Legislation
American Bankers Assoc. asks SEC: Do you know what you’re doing?
The industry group disagrees severely with regulators’ interpretation of the Financial Data Transparency Act, hinting at possible legal action in a recently published comment letter.
Big questions remain over Dora’s critical third parties
Industry looks for clarity on critical third parties ahead of July 17 regulatory technical standards for the EU’s Digital Operational Resilience Act.
Waters Wrap: Open source and storm clouds on the horizon
Regulators and politicians in America and Europe are increasingly concerned about AI—and, by extension, open-source development. Anthony says there are real reasons for concern.
Court case probes open-source licenses as movement stands at crossroads
The Software Freedom Conservancy’s lawsuit against TV-maker Vizio begins trial in California, raising questions about open-source licenses and the risks posed by adhering to them.
Fighting FAIRR: Inside the bill aiming to keep AI and algos honest
The Financial Artificial Intelligence Risk Reduction Act seeks to fix a market abuse loophole by declaring that AI algorithms do not have brains.
Institutions see everything to play for in UK’s DLT sandbox
Industry welcomes flexible issuance limits, but rues derivatives’ exclusion as a missed opportunity.
Reg ATS: SEC 'bowing to public pressure' in reopening proposal
The US markets regulator has extended the comment deadline on a proposal to regulate Treasuries venues after it faced a storm of complaints from the public and financial industry.
House bill looks to back up SEC market data efforts
Congress is stepping into the US equity market data debate as the DC Circuit Court of Appeals considers dismissing the SEC’s initiatives.
Biden approach could leave US behind on crypto regulation
Long timeline of executive order means international community may move faster than US lawmakers
People Moves: ASX, Nasdaq, Capco, FDIC, and more
A look at some of the key "people moves" from this week, including Edwin Hui (pictured), who joins Capco as executive director and APAC data lead.
EU's AI Regulations Could Lay Blame With CTO
Jo wonders if the EC's approach to regulating AI could adapt existing liability laws—with implications for individuals.
Bloomberg: Regulation Driving Demand for ESG Activities Data
Ratings providers must update their products, as a raft of new regulation drives transparency in the sustainable investing sector.
Firms Struggle with SM&CR Compliance and Preparations
As all FCA-regulated firms will fall into scope of the Senior Managers and Certification Regime by the end of the year, concerns emerge on how to implement the regulation.
Universal-Investment Explores AI to Develop ESG Services
The administrator is looking at how artificial intelligence can be used to extract online sentiment and create customized alternative data services to attract clients.
Daiwa Capital Markets Tackles GDPR Using Multi-Layer Encryption Tools
Investment bank is anonymizing data to meet cross-border data protection and cybersecurity regulations.
Less Than Half of Trade Reports Match Under EMIR
Data from Esma shows that just 40% of swaps trade reports match under two-sided reporting regime.
Bracing for Data Disruption in a No-Deal Brexit Scenario
In February, UK and EU regulators made announcements expected to shed light on the future of data sharing and alleviate some uncertainty post-Brexit, but industry experts say the latest statements fall short of lifting the real burden on affected firms.
No-Deal Data Pacts Fail to Quell Hard Brexit Fears
UK and EU regulators agree to share data post-Brexit, but trading firms say this doesn’t go far enough.
Encompass Adds Bisnode for KYC
The integrated offering will enable Nordic institutions to automate KYC and customer onboarding processes more effectively.
Brexit's Unintended Consequences Could Include Mifid III
Political factors will influence fundamental changes made to EU financial regulation, says lawmaker.