Regulation
EDM Council: Link Data To Ease Compliance
Regulatory mandates can best be met by linking data from instruments, disclosures, obligations and holdings, according to an official of the industry forum
MEP Says No to Minimum Resting Times
Kay Swinburne, member of the EU's Economic and Monetary Affairs Committee, believes minimum resting times for orders will not make it into the final drafting of the second Markets in Financial Instruments Directive (Mifid II).
WFE Chief Urges Regulators to Embrace Technology
Regulators need to appreciate the positive impact that technology has had upon the capital markets and not fear its use within them, according to Hüseyin Erkan, CEO of the World Federation of Exchanges (WFE).
Demanding Basel III Clarity
Despite postponed and longer-term deadlines, larger firms should be prepared to comply with Basel III rules, but they will need more specifics and final versions from those drafting the regulations
Linedata Preps Mshare for Fatca, Swift MX Changes
In an effort to get ahead of changing regulations that are coming down the pike, Linedata has upgraded its Mshare investor accounting solution to be compliant with Fatca and the upcoming Swift ISO 20022 messaging format.
Mizuho Exec: "Asia Has Opportunity To Create Uniform Approach to Fatca"
The different approaches Asian countries have so far adopted towards the US anti-tax evasion regulation could cause operational complexity for firms in the region, but the postponement of the regulation has created a chance to agree on a consistent…
Soc Gen Exec: "Global LEI Adoption Will Take 20 Years"
The experience of the International Securities Identification Number suggests it will take 20 years for the legal entity identifier to be adopted globally, a Société Générale Securities Services executive has told delegates at the Asia Pacific Financial…
Bank Of China Exec: "Vendors Should Address Data Gaps For Basel II"
Vendors should provide data on both investment-grade and non-investment-grade assets for use in the validation of Basel II risk estimates, a Bank of China executive told delegates at the Asia Pacific Financial Information Conference in Hong Kong this week
The Uncertainty is Gone─Whether You Like It or Not
After months of uncertainty, the electorate in the US has voted for four more years with President Obama, which means that Dodd-Frank isn't going anywhere.
Basel Group Lays Out Long-Term Rules Plans
The Basel III capital adequacy requirements will include several minimum provisions and other provisions taking effect gradually from next year through 2019, the Basel Committee's head states
Erudine Financial Launches Data Management Software
The data services software provider, whose background is in the aerospace and nuclear energy industries, is applying its expertise to financial data supporting LEI, KYC and Fatca compliance operations
Interactive Data Integrates CICI Into Business Entity Service
The data vendor has integrated the Commodity Futures Trading Commission's interim compliant identifier into its Business Entity Service and will link the standard to hierarchical data to give customers a more comprehensive understanding of their risk…
ASIC Considers Kill Switch Introduction
The Australian Securities & Investments Commission (ASIC), plans to release a new set of rules for automated trading this week, chief among which will be the introduction of circuit breakers for brokers.
Nord LB Exec: Use Agile Development To Manage Uncertainty Of Regulations
An executive from the German bank told delegates at this week's Frankfurt Financial Information Summit that agile software development methodologies may be the best way to prepare for new regulations which are still being developed
Nothing Less Than the Best
Francis Gross, vice chairman of the legal entity identifier Implementation Group, discusses strategies for avoiding standards duplication of the standard and tells Nicholas Hamilton they're determined the identifier will fulfill its potential
Nord LB Builds Clearing Business From Dodd-Frank Compliance
The regional German bank plans to use its clearing facilities interfaces to offer clearing services for client banks that lack resources to create their own connections that meet regulatory mandates
Infrastructure Ready for OTC Reforms, FSB Reports
The Financial Stability Board (FSB) has released its latest report on readiness for meeting Group of Twenty (G20) mandate for the reform of over-the-counter (OTC) derivatives trading.
Open Platform: Short Sighted on Short Selling
Today, the ban on short selling in the European Union comes into force. It will have potentially harmful effects on market quality, while producing few benefits.
Strategic Grease
Speakers at an Inside Reference Data webcast on October 17 related progress in gaining acceptance for implementation of the legal entity identifier, writes Michael Shashoua
Michael Shashoua: Basel III’s Fault Lines
The likelihood that the Basel III capital adequacy rules will not take effect in January as planned is not surprising. Michael asks if the delay will allow for extra time to make the rules more effective or is it just a necessary evil to get…
Open Platform: How to Tackle Digital Investigations
Internal investigations, underpinned by a unified investigations solution, can help financial services firms meet the demands of multiple regulations and frameworks. By Frank Coggrave
High-Frequency Trading: Handle with Care
Steve Dew-Jones unearths disquiet among market participants, following the European Parliament’s unanimous vote in favor of European Commission proposals to restrict the practice of high-frequency trading.