Although larger banks are making progress in laying the foundation for the Fundamental Review of the Trading Book (FRTB) requirements, there is still a lot of work to be done, according to a new study by London-based business management consultancy, InteDelta, sponsored by reference data vendor Asset Control. This may not come as a surprise… Read More >>
CFTC Taps Federal Prosecutor to be Enforcement Director
Jamie McDonald to Start CFTC Post on April 10 James McDonald, who has served as a prosecutor in the Southern District of New York, has been named the director of the CFTC’s Enforcement Division, according to the CFTC’s Acting Chairman J. Christopher Giancarlo. McDonald will replace Vince McGonagle, who has been serving as acting director… Read More >>
Convergex to Deploy AWS-Based Ancoa Monitoring
Ancoa’s Platform Relies Upon Amazon Web Services (AWS) Convergex, an agency global brokerage, is using the market surveillance platform from vendor Ancoa to monitor trading activity across its domestic U.S. and international cash equities and options brokerage businesses to bolster compliance with U.S. and international market abuse regulations. The cloud-based deployment uses Amazon Web Services (AWS),… Read More >>
Giancarlo Moves Up to Acting Chairman of CFTC
CFTC Shuffle: Aitan Goelman to Exit As expected, the CFTC designated J. Christopher Giancarlo, a current commissioner, as the acting chairman of the CFTC on January 20. At the same time, just as the Trump team took power Aitan Goelman, a key enforcement director for the futures, options and swaps regulator, announced his plans to… Read More >>
Asset Control Taps Interactive Data for New CEO
Asset Control Names a New CEO Asset Control, a financial data management company, reports the appointment of Mark Hepsworth as chief executive officer. Hepsworth, who will be based in London, has replaced Richard Petti who was appointed in 2013. Before joining Asset Control, Hepworth was president, EMEA, at market data vendor Interactive Data Corp. (IDC),… Read More >>
CFTC Blesses DTCC-SWIFT LEI Utility for Another Year
CFTC Hopes Global LEI System to Be More Operational in a Year The legal entity identifier (LEI) utility operated by the DTCC and SWIFT can continue for another year in the hope that the global LEI system will become fully operational in that time, according to the CFTC, which just issued an order extending the… Read More >>
Banks Still Store Risk-Related Data in Silos: Study
Banks have been keeping risk-related data in silos for decades despite the fact that this has been a well-documented problem. A new study by risk management consultancy, InteDelta, and financial data management solutions provider, Asset Control, shows that in many cases the walls have not been broken down. The survey, which interviewed 13 banks between… Read More >>
Broadridge Adds Fourth Senior Manager from Asset Control
Broadridge Hires for Data Management Experience Lake Success, N.Y.-based Broadridge Financial Services reports that it has added four former Asset Control executives, all of whom have extensive experience with data management software. Robert Revesz has been named senior director, with a focus on reference data client services and implementations, Broadridge says, noting that he joins… Read More >>
New CEO for Asset Control as the CEO for SunGard Financial Systems to Leave in January
Asset Control Fills CEO Post Reference data systems vendor Asset Control has appointed Richard Petti to be its new CEO, succeeding Dean Goodermote, who served as interim CEO after the departure of Phil Lynch earlier this year, officials say.Just prior to his current appointment, Petti was the chief operating officer at WEMA Environmental Technology… Read More >>
