The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit broker dealers’ use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.
With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.
The planned cyber resilience regime will force dealers to subject “critical” tech vendors to stricter audits.
Most bankers prefer to keep to earlier start date, even though it puts continent out of sync with US.
Tri-opoly of cloud vendors “poses systemic risk” to financial sector, say risk managers
A FIX working group is hoping to standardize the way that venues communicate with the sell side when markets fail.
For conventional vendors, banks say due diligence rules will be the toughest challenge
The ‘social’ pillar of ESG has been much overlooked and underserved in terms of reporting and accurate and available data. That’s changing.
As regulators confirm that perimeter guidance applies to tech firms, the focus shifts to enforcement.
New rule requires banks to rerun performance tests on models that recalibrate dynamically.
Canada is one of many countries moving away from opinion-based benchmarks like Libor in favor of alternatives based on observable trade data. TMX and CanDeal are working to deliver a new rate which will take over as Canada’s official loan benchmark next…
Amazon, Google, IBM and Microsoft aren't just cloud providers anymore—and their tentacles are going to spread deep into trading systems going forward.
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section…
Most opt for outright ban, but some seek technological solutions to monitor private messaging.
Generative AI has plenty of uses in finance, but banks must first overcome compliance headaches
Firms need to actively drive trade surveillance compliance above and beyond regulatory requirements, says Joe Schifano.
The EU has finally reached a compromise on a consolidated tape. But Theo wonders if it is too little, too late.
The exchange operator announced its intention to acquire the software firm, which combines AxiomSL and Calypso, in a deal that amounts to its largest acquisition to date.
While large language models are likely to proliferate, those that can develop a solid data infrastructure of taxonomies, ontologies, data sourcing, mapping and lineage will be the ultimate winners, Anthony says.
DTCC’s Joseph Capablanca says that while T+1 will bring benefits to Asia investors, industry participants need to improve ‘behavioral processes’.
Data mapping and getting historical time series data are among the challenges banks face in conducting calculations necessary for FRTB. But they have help.
A new whitepaper from Google finds that existing guidance on the use of AI and ML models for risk management is a start, but leaves room for improvement.
SFDR mandates that asset managers must start publishing ESG data in a few weeks, but sourcing the new metrics has proved challenging, and a host of questions remain.
Experts think cloud services, data providers and software firms are all in regulators’ sights.