodity Futures Trading Commission's interim compliant identifier into its Business Entity Service and will link the standard to hierarchical data to give customers a more comprehensive understanding of their risk…
ASIC Considers Kill Switch Introduction
The Australian Securities & Investments Commission (ASIC), plans to release a new set of rules for automated trading this week, chief among which will be the introduction of circuit breakers for brokers.