Standards
BATS Document Suggests LULD Delay
A timetable for the implementation of limit-up limit-down (LULD) measures, a form of market circuit breakers in the event of wild price swings, has been published by BATS, suggesting that the enactment date of February will be postponed to April.
CTI, Markit Launch Fatca Compliance Tool
Compliance Technologies International (CTI) and Markit have launched Fatca Service Bureau to help financial institutions with compliance to the Foreign Account Tax Compliance Act (Fatca), which came into force at the start of the year.
State Street Rolls Out Compliance Assistance
State Street has developed a suite of services to assist clients with compliance testing and reporting requirements for the US Commodity Futures Trading Commission’s (CFTC) rule amendments announced last year.
Thomson Reuters Launches Fatca Compliance Suite
Thomson Reuters has launched a compliance suite to help firms to get in line with the US Foreign Account Tax Compliance Act (Fatca).
JPMorgan Consolidates Operations with Single Platform
JPMorgan has launched a single electronic trading platform, consolidating more than 30 individual platforms onto a single user interface.
DTCC Now Disseminating Swap Prices and Data
The Depository Trust and Clearing Corporation (DTCC) has announced the successful receipt of swap prices and transaction data at its DTCC Data Repository (DDR).
OTC Participants Self-Report a Lack of Readiness
A survey by London-based consultancy Rule Financial has quantified, albeit in an unscientific way, what a feature for the November issue of Waters revealed anecdotally: Financial institutions are unprepared for over-the-counter derivatives (OTC) reform…
OTC Participants Self-Report a Lack of Readiness
A survey by London-based consultancy Rule Financial has quantified, albeit in an unscientific way, what a feature for the November issue of Waters revealed anecdotally: Financial institutions are unprepared for over-the-counter derivatives (OTC) reform…
UBS Stung with Record Fine for Libor Manipulation
Swiss bank UBS has been fined £160 million, approximately $311 million, by the UK Financial Services Authority (FSA) for misconduct relating to the improper fixing of the London and European Interbank Offered Rates (Libor, Euribor).
ASIC Picks First Derivatives Platform for Market Surveillance
The Australian Securities and Investments Commission (ASIC) has chosen Delta Stream from Northern Ireland-based technology vendor First Derivatives as its new market surveillance system.
Iowa BD Turns to SunGard for Social Media Surveillance
Iowa-based broker-dealer Berthel Fisher & Company Financial Services announced today its adoption of SunGard's Protegent Social Media Surveillance for regulatory compliance and monitoring of its advisors' online activity.
The Challenges in Developing a Culture of Compliance
At Monday's Waters USA conference, held in Midtown Manhattan, regulation was on almost everyone's lips. From panels on Big Data to cloud to over-the-counter (OTC) derivatives to transaction cost analysis (TCA) to risk management, the word "regulation,”…
RBS’ Eddie: Capital Requirements Set to Get Harder
Capital requirements have been daunting to address, and will only get harder with Basel III, says Alan Eddie, who runs risk technology for the Americas for the markets and investment banking businesses at the Royal Bank of Scotland, speaking at the…
Chilean Pension Fund Taps Princeton Financial Systems for Compliance
Administradora de Fondos de Pensiones (AFP) Habitat, a Chilean pension fund, has chosen Princeton Financial Systems to help with investment compliance.
Swift: Compliance Costs Doubling Every Four Years
Operational costs of compliance for sell-side organizations are doubling every four years, according to a new whitepaper released by Swift today.
Omgeo Releases Solution for CFTC Mark-to-Market Requirements
ProtoColl will enable sell-side firms to meet daily mark-to-market and counterparty reporting mandates for their derivative positions.
Elisse Walter Named SEC Chair, Likely to Seek Greater Coordination Abroad
Democratic commissioner Elisse Walter, who served as acting chairwoman in early 2009, takes over at the helm of the SEC in December.
Compliance, Common Sense and Condemnation
Refreshingly open and practical conversations were, for me, the key take away from this year’s European Trading Architecture Summit (ETAS).
SocGen Exec: Regulatory Conflict Causing Confusion at Banks
Panelists at the European Trading Architecture Summit (ETAS) in London yesterday said that the extra-territorial reach of US regulation, such as the Dodd-Frank Act and its associated rules, means that banks in other countries are facing serious issues of…
FSA: Next Year "Ambitious" for Real-Time Regulatory Reporting
During a panel at the European Trading Architecture Summit (ETAS) in London, delegates from the UK Financial Services Authority said it was unlikely that real-time reporting would be mandated next year.
Lombard Risk Releases Compliance Tool
David Wilford has been tapped to head the dedicated product team, as well as future compliance endeavors.
Advise Reporting Tools Made Available on Abacus Private Cloud
Consensus RMS is used to file regulatory forms requiring high granularity, like Form PF.
Where Next for Risk and Compliance?
While tools and trinkets are pretty, the key to proper regulatory compliance is attitude and information.
Risk and Compliance webcast
Waters gathered leading industry experts for a webcast on November 8, 2012 to discuss how firms are working towards a tightening of risk management frameworks to deliver near-real-time, enterprise-wide risk views