Regulation
Identifying LEI Opportunities and Challenges
The rollout of the legal entity identifier offers firms an opportunity to improve their onboarding processes and bring together valuable data sets, but a successful outcome depends on careful planning, writes Nicholas Hamilton
LEI Working Group to Improve Pre-LOU Communication; Plans for LEI Board Unveiled
A new working group is being set up to improve co-ordination between pre-Local Operating Units following concerns about duplication, and regulators have unveiled their plans for the board of directors of the legal entity identifier foundation in…
Back Office Vendors Talk About What's on Tap
A group of back office vendors at the Futures Industry Association (FIA) New York Expo had a chance to brag about the most exciting product they have on offer, or in the works. This is what they offered up.
DTCC Files Legal Challenge to CFTC's Swap Reporting Rules
The New York-headquartered company says the regulator has introduced anti-competitive rules that will increase costs for market participants by allowing clearing houses to control which swap data repositories they report to
FICWG Eyes Cross-Asset Standardization
The Fixed Income Connectivity Working Group (FICWG) has completed its cash bond trading connectivity specification, and signed a number of inter-dealer brokers, exchanges and dealer-to-client platforms as adopters of the standard, expanding the fixed…
LEI Advocates Must Target Critical Mass
As doubts remain about some jurisdictions' plans for the legal entity identifier, proponents must focus on driving adoption in the majority of major economies
Anthony Malakian: HFT: Enemy of the State
With high-frequency trading existing in a state of uncertainty, the FBI is looking to join the SEC in examining the role algorithmic trading plays in the capital markets. Anthony says this is a good thing.
Morgan Stanley Exec: “LEI Can Make Onboarding More Efficient”
John Sproat, Morgan Stanley's Tokyo-based Asia head of enterprise data, said the legal entity identifier will help prevent firms from unnecessarily onboarding clients multiple times
IRD's Editor on LEI's Reach
The legal entity identifier is playing a part in data quality issues, as it winds its way toward implementation
LEI's Tentacles
The legal entity identifier, and the process to implement it, is making itself a factor in unexpected places, such as data quality and collateral transaction data
Traiana Launches Trade Reporting Connection With LEI Functionality
The post-trade services vendor has launched a connection to trade repositories that helps firms manage legal entity and swap identification requirements
Data Validator Criticizes DTCC's Identifier Database
A Bloomberg data official points to 600 duplicate files—about 1% of the total—in DTCC's database for CICIs, the LEI precursors. DTCC's CDO counters: It's still the most accurate database of its kind
Mizuho Chooses Wolters Kluwer For Regulatory Reporting
Wolters Kluwer Financial Services has a data warehouse that consolidates reference, market and counterparty data, and which will enable Mizuho International and Mizuho Corporate Bank Nederland to automate regulatory reporting
In Mifid II Talks, HFT Curbs Still on the Table
Panelists at TradeTech Europe, organized by WBR, said at the London event today that a range of potential restrictions for high-frequency trading (HFT) are still on the table, when it comes to discussions over the final form of the Markets in Financial…
Fall Aim for Mifid II Agreement
Panelists at TradeTech Europe, organized by WBR, debated the scope of regulatory movements in Europe today, with one representative of the European Commission (EC) stating that the timetable for all discussions around the Markets in Financial Instruments…
Regulation Webcast: Risk and Reward
Questions of extraterritoriality, market surveillance and the role of technology when it comes to dealing with new regulation, took precedence during a recent Waters webcast on the topic, along with elements of risk introduced by the sheer number of new…
65,000 Entities Meet CICI Deadline As Self-Certification Continues
The Depository Trust and Clearing Corporation has issued identifiers to entities all over the world and continues to see others certify data that was submitted on their behalf by third parties
Seeking A Third Way On Pricing
Faced with issues concerning transparency and credibility of pricing and valuations, data managers must reconcile impulses to be brief and comprehensive all at once.
Fidessa Brings Market Abuse Monitor to Europe
Fidessa has announced that its Market Abuse Monitor is now available for its European sell-side clients.
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…