Regulation
Sapient Connects CMRS Platform to DTCC
Sapient Global Markets has created a direct link between its compliance management and reporting system (CMRS) and the Depository Trust & Clearing Corp.'s (DTCC’s) Swap Data Repository (SDR).
IRS Publishes Draft Fatca Registration Form
The draft of the form firms will have to complete as part of the Foreign Account Tax Compliance Act asks them to supply entity information and choose between four options to describe their status in relation to the US anti-tax evasion regulation
Taking Responsibility for Entity Identification
With the go-live date for the legal entity identifier system still far off, a growing number of pre-local operating units are set to begin issuing entity identifiers. Nicholas Hamilton finds out why they have taken on the task, what challenges they face…
Rising Enthusiasm for New Data Sources
Features in the April issue of Inside Reference Data find a common subtext of identifying new sources and types of data that are catching on
Surveying the Social Data Frontier
New guidance from US regulators on what is permitted for communicating via social media could create a new source for securities reference data for data managers to consider. Michael Shashoua reports on the significance of the SEC and Finra moves, as…
GoldenSource Upgrades Products To Facilitate LEI Usage
The enterprise data management software vendor has begun mapping to the legal entity identifier, which its customers can choose to use as an additional entity identifier or as their primary entity identifier
Officer on Deck
The face of UK regulation changed yesterday.
Navigating Regulatory Reform After The Financial Crisis Webcast
Waters gathered leading industry experts for a webcast on March 27, 2013 to discuss the operational and technology challenges facing firms in light of the largest regulatory overhaul in recent memory, which is radically changing the way in which global…
ISITC Groups Drafting MBS, Portfolio Value Guidelines
ISITC working groups plan to collaborate with Sifma to meet a June deadline on mortgage-backed securities margin requirements, and to revisit total portfolio value standards. ISITC as a whole will continue work begun last year on the legal entity…
James Rundle: The Third Time’s the Charm
Talk about a third iteration of the Markets in Financial Instruments Directive may be slightly premature, but it’s more than background noise at the moment. Given the weight of regulatory reform under way, James asks if the industry can take more…
Michael Shashoua: Solving For LEI
Those with vested interests in how the legal entity identifier implementation is carried out appear to be holding their ground, complicating the path to functionality. Michael channels a growing and raging online debate.
Max Bowie: Fighting Fragmentation: The Rising Cost of Connecting the Dots
Regulator-led trading market structure changes also require regulator-mandated changes to data consolidation. But without that—or at least, universal support from participants—Max wonders whether such initiatives are doomed to being expensive headaches…
Getting Ready To Meet The CICI Deadlines
Two important dates for adopting the US precursor to the legal entity identifier will soon be here. JP Morgan's Robin Doyle presents the steps firms need to take in response
Multi-Bank Group Aims for Client Enablement Standardization
A group of major sell-side institutions have launched a working group, the Trading Enablement Standardization Initiative (TESI), in order to facilitate client and trader enablement on electronic trading platforms.
The Road to Shorter Settlement Cycles
In March 2012, the wheels were set in motion for a pan-European Union move to shorter settlement cycles (SSC), following the publication of the proposed regulation for Central Securities Depositories Regulation for improving settlement efficiency (CSDR)…
IRD's Editor Updates LEI Developments
Industry experts are pointing out potential problems with the legal entity identifier
The FCA Wants You to Know That It Knows Technology Exists
With the split of the UK Financial Services Authority (FSA) into two component parts rapidly approaching, one arm has released its business plan and risk outlook, where it touches on technology in strokes so broad they're almost invisible.
Credential Powers Canadian Self-Clearing with Broadridge
The wealth manager will use Broadridge's Dataphile securities processing and advisor desktop platform as it converts its brokerage arm, Credential Securities, to IIROC (Investment Industry Regulatory Organization of Canada) self-clearing.
GreySpark: HFT Growing Despite Regulation
High-frequency trading (HFT) continues to grow in popularity, despite regulatory efforts to curb the practice, according to a report by London-based consultancy GreySpark.
Mapping LEI Coordinates
Identification administrators are concerned about how the legal entity identifier can be coordinated with other key identifiers. That coordination is becoming a potential tangle in LEI implementation
FSB Names Three Subcommittee Leaders
Agustin Carstens will chair the Assessment of Vulnerabilities subcommittee responsible for monitoring the global financial system. The FSB also named Daniel Tarullo of the US and Ravi Menon of Singapore to lead subcommittees dealing with policy and…
Regulators Take Aim at Market Malfeasance with Industry-Supplied Surveillance System
The SEC has shown global regulators the way with its adoption of Tradeworx’s Midas market data feed and plans for software testing and a consolidated audit trail. But is it too little, too late? By Steve Dew-Jones