Regulation
Pre-LEI Issuers Respond to Demand for Consolidated Files
The London Stock Exchange has begun issuing consolidated files of pre-legal entity identifier data from all pre-local operating units and WM Datenservice plans to follow suit, following demand from data users for a single source of pre-LEI data
Irish Stock Exchange Launches Pre-LOU
The Irish Stock Exchange has begun issuing pre-legal entity identifiers, harnessing key capabilities of the Ex-Stream system it uses to service its international listings business
SuperDerivatives Applies to the CFTC for SEF Status
Derivatives pricing and risk management software provider SuperDerivatives has announced today it has filed an application with the US Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF).
LEI Administrator Set to Name Board Members, Interim System Units
The regulatory oversight committee of the legal entity identifier project plans to reveal in coming days the board of directors of the LEI foundation and the results of applications by local operating units to become part of the interim LEI system
ISITC Works To Manage Fatca Compliance
With less than a year until Fatca comes into force, Nicholas Hamilton speaks to Paul Wiltshire of ISITC Europe about how the trade association dedicated to improving operational efficiency can help the industry prepare for the US anti-tax-evasion…
Michael Shashoua: Focusing on Fatca’s Readiness
The US Fatca foreign tax compliance regulation has received significant recent attention, although not because firms falling under its purview are ready to comply with its requirements. Michael says it’s time to turn that attention into action and…
James Rundle: The Gray Debate Around T2S
The Target2–Securities debate has shifted from asking whether it will happen, to when it will happen. The deadlines seem to be set in stone, but many question whether they’re as solid as they seem. This is a dangerous game, James says, considering the…
SIX on Financial Transaction Taxes' European Impact
SIX Financial Information's Darren Marsh explains how the rollout of financial transaction taxes in Europe is affecting data management
Wells Fargo's Johnson Discusses Regulations' Effect on Valuations
Michael Shashoua speaks to Daniel Johnson of Wells Fargo Global Fund Services about the challenges for valuations teams created by AIFMD and IFRS 13
HSBC's Johnson Outlines Lessons Learned from New Regulations
Chris Johnson of HSBC Securities Services shares the lessons he has learned from his close analysis of regulatory announcements in recent years
Thomson Reuters, ICAP Gain Temporary SEF Approval
The US Commodity Futures Trading Commission (CFTC) has granted Thomson Reuters and ICAP temporary registration to operate swap execution facilities (SEFs).
On SEFs, a Delay Seems Necessary
With next week's swap execution facility (SEF) compliance deadline looming, the industry is fighting hard to get the date moved back. When you consider the spate of IT glitches that have already hit Wall Street, Anthony agrees that a delay is necessary.
Data Execs: "We Need Consolidated Pre-LEI Files"
As the number of utilities issuing pre-legal entity identifiers increases, delegates at the European Financial Information Summit called for a single source they can use to find all of the pre-LEI data they need
Citing Tech Concerns, Sifma Pushes Back on SEF Deadline
Sifma has sent out a final plea to regulators to push back next week's swap execution facility (SEF) registration and compliance deadline—largely because technology questions remain.
CFTC Approves Tullett Prebon’s SEF Status
The US Commodity Futures Trading Commission (CFTC) has granted interdealer broker Tullett Prebon temporary registration to operate as a swap execution facility (SEF).
FIX Creates Global Post-Trade Working Group
FIX Trading Community, the industry standards body, has combined its Americas Buy-side Post-Trade working group with its EMEA Post-Trade working group to form the Global Post-Trade working group. The decision to merge the two existing groups was made in…
If Deadlines Aren’t Fixed, They’re Guidelines
Running out of time on derivatives reform.
Cost, Latency, Regulation: IMD's Editor on Hot Topics at IMD Events
Inside Market Data editor Max Bowie reflects on the themes from recent conferences, and predicts that the impact of regulation will be high on the agenda at next week's European Financial Information Summit and other upcoming IMD conferences.
IRD's Editor on Fatca's Effects on Data Operations
Inside Reference Data editor Michael Shashoua updates developments with Fatca tax regulation and how that will affect data operations
T2S and CSD Regulation to Obviate National Depositories
The double-tap effect of both the Target2-Securities (T2S) project and the implementation of the Central Securities Depositories (CSD) Regulation will spell the end of single-nation depositories, according to Jean-Michel Godeffroy, director general and…
Swift Helps BAML Cut Cost of ISO 20022 Migration in Japan
Bank of America Merrill Lynch will benefit from a period of free messaging after becoming an early adopter of SwiftNet for its connection to the Japan Securities Depository Centre
Raising Fatca Stakes
Data operations necessary for compliance with the US foreign accounts tax law, even with a delayed deadline, still need a lot of work, Michael Shashoua reports. Firms are considering the structure of their data repositories and approach to client…
Data Auditing: Finding the Needle in a Haystack
As auditing demands increase, so does the need for storage solutions that can quickly retrieve trade data from exact moments in time.
SEC Calls for Kill Switches Post-Nasdaq Outage
US Securities and Exchange Commission (SEC) chair Mary Jo White met with top industry executives today following the technology glitch on August 22 that saw the trading of Nasdaq-listed securities halted for three hours.