Regulation
Large Firms Select Trax for ARM and APA Services
Pan-European buy- and sell-side clients choose Trax's ARM and APA solutions for Mifid II compliance.
Know Your Climbing Costs: Big Firms Report Average $150M Spend on KYC
Costs associated with KYC continue to climb—a Thomson Reuters survey shows large financial institutions are spending $150 million on compliance in 2017.
Regulators' Acceptance of Fintech Should Encourage Adoption
Regulatory agencies are starting to take the lead in working with financial technology firms, panelists said.
Vendors Accused of Over-Promising on Liquidity Rule
Two buy-side risk officers believe that the SEC put too much faith in the vendor community when making its liquidity rules, specifically for fixed income.
Industry Vets Harris, Toomey-Wilson Create Data Compliance Consultancy
Toomey-Wilson and Harris say their many years of experience can assist firms that lack expertise around dealing with data licensing, audits and compliance issues.
Industry Adds Voice to Calls for CAT Delay
Confidence in the wide-ranging project has been dented by recent cybersecurity incidents.
FCA: Mifid II Enforcement Starts Jan. 3, Will Be Targeted
UK regulator's Mifid coordinator underscores message from European Commission earlier this month: no further delays to deadline. However, enforcement will be targeted.
Regulators Warn on Lack of "Basic" Cybersecurity Protections
Panelists at the Sifma Annual Meeting felt attacks could be prevented if cybersecurity was treated as an integrated business process.
DTCC to Enhance Global Trade Repository for SFTR
The Depository Trust & Clearing Corporation is prepping for SFTR by enhancing GTR to support securities financing transaction reporting across Europe.
Merrill Lynch Slapped with $45 Million FCA Fine for EMIR Reporting Failures
First enforcement action under EMIR taken by UK financial watchdog over exchange-traded derivatives reporting.
Esma Panel: Arrival of Mifid II will be “Like Christmas”
Esma conference panelists discuss how the trading and market infrastructure will be affected by incoming regulatory changes.
European Commission: Post-Crisis Regulation Must Focus on Fintech
Fintech developments and implementation requires greater regulatory supervision, according to the European Commission's vice president.
Four G-Sibs Pick AxiomSL for AnaCredit Reporting
Banks have already completed test submissions stipulated by Germany and Ireland.
Esma Launches Second Phase of Reference Database
Next phase of FIRDS gives market participants access to reference data needed to comply with Mifid II and Mar.
October 2017: Watchdogs Sharpen Their Tech Teeth
We’re all used to financial institutions complaining about the burden of regulation and the amounts of data they must collect, maintain and report. But spare a thought for the organizations that will have to capture and analyze more data than any single…
AI-Spy: Machines Close in on Pricing Manipulators
Artificial intelligence is gaining traction among regulators, exchanges and financial firms sifting through massive amounts of data to spot potential pricing manipulation. Kirsten Hyde asks whether the industry is ready to go all in on AI.
Compliance Countdown: On the Home Stretch to Mifid II
September 25 marked exactly 100 days until Europe’s new financial regulatory framework, Mifid II, becomes law. Jamie Hyman gets the lowdown from market participants and observers on whether the industry is ready, what the remaining three months will look…
Regulators 2.0: Embrace Tech or Be Overwhelmed by Data
To handle the massive increases in data volumes expected from Mifid II regulation and the US Consolidated Audit Trail, regulators are examining their own data governance and technology use, report Joanne Faulkner and Kirsten Hyde.
Waters Wavelength Podcast Episode 91: Sibos Preview; M&A Activity; Blockchain's Evolution
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.
Bloomberg, Trax, LSE Among First Approved as ARMs
Financial Conduct Authority has started issuing approvals to entities that applied to act as ARMs under Mifid II.
Millennials Possible Threat to Cybersecurity
As digital natives, the younger generation is not used to being given guidelines on how to use technology within a firm, panelists said.
Mifid II and the changing European market structure
Sponsored webinar: Tradeweb
Demanding Regulators Drive Surveillance Tech Requirements
Increasingly advanced watchdogs have "upped the ante" for trading firms, compliance chiefs say.
Trade Informatics Builds out Research Analytics Suite
In addition to bolstering its research capabilities, the company is also turning to artificial intelligence to revamp its trading platform.