Regulation
IBM lures banks’ critical workloads to financial cloud as ‘threat’ from big tech looms large
Having signed a trio of new banks to its financial services-specific cloud, the computing giant is betting on cutting-edge technologies like confidential computing to entice banks threatened by big tech firms.
Not all digital securities were created equal
Cusip’s Matthew Bastian explains that a tokenized asset offering is not the same as other products that get tagged as being a digital asset. The differences are becoming more important as the capital markets industry continues to explore these new…
IHS Markit soft launches more Risk Bureau capabilities ahead of Libor transition
The newly-acquired data giant targets the sell side with a suite of new risk-based applications meant to help banks with the transition from Libor, which is expected for the end of this year.
Waters Wrap: The ‘nightmare’ of ripping and replacing an OMS (And ESG regulations)
Anthony explores why it is that bank CTOs are so reluctant to switch out an order management system. He also wonders if changes to the SFDR ESG proposal will make the regulation toothless.
Traders: Consolidated tape could drive corporate bond market automation
The EC is pushing for a tape for fixed-income instruments, and market participants say it could speed up electronification, if implemented properly.
This week: Genesis, SmartStream, MarketAxess, Allianz GI, and more
A summary of some of the past week’s financial technology news.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
Funds breathe out as EU regulators ease ESG data rules
Majority of mandatory indicators become optional in final draft of sustainability regulation
UK watchdogs run into security fears
Data security and innovation are always going to be in tension. A new plan to improve regulatory reporting might find itself facing worries over security, Jo says.
People Moves: Acadian Asset Management, TraditionDATA, West Highland, FMSB, and more
A look at some of the key "people moves" from this week, including Andy Moniz (pictured), who has been appointed director of responsible investing at Acadian Asset Management.
Waters Wrap: A dangerous game of Cat & hacker (And reg reporting fees)
Anthony takes a look at the Consolidated Audit Trail and concerns over its security. He also touches on the rapidly changing face of the regulatory reporting marketplace.
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
Esma: Both OTC identifiers will not be required in Emir reporting
Market participants will not have to use both the UPI and the Isin in their submissions to trade repositories, policy officer says.
Has Covid stopped the clocks on FX timestamp efforts?
Budget reallocation may not be the only factor stalling standardization progress, say market participants.
SEC attorney defends personal information in the Cat
Regulators will need biographical information to get the most out of the Consolidated Audit Trail, advisor said, as broker-dealers and exchanges argue over liability for breaches.
Algorithmics charts new course in year-plus after SS&C acquisition
After eight years with IBM, Algorithmics has grown its staff significantly in the year since SS&C bought the risk analytics provider. The vendor is now taking aim at tapping into SS&C’s roster of buy-side users by embedding with the likes of Advent and…
Knowledge graphs show glimpse of full potential
Technologies such as knowledge graphs that look at data in a non-linear manner can not only spot correlations and associations that aid investment analytics, but can also help tackle costly challenges such as change management and regulatory reporting.
EU firms face operational burdens if UK denied data protection adequacy
A no-adequacy decision could create new logistical issues for compliance teams and data managers operating across the UK and the EEA.
MayStreet hires former SEC CAT advisor as industry ‘rethinks’ market data infrastructure
Manisha Kimmel played a key role in getting the CAT running and worked at rival Refinitiv before joining the US regulator.
FRTB–Taking Stock of Where We Are Today
This report distills the new approaches for calculating market risk outlined by the Basel Committee, and how regulators across Asia, Europe and the US plan to roll out FRTB in their markets. In addition, the report includes the inputs from banking…
Fed could require senior management to explain AI models
A new era of accountability might see the Federal Reserve demand model explainability to keep financial system safe.
HKEX targets company disclosure gaps with artificial intelligence
The system monitors annual reports for issuer compliance with listing rules, speeding up a formerly manual job.
S&P/IHS Markit: OPIS Faces Spin-Off; Cappitech Beefs Up Regtech Frontline
Commonalities between the two firms' commodities pricing units bring them under regulatory scrutiny as they move closer to an acquisition deal. At the same time, it appears that IHS will lean into the regulatory reporting space.
Covid Re-Exposed Bond Market’s Liquidity Problems—Is Change Finally Here?
Three fixed-income experts look back on the bond market’s liquidity crisis spurred by the pandemic’s early days, and ponder where regulation and data-quality efforts might next lead the space.