There is little doubt regarding the extent to which the financial services industry has been shaped by regulation in the wake of the global financial crisis more than a decade ago. And while those amendments have largely been successful, they have…
A summary of some of the past week’s financial technology news.
The financial industry is losing faith in the LEI initiative as regulatory mandates remain patchy, but some see hope in SFTR’s unique-issuer LEI. By Mariella Reason
The platform provider is looking at opportunities in securities lending and swaps, as it pursues expansion in Europe.
Industry experts voice concerns regarding the drafting of the regulation and the length of time to prepare, particularly as firms are still waiting on guidelines to be published.
The service is planned to be released later this year, with the software provider also looking to introduce more Sybase customers to its Hana platform.
Bloomberg hopes to offer wider reporting services for regulatory schemes across the globe.
Starting next month the vendor will allow testing for its UTI portal to help with SFTR compliance.
The product is scheduled for release in early 2020.
Third-party partners and clients to begin testing SFTR messaging and connectivity to its Global Trade Repository in two months.
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…
EC likeliness to finalize standards in the coming weeks refocuses the spotlight on SFTR and what technology is available to help firms comply.
SFTR compliance could require five times as many reports than trades.