The president of the European Central Bank argues for a more ambitious, top-down approach to the capital markets union.
Does the SEC’s recent 10C-1a rule provide sufficient transparency while protecting traders’ short-sale positions from a GameStop-style backlash? The data will be key.
Operations professionals in Europe look across the pond for lessons in managing shorter settlement cycles.
Execs at TP Icap and Societe Generale say the identifier removes a major barrier for crypto acceptance.
Virtu disputes the regulator’s claim that employees had ‘unfettered’ access to consumer data.
Six jurisdictions have set deadlines for firms to implement the derivatives identifier, with more expected to follow.
As the EU pushes through a historic AI Act, its neighbor is left wondering how to keep up.
With political appetite established on both sides of the Channel, attention is turning to the technical details.
The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their 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…
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.