House Lawmakers Pressure SEC to Postpone CAT
Congress has "serious concerns" about the SEC's ability to safeguard data, politicians say.
Both houses of Congress have expressed concern over the SEC's cybersecurity defenses.
Jeb Hensarling (R-TX), the chair of the powerful House Financial Services Committee, made the demand of Securities and Exchange Commission (SEC) chairman Jay Clayton, following an open hearing on October 4.
The Consolidated Audit Trail (CAT) is a project that aims to provide a single repository of information on market activity and is currently being built by Thesys Technologies after a lengthy competitive bidding process. The system is due to be implemented on November 15, but Hensarling said
More on Regulation & Compliance
Waters Wavelength
Wavelength Podcast Episode 133: IBM on Quantum Computing
IBM’s Kathryn Guarini and Bob Sutor look at how banks are currently experimenting with quantum computers.
Subscribe to Weekly Wrap emails
Most read
- Wavelength Podcast Episode 132: Thasos Group’s CEO Talks Alternative Data
- Wavelength Podcast Episode 133: IBM on Quantum Computing
- SST Awards 2018 Winner's Interview – Broadridge Financial Solutions
- BBOD, GMEX Launch Hybrid Cryptocurrency Derivatives Platform
- Down to the Desk: OMGI Transforms Data Management Strategy
Back to Top