Regulation
Infographic: Major Bank Fines in 2012
A visualization of some of the largest regulatory penalties levied this year.
FSB Seeks Legal Advice On Establishment of LEI Foundation
The Financial Stability Board has asked legal experts to submit recommendations on the most appropriate jurisdiction in which to set up the legal entity identifier foundation and the operational unit it will be responsible for
ASIC Tightens Automated Trading Controls
Australian regulator publishes draft rules on algorithmic trading oversight.
Mixed Messages About LEI
Has the Financial Stability Board allowed enough time with its March 2013 deadline for the legal entity identifier (LEI) to set up local authorities, much less actually assign all the LEIs, as was once expected?
SEC to Host Tech-Focused Rountable
Following Knight's loss event, regulator to home in on automated trading.
Latest FpML Version Addresses CFTC Reporting Requirements
The latest version of the Financial products Markup Language standard includes new templates for the US Commodity Futures Trading Commission's requirements to report to swap data repositories and for real-time reporting purposes
FSB Does Not Expect LEI System To Be Live In March
The Financial Stability Board does not expect the global legal entity identifier (LEI) system to be live and ready to use in March, according to an executive who took part in the inaugural meeting of the LEI Private Sector Preparatory Group in July
JPMorgan Joins Form PF Fray
The JPMorgan solution can be used in conjunction with other third-party solutions.
Square Peg
Canadian firms and regulators are debating whether proposed risk management policy makes the country’s market incompatible with global standards. Michael Shashoua reports on the industry’s preparations
Solving a Solvency II Dilemma
European regulator's announcement that an important code in its capital adequacy directive will not be harmonized through all countries could undermine the regulation itself
Keeping Solvency II Solvent
The final report on the disclosure and reporting requirements for Solvency II has provided some clarification, but it also highlighted new data management challenges, writes Nicholas Hamilton
LEI, Other New Rules Create Entity-Centric Data Management
Thomson Reuters legal entity content executive Tim Lind advances the idea that an entity rather than securities focus will link data silos for better risk management
August 2012: Armageddon? What Armageddon?
So far, 2012 hasn't produced the avalanche of heavy-handed regulations that the industry feared it would. Instead, Victor says the upcoming US election necessitates a more measured approach.
Jake Thomases: A Step in the Right Direction
It’s not often that when it comes to introducing new regulations, the SEC garners appreciable industry support. But as Jake explains, one of the regulator’s most recent pieces of legislation affecting large swaths of the US financial services industry,…
FIBO Semantics Initiative Addresses Interest Rate Swaps
The EDM Council and Object Management Group have presented their FIBO Semantics Initiative to US regulators as a way to gain data consistency and transparency
Fed Publishes FMU Risk Management Rules
Finalized regulation based on IOSCO-CPSS standards.
Single-Dealer Platforms Not Dead as Banks Shape Up for SEFs
SEF aggregation can ensure banks keep hold of clients as regulation looms.
Questions Remain About CICI-To-LEI Transition
The Commodity Futures Trading Commission's (CFTC) choice of the Depository Trust and Clearing Corporation and Swift to provide its interim legal entity identifier (LEI) is unsurprising, but it is not yet clear how the CICI identifier will fit into the…
As We Predicted
Swift, and the DTCC, scored a win supporting their prospects as LEI administrators by gaining the CFTC's designation to run its CICI identifier standard
SEF Survival Depends on Differentiation
GreySpark research outlines the current picture of the swap execution facility landscape.
Swift, DTCC Prepare CICI Portal
Following on their CFTC designation, Swift and DTCC are making changes to their LEI registration portal to accommodate CICI identifiers
Data Agent, Advent Release Joint Form PF Solution
The first Form PF filing date is August 29 for large firms.
CFTC Chooses DTCC, Swift To Provide Interim LEI
The Depository Trust and Clearing Corporation and Swift will provide the US Commodity Futures Trading Commission's interim legal entity identifier when it comes into use in September
Open Season For Instrument Codes?
Proprietary instrument codes, while now more open to outside users, may not become as standardized as the legal entity identifier - or will they? Some uncertainty is now in the mix for the LEI with a loosening of its federated administration model