Regulation
Fenergo Launches Fatca Self-Certification System
The vendor's web portal will help financial institutions manage the collection of forms their clients will have to fill in as part of the US anti-tax evasion regulation
Forthrightness is Such a Bother
Past Editor’s Views have supported the premise that a strong and cohesive global legal entity identifier is worth getting, but the Basel, Switzerland-based international organization taking on the task is sowing confusion and dysfunction
The Battle of Washington DC
US regulators come under repeated pressure from the industry and their fellow agencies.
The Risk FIX: Technologists Eye FPL Risk Guidelines
In June, FIX Protocol Ltd. released a new batch of risk-control guidelines for futures and options contracts executed via algorithms and direct market access, notably setting out a framework for pre-order acceptance checks. Tim Bourgaize Murray finds…
SEC Outlines Tech Roundtable Agenda
Focuses on disaster management and system integrity after Knight trading incident.
James Rundle: Aussie Rules
The Australian financial regulator has become the latest to weigh in on high-frequency and automated trading, publishing its own set of proposals. Along with various other agencies, market events, and near-misses with certain brokers, James Rundle argues…
Michael Shashoua: Global LEI Nuances
The work of regulators concerning the legal entity identifier standard is becoming more mismatched with the changed definition of what will be completed in March. This development makes possible a significant gap in progress on the LEI between the US and…
SEI Kicks Off Form PF Service
Form PF offering entails SEI filing the form electronically on behalf of clients, easing their time, infrastructure, and expense burdens.
CFTC Under Fire from Asia-Pacific Regulators
Singaporean, Hong Kong and Australian bodies express concern over extraterritorial implications for OTC reform.
CFTC Establishes Swap Reporting Requirements
Regulator approves final rules on risk management improvements.
Indian Court Refers Proposed HFT Ban to Regulator
Delhi High Court rules that Sebi must respond to retail action brought against automated trading practices.
Form PF Presents Data Challenges For Funds With Derivatives Positions
The head of risk, analytics and regulation for enterprise content at Thomson Reuters believes data vendors can help firms comply with the Form PF rule by providing underlying security information, terms and conditions reference data and pricing variables
FSB Calls For Demonstrations Of Proposed LEI Solutions
The Financial Stability Board is inviting experts to demonstrate proposed approaches to all parts of the legal entity identifier system at a gathering in Basel, but says the meeting is not connected to the vendor selection process
Swift Develops End-to-End T2S Solutions
Also achieves successful proof of concept for value-added network.
CICI Utility Includes Rigorous Data Validation And $200 Fees
The interim legal entity identifier utility launched by Swift and the Depository Trust and Clearing Corporation enables self-registration and third-party registration at a fee of $200, and includes rigorous data checks
No Time For A Leap Into The Unknown
The idea of practitioners and data vendors sharing the burden of regulatory responsibility sounds attractive, but end-users have valid concerns about disrupting the status quo they often criticize
Extra! Extra! Read All About It!
Australian regulators get ready for a tough line on robot trading.
Sapient Launches Standard For Cleared OTC Derivatives
Sapient's clearing connectivity standard can transmit information about cleared OTC derivatives; aims to reduce risk and operational burden by replacing multiple formats currently in use
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