European Market Infrastructure Regulation (Emir)
CME Reg Reporting Competitors Vie to Fill the Void Ahead of Withdrawal
With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
This Week: Vanguard, OneMarketData, SS&C, Xignite, Esma, SimCorp, Nasdaq
A summary of some of the past week’s financial technology news.
Bloomberg Expands Regulatory Reporting Suite with RegTek Buy
Bloomberg hopes to offer wider reporting services for regulatory schemes across the globe.
Setting the Standard: Derivatives Industry Looks to Machine-Readable Technology
As regulators and industry bodies ramp up efforts to deploy machine-readable models for derivatives reporting, adoption of industry-wide standards has more than a few challenges to overcome.
Less Than Half of Trade Reports Match Under EMIR
Data from Esma shows that just 40% of swaps trade reports match under two-sided reporting regime.
Vendors Prep for Initial Margin Big Bang
Tech providers are emerging from all corners as the final phases of initial margin rules closes in, which are expected to capture over 1,000 buy-side and sell-side firms over the next 18 months.
Bracing for Data Disruption in a No-Deal Brexit Scenario
In February, UK and EU regulators made announcements expected to shed light on the future of data sharing and alleviate some uncertainty post-Brexit, but industry experts say the latest statements fall short of lifting the real burden on affected firms.
Tech Releases Surge Ahead of Initial Margin Deadlines
The final phases of initial margin rules are expected to capture over the next two years more than 1,000 buy-side and sell-side firms, which technology providers see as potential customers.
Concerns Mount as Trade Repositories Face Brexit Split
Months away from the UK’s departure from the EU, much of the industry is still in the dark over operational requirements post-Brexit, and time is running out.
Cusip Options Adds North American Futures
Cusip Global Services brings North American exchanges' futures into numbering system.
Kaizen Launches Regulatory Reporting Training
The course focuses on Mifid II regulatory reporting and breaks down reference data rules that remain roadblocks for firms.
Illuminated Data: SFTR May Reach Too Far
While waiting for the regulators’ final word on SFTR’s technical specifications, SFT market participants and counterparties are planning their compliance strategies amid concern that the regulation goes too far in its goal to bring shadow banking into…
SFTR May Sharply Increase Transaction Reporting
SFTR compliance could require five times as many reports than trades.
Data Drives Joint Regulatory Reporting Service From Elixirr and Kaizen
Tie-up aims to deliver a comprehensive transaction reporting remediation solution.
Europe’s Mifid Monster Lurches to Life
January 3 went smoothly for many, but the launch of Europe's far-reaching reform package wasn't without problems.
Eurex to Suspend Swiss Operations
Eurex Zurich will cease operations at the end of March, citing conflicts between Mifid II and a new regulatory framework in Switzerland.
Mifid's Architect: Esma Chair Steven Maijoor
Europe’s top markets cop talks to Waters about Mifid II and III, Brexit, no-action letters, clearinghouses and the regulator’s future.
Nex Gains Esma Approval for Post-Brexit Trade Repository
Nex Regulatory Reporting will run an EMIR trade repository in Stockholm, as derivatives markets in Europe prepare for the post-Brexit era.
Merrill Lynch, JPMorgan, Sibos: A Week in Review
John recaps some of Sell-Side Technology's best stories of the week, including (more) blockchain developments, noteworthy fintech graduates, and significant regulatory fines.
Merrill Lynch Slapped with $45 Million FCA Fine for EMIR Reporting Failures
First enforcement action under EMIR taken by UK financial watchdog over exchange-traded derivatives reporting.
Compliance Countdown: On the Home Stretch to Mifid II
September 25 marked exactly 100 days until Europe’s new financial regulatory framework, Mifid II, becomes law. Jamie Hyman gets the lowdown from market participants and observers on whether the industry is ready, what the remaining three months will look…
BNP Paribas Securities Services Extends Collateral Management Business with Tri-Party Service
French custodian enhances collateral management service connecting the buy side, the sell side and central clearing counterparties.
ICBC Taps AxiomSL for Mifid II Solution
The bank is able to use the same platform for multiple regulatory reporting requirements.
Regis-TR Commences Trade Repository Services in Switzerland
This service allows participants to comply with reporting obligations under FinfraG.