Federal Reserve
People Moves: EDM Council, Jacobi Asset Management, Versana, SIIA, and more
A look at some of the key "people moves" from this week, including Linda Avery (pictured), who joins the EDM Council's board of directors.
Fed hiring more staff to examine cloud providers
The regulator wants to put more “boots on the ground” at firms such as Amazon, Google and Microsoft.
Spot the difference: Why crypto data can’t be treated like traditional market data
As institutional participation in cryptocurrency markets increases, traditional data vendors and new specialist crypto data providers are taking different approaches to supplying necessary data to financial firms.
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: Federal Reserve Bank of New York, DataBP, LME, Azentio, and more
A look at some of the key people moves from this week, including Michelle Neal (pictured), who joins the Federal Reserve Bank of New York as head of the markets group.
Quantum computing: kryptonite for bitcoin and cyber security
Race is on to secure new encryption algorithms for DeFi, before quantum computers become a present danger.
US banks harbor concerns over agencies’ cyber risk rule
The lack of a reporting template means “people can give the least amount of data possible”, warns a bank CISO, stymieing data sharing.
Banks seek greater clarity from regulators on cloud risk
Regulators have been reluctant to specify cloud risks, despite warnings of overreliance on three big providers.
More banks flirt with machine learning for CCAR—but risks persist
The superior computational grunt of neural networks is attractive to lenders, but a lack of explainability presents a significant downside.
Regulators must find a balance with artificial intelligence
There's rapid digital transformation underway in the industry and regulators must get with the game plan while not over-regulating the use of AI.
Former Standard Chartered CDO details AI in capital markets and regulators’ approach
Waters Wavelength Podcast Interview Series: Shameek Kundu, now head of financial services and chief strategy officer at AI startup firm Truera, talks AI, the state of the art of infrastructure, and how regulators are keeping a keen eye on the space.
Banks fear Fed crackdown on AI models
Dealers say the agencies’ request for info could prompt new rules that stifle model innovation.
Fed could require senior management to explain AI models
A new era of accountability might see the Federal Reserve demand model explainability to keep financial system safe.
Banks Warn of Rise in Ransomware Attacks
Banks must improve resilience of remote-working staff, says Wells Fargo financial crime expert
Science Friction: Some Tire of Waiting for Quantum’s Leap
Use cases for quantum computing are piling up—from CVA to VAR. But so are the obstacles
Dutch Banks, Zapata Computing Tap Quantum Computing for Stress Test Projects
ABN, ING and Rabobank are exploring quantum for regulatory stress tests. In the US, Zapata Computing is seeking a patent for the same.
Slow Road to Consensus: CFTC's Behnam Talks Climate Risk
As CFTC commissioner Rostin Behnam’s report on climate risk to the financial system is published, WatersTechnology speaks to Behnam about data, greenwashing, and gaining support in Washington.
Waters Wrap: Exchanges Look to the Cloud (And More on ESG, M&A, and Vaccine Tracking Data)
As exchanges partner with cloud providers to move more functions to the cloud, Anthony wonders if these partnerships could become competitive in the future.
Quants Use Nowcasting As Covid Crystal Ball
Experts from UBS, Unigestion, MIT and QuantConnect discuss the need for nowcasting, and what the alt data boom has made possible in trying to navigate today’s crisis.
On the Rise of SaaS, Cloud & Chaos: BCP in an Unknown World
It’s business as usual—except when it’s not. Traders, investment bankers, asset managers, and the vendors who serve them will operate using their business continuity plans indefinitely. Tech innovations over the last decade have made these plans better,…
Robo-raters Help Banks Vet Vendors for Cyber Risk
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.
The Future of Cloud Regulation: The Authorities Take Notice
A look at how regulators could approach supervising public cloud companies in the future.
ICE Acquires Fixed Income Volatility Index from BAML
The exchange and data provider says purchase of market sentiment index from BAML is a natural next step.
