Regulation & Compliance

Prop trading: RIP?

Once when I was 16, about six months after I started driving to school and work, my heavy foot got me two speeding tickets within 24 hours. A major component of the parental wrath incurred was the loss of my car keys for a fortnight. The thrill (and…

Banking on the FSA

One of my favorite quotes comes from U.S. newspaperman and author Damon Runyon: "The race doesn't always go to the swift nor the battle to the strong, but that's the way the money bets." It doesn't give you that warm fuzzy feeling you get when discussing…

Banks Receive Follow-Up EC Questionnaire on RIC Code

BRUSSELS – European banks have received a second questionnaire as part of the EC investigation into the terms of use of the Thomson Reuters RIC identification code, Inside Reference Data has learned.

A Fine Climate

The reference data community has long been under pressure from ryegulators, but there has been a lack of sizeable fines for failure to meet data requirements. This is now changing. Tine Thoresen discovers that the market can expect to see increased…

XBRL: The Corporate Actions Solution?

The much-discussed data tagging standard, extensible business reporting language (XBRL), is increasingly referred to as an upcoming turning point for the corporate actions industry, helping to standardize announcements at the source level. Carla Mangado…

The Costs of Change

Since the UK's Financial Services Authority recently published a consultation paper on liquidity risk, the topic has appeared on the agenda at industry events. But market participants are concerned about tight deadlines and costly implementations. Carla…