The Global Legal Entity Identifier Foundation (GLEIF) has officially launched its website, a move the organization calls in a statement “an important milestone in the establishment of the Legal Entity Identifier (LEI) as a key component for a global entity identification management.” GLEIF was established in June 2014. The GLEIF website contains information on the… Read More >>
CFTC Okays WinJammer for Swap CCO Reports
The CFTC’s division of swap dealer and intermediary oversight (DSIO) reports that swap dealers and major swap participants may now submit their chief compliance officers’ annual reports to the CFTC through an online filing system, WinJammer, and do not need to use the commission’s own web portal. The Winjammer software was developed jointly by the CME… Read More >>
Tim Lind on T+2 and Wall Street Fines
As the blizzard bears down on the Northeast, I had the time to review the additional comments from Tim Lind, the global head of financial regulatory solutions at Thomson Reuters. He talked to me last month about his major predictions for 2015 and his main concern was the Legal Entity Identifier standard (http://bit.ly/1yWE8YV). Yet the… Read More >>
SEC’s Director of Investment Management to Exit
The SEC reports that Norm Champ, director of the division of investment management, will leave this month, after five years at the agency. Champ “played a key role in the SEC’s completion of landmark reforms in 2014 to strengthen the $3 trillion money market fund industry. He also led numerous structural and policy changes at… Read More >>
Can Good Come from the Sins of Wall Street?
Thanks to the fines imposed upon Wall Street and insurance firms for their sins during the Great Recession, the New York State government has a $5.1 billion surplus for fiscal year 2016. New York Gov. Andrew Cuomo and other politicians in Albany are scrambling to sort out how to spend the windfall in the best… Read More >>
SEC Adopts Rules for Security-based Swap Repositories
The SEC has adopted rules that will require security-based swap data repositories (SDRs) to register with the regulator, and will prescribe reporting and public dissemination requirements for security-based swap transaction data, officials say. This is not the culmination of rules for reporting of security-based swaps, but only the start. The SEC has regulatory authority over… Read More >>
Wolters Kluwer Analysts Foresee More Regulation
The securities compliance analysts at vendor Wolters Kluwer Financial Services have released a report outlining their predictions for the regulatory outlook in 2015, officials say. Given that only about half of Dodd-Frank has been finalized, in general the report expects that the pace of regulation will continue to increase over the course of the year…. Read More >>
G.O.P. House Votes to Stall Dodd-Frank Provisions
Legislation passed the G.O.P.-dominated U.S. House of Representatives Tuesday that would scale back certain provisions of the 2010 Dodd Frank law — the latest in a series of recent victories for the law’s opponents. The bill – which would exempt end users of derivatives from onerous regulations, remove barriers to foreign regulators for obtaining data… Read More >>
CME Group Launches Education Platform
CME Group, the multi-exchange derivatives marketplace, reports that it has the launched the Futures Institute, an online platform for futures education, trading simulation and market research. “The Futures Institute offers a blend of live instruction, interactive training modules, market research and training,” CME Group says in a statement. “The Futures Institute works with partners across… Read More >>
Q&A: Derivatives Meet the Cloud via Swaps Hub
Mani Pillai, president and founder of fintech startup Swaps Hub, took some time out of his busy schedule to speak with FTF News about this company, which plans to go live with its solutions in the third quarter of 2015. When it launches, Swaps Hub will offer aggregation and distribution services via a cloud platform… Read More >>
