Citisoft, the London-based buy-side technology and management consultancy, has launched an exit strategy and planning service to help asset managers mitigate the risks of a forced or voluntary exit from an outsourcing agreement.
The UK's asset management industry has responded to regulators' concerns about managing risks associated with outsourcing, but continued change will be needed in the years to come
Gone are the days when buy-side firms could choose an outsourcing service provider and then "leave them to it." Today, the process is much more like a marriage, with both parties in it for the long haul.
The data jungle of modern trading may be confusing, says James, but the UK’s Financial Services Authority is certainly going out with a bang after slamming a complex market manipulation scheme, mirroring wider efforts among national cops to become tech…
Recent moves by regulators to detect market abuse—including the SEC enlisting an HFT prop trading firm to build a monitoring system—are commendable. Victor argues they should go further and bring in people who have run afoul of regulations at some point…
The Royal Bank of Scotland (RBS) has been fined $612 by US and UK regulators over its role in the manipulation of the London Interbank Offered Rate (Libor), becoming the latest bank to be indicted in the ongoing scandal.
Swiss bank UBS has been fined £160 million, approximately $311 million, by the UK Financial Services Authority (FSA) for misconduct relating to the improper fixing of the London and European Interbank Offered Rates (Libor, Euribor).
SunGard will support trading on the new London interest-rate derivatives venue, Nasdaq OMX NLX, through its Stream Derivatives suite.
The UK Financial Services Authority (FSA) has given the green light for Hong Kong Exchanges and Clearing (HKEx) to acquire the London Metal Exchange (LME).
During a panel at the European Trading Architecture Summit (ETAS) in London, delegates from the UK Financial Services Authority said it was unlikely that real-time reporting would be mandated next year.
Gerald Sampson, head of the operational risk review team at the UK's Financial Services Authority (FSA), says banks should be more concerned about accuracy of data than risk aggregation speed.
The Financial Services Authority (FSA) has announced that it will use Nasdaq OMX's Smarts Integrity market surveillance platform to monitor for market abuse.
Authorities impose fines for bank's attempts to abuse benchmark price-setting process
Dawn of the UK Derivatives Code
After hearing first-hand about the European regulatory environment on a recent trip to the other side of the pond, Anthony was left chanting, "USA! USA! USA!"
Reducing the industry’s reliance on spreadsheets is a common aim, but such an undertaking is fraught with obstacles. In the meantime, Faye Kilburn asks what firms should be doing to reduce “spreadsheet risk”
As part of the ongoing reform of compensation schemes, stipulated by political leaders of the G20 nations, deposit-takers will soon be required to demonstrate their ability to generate a single client view file at short notice of a request being received…