Regulation
SEC Preps Shakeup of US Consolidated Tapes
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
California's New Privacy Rule Will Impact Financial Institutions
The CCPA came into force on Jan 1, and while it exempts some consumer data from its scope, firms that have business data on state residents will be pulled in.
Isda Wants Regulators to use its Model to Draft Rules
The trade association is looking to offer its Common Domain Model to rulemakers.
SEC Democratic Commissioner Slams CAT Delays
Robert Jackson dissented from a new proposed order to modernize exchange data.
Machine Learning Takes Hold in the Capital Markets: Some Examples
WatersTechnology looks at 16 projects in the capital markets that involve machine learning to show where the industry is heading.
This Week: Fidelity Digital Asset, State Street, HSBC, Instinet, INTL FCStone, Quantopian
A summary of some of the past week’s financial technology news.
US Treasury Bureau: Cyber Insurance Premiums Rising
Cybersecurity insurance is getting more expensive as insurance underwriters grapple with a lack of data on this ever-evolving coverage area.
AI and Cloud Remove Barriers to Entry for Real-Time Intraday Liquidity
As increased regulatory reporting obligations add to the pressure financial institutions are under to manage intraday liquidity, centralizing siloed legacy systems into a single automated solution can offer an enterprise-wide, real-time view of liquidity…
Ahead of Test, CAT Faces Hurdles with Reporter Agreement
Sources say broker-dealers have not yet signed an agreement allowing them access to the test environment.
APIs to Help with Regulatory Differences Over Dark Trading
Technologists urged to adopt a more flexible plug-and-play approach using APIs, as concerns grow about the FCA and Esma's differing attitudes toward dark trading.
New York Fed Eyes Machine Learning to Predict Misreporting
The regulator's goal is to decrease the back and forth during reporting and predict misreporting.
Bank of America Using Gamer Tech to Improve Trader Experience
As part of its digitization efforts, the bank is looking to video game technology to allow traders to consume more information.
Exegy Gets Expanded CAT Role Under Finra
The vendor will be providing more data capture and processing services for the CAT than when originally selected as part of Thesys Technologies' failed CAT offering.
Dun & Bradstreet To Introduce Cyber Risk Solutions in 2020
In addition to expanding into cyber risk, the company plans to enhance its focus on ESG and ultimate beneficial ownership (UBO) data.
Regulation by Enforcement: A Worrying Trend
Jo Wright says two recent cases have left industry participants worried that regulators are ruling by enforcement.
The Jitesh Thakkar Case: A Scary Precedent
Jo says that enforcement cases against financial technology developers will have a chilling effect on the industry.
Google Cloud Platform Bends to Regulation at SLA Level
The company has taken a tailored approach to outsourcing contracts as increased scrutiny demands portability and audit rights from cloud service providers.
LSEG Building New Algo-Testing Tool
The exchange group is developing new regtech products while looking to move these offerings to the cloud in 2020.
Universal-Investment Building Amazon-Style Offering For Funds
The Frankfurt-based firm still has to get regulatory approval for the blockchain project, but aims to start beta testing next year.
AFME Calls for pan-European Crypto Asset Taxonomy
The industry body has urged EU lawmakers and stakeholders to become leaders in delivering a common regulatory framework for digital assets.
UBS Taps Machine Learning for KYC
The bank is rolling out a project using machine learning and natural-language processing for KYC and AML activities.
Robo-raters Help Banks Vet Vendors for Cyber Risk
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.
Support Swells for Developer in Spoofing Software Case
Petition for Chicago programmer Jitesh Thakkar nears its goal as industry worries about precedent CFTC enforcement case could set.