Waters Wavelength Podcast Episode 90: CCOs Talk About AI, Cyber Threats & Real-Time Monitoring
Compliance heads from Guggenheim Partners, Sierra Global Management, J Goldman & Co., and Rimes talk about trends in the regtech space. Anthony and James talk about the Symphony-Bloomberg battle.
This week Anthony and James were at the Buy-Side Technology North American Summit, which was held in midtown Manhattan on October 5. The second half of the podcast is a snippet from a panel that featured chief compliance officers talking about some of the biggest topics in the regtech space. But before that, Anthony and James talk about the chat clash between Symphony and Bloomberg.
Symphony/Bloomberg
2:15 Anthony and James have a laugh at the timing of Bloomberg’s announcement that it is unbundling its chat service from its terminal.
4:20 Why is Bloomberg doing this?
6:00 A look at Symphony’s offering.
7:20 A death blow?
9:00 James and Anthony read some tea leaves.
CCOs and Regtech
14:15 Would you trust machine-learning tools to interpret regulations or other legal data?
17:05 How soon until compliance is less reactionary and more proactive?
19:20 How have cyber threats changed a CCO’s job?
23:15 A question from the audience: If your firm has real-time data for trading are you not setting yourself up for some expectation for why you’re not doing this in real-time for compliance?
[Editor’s note: The recording of this panel was cut up to save time, and to take out parts that were out of context if you weren’t there live.]
Order of speakers at the start of the panel: Joseph Lodato (global head of compliance and surveillance technology—Guggenheim Partners), Craig Peretz (chief compliance, operating and financial officer—Sierra Global Management), Bruno Piers de Raveschoot (chief operating officer, regtech—Rimes), Adam Reback (chief compliance officer—J Goldman & Co).
Contact Info
As is the case with everything we do, we'd love to get some feedback from our listeners. Feel free to reach out to Anthony or James via Twitter or email.
Anthony: @a_malakian; Anthony.Malakian@incisivemedia.com
James: @JimRundle; James.Rundle@incisivemedia.com
Past 10 episodes:
Episode 80: All About Digital Currencies (And Some Libor, Politics & Game of Thrones)
Episode 81: Fintechs in the Regulatory Crosshairs & Brexit Fallouts
Episode 82: An Examination of ESG & What's New With Reg SCI
Episode 83: Systematic Internalizers & RegTech
Episode 84: Quantum Computing & IBOR/Blockchain
Episode 85: Cybersecurity & Dos/Don'ts for PRs
Episode 86: Nasdaq’s Use of Machine Learning & T+2 Comes to North America
Episode 87: Disaster Recovery & Initial Margin Rules
Episode 88: CBOE's Bryan Harkins, SEC Hack, Esma Proposal
Episode 89: JPMorgan's Oliver Harris on Fintechs; T2S Developments
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Asic probe piles pressure on ASX to deliver Chess replacement
But market insiders think late intervention by regulators could even slow down implementation.
Stakes raised for UK bond, EU derivatives tapes after Ediphy clinches win
The pressure is on for TransFICC, Etrading, Finbourne, and Propellant Digital, who are still vying to provide the UK’s fixed income consolidated tape after Esma awarded the EU’s tape to Ediphy and its partners.
Doing a deal? Prioritize info security early
Engaging information security teams early in licensing deals can deliver better results and catch potential issues. Neglecting them can cause delays and disruption, writes Devexperts’ Heetesh Rawal in this op-ed.
SEC pulls rulemaking proposals in bid for course correction
The regulator withdrew 14 Gensler-era proposals, including the controversial predictive data analytics proposal.
Trading venues seen as easiest targets for Esma supervision
Platforms do not pose systemic risks for member states and are already subject to consistent rules.
The Consolidated Audit Trail faces an uncertain fate—yet again
Waters Wrap: The CAT is up and running, but with a conservative SEC in place and renewed pressure from politicians and exchanges, Anthony says the controversial database faces a death by a thousand cuts.
Exchanges plead with SEC to trim CAT reporting requirements
Letters from Cboe, Nasdaq and NYSE ask that the new Atkins administration reduce the amount of data required for the Consolidated Audit Trail, and scrap options data collection entirely.
EU banks want the cloud closer to home amid tariff wars
Fears over US executive orders have prompted new approaches to critical third-party risk management.
