Vendors under new scrutiny in CFTC due diligence push

The planned cyber resilience regime will force dealers to subject “critical” tech vendors to stricter audits.

Suppliers of trading technology are nervous of the effect of an impending cyber security rule that would force swaps dealers to tighten due diligence standards, with some vendors suggesting service contracts may be thrown into doubt.

The issue of cyber security in cleared trades rose to the fore earlier this year when trading tech giant Ion Group was compromised by hackers, leaving 42 customers unable to access key services and supervisors demanding answers for the outages which held up

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DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

Preparing for the gathering storm

The Markets in Crypto-Assets (Mica) regulation came into force across the European Union on June 29 to enhance the transparency and integrity of the industry’s burgeoning crypto markets. Travis Schwab, CEO of Eventus, discusses his firm’s Mica strategy…

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