Regulation
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
ASIC: HFT Not to Blame for Price Swings
The Australian Securities and Investments Commission (ASIC) has denied that high-frequency trading (HFT) is damaging the quality of the markets in Australia and instead blamed dark liquidity for negatively impacting prices.
OTC Reporting Rules Commence in Europe
Tough new rules on the levels of disclosure required for over-the-counter (OTC) derivatives trades begin in Europe today, aimed at bringing transparency to a formerly opaque market.
ASIC Proposes OTC Trade Repositories
The Australian Securities and Investments Commission (ASIC) has released a consultation paper proposing the establishment of a trade repository regime for over-the-counter (OTC) derivatives.
Gensler Rebuffs Regulatory Reach Critics in FIA Keynote
US Commodity Futures Trading Commission (CFTC) chairman Gary Gensler has defended elements of the Dodd-Frank Act over perceived extra-territoriality, in his keynote address to the Futures Industry Association's (FIA) annual conference in Boca Raton,…
Drooms Launches Virtual Data Room for AIFMD
The vendor of virtual data rooms says its new product will help fund managers collect and report documentation needed for compliance with the Alternative Investment Fund Managers Directive
DTCC Wins Approval For Japanese Trade Repository
The post-trade services vendor has secured approval to operate a trade repository for over-the-counter derivatives trades in Japan, and will use the same messaging and software capabilities as it does for its other repositories in the US and Europe
US Swap Clearing Officially Begins
The US Commodity Futures Trading Commission (CFTC) announced yesterday that mandatory clearing had begun for certain swap trades entered into after March 11, 2013.
NICE Anticipates CFPB with New Ops Compliance
Israel-based NICE Systems says its Proactive Compliance Suite will help firms manage future new rules from the Consumer Finance Protection Bureau rules, mandated as part of the Dodd-Frank Act.
IRD's Editor on Trans-Atlantic Regulatory Rift
Inside Reference Data editor Michael Shashoua summarizes recent reporting about continuing conflicts over identifier and tax regulations and standards
SEC Mandates Regular Testing of Technology
The Securities and Exchange Commission (SEC) has approved plans to replace voluntary testing of technology with regular, mandatory evaluations.
Legal Entity Identifiers special report
March 2013 - sponsored by: Alacra, Avox, a DTCC Company, CUSIP Global Services, Kingland Systems, Thomson Reuters, SIX Financial Information
Trans-Atlantic Regulatory Storms
Features in the upcoming March issue of Inside Reference Data identify continuing conflicts over identifier and tax regulations and standards, describing how these divert attention from data management improvement possibilities
GBST Aims to Hasten Tax Data Processing
The software and services provider has launched a new rules-based engine that will help firms manage the transactional flows associated with existing and future taxes on financial transactions
Leveraging Identifiers and Systems
Inside Reference Data speaks to Robin Doyle, managing director, regulatory strategy and policy, at JPMorgan, about the implementation of legal entity identifier registration set to begin soon
Taxing Times
Decisions by France and Italy to introduce taxes on financial transactions have created new challenges for data managers who must identify all instruments that are affected. As more European countries plan to roll out similar taxes, firms will have to…
Swift, DTCC Move Forward On LEI Registration
The industry utilities have increased the number of identifiers now registered, as other interested parties such as the FSB's Central Operating Unit also make progress on preparations