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THE DALY CLOSE: Building the Investment Bank 2.0

OPINION

With the new US presidential administration taking over this month, Wall Street can expect a raft of new regulatory oversight. It's doubtful that it will be as onerous as Sarbanes-Oxley but there is serious discussion about moving from today's prescriptive regulations to principles-based regulation, which is the norm in the UK.

Should such a move take effect, the larger multinational firms will be able to leverage their experience of moving their European businesses from prescriptive to

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

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