AxiomSL, a provider of regulatory reporting and risk management software, has unveiled a solution that “computes haircuts,” to comply with the SEC’s regulatory capital and reporting rules for securities broker-dealers, the company says. The solution “assures transparency, traceability and auditability enabling securities broker-dealers to source, calculate, analyze, and generate reports to meet compliance requirements of… Read More >>
NorthPoint’s Head of Sales Joins Gresham
Reconciliation technology vendor Gresham Computing has hired Shaleen Dastur from NorthPoint Solutions and appointed her senior sales executive, responsible for the sales of Gresham’s Clareti Transaction Control (CTC) system in North America, Gresham officials confirm. Dastur, who joined the London-based Gresham in July 2014, has a decade of financial services industry experience in selling software… Read More >>
Lombard Upgrades Colline Platform
Financial technology provider Lombard Risk Management has released a new version of Colline, the company’s collateral management, clearing, inventory management and optimization solution, officials say. “There are many regulatory issues such as Dodd-Frank/EMIR, IOSCO and Basel III that firms need to adhere to,” says John Wisbey, CEO, Lombard Risk in a prepared statement. Colline aims… Read More >>
eClerx Launches KYC Solution
Increased regulatory scrutiny and heavy fines are motivating financial services firms to bolster know your customer (KYC) infrastructures, says Alan Paris, principal, financial services for eClerx, a business processing vendor that has just released its proprietary eClerx KYC solution. The regulatory pressures domestically and overseas constitute the primary driver for firms to revamp KYC systems,… Read More >>
JPMorgan Targets ‘Too Big To Fail’ CCPs
Do central counterparty clearing houses (CCPs) take seriously enough the suggestion — made by many analysts and market participants — that they might become “too big to fail?” That question has hung in the air for years now, ever since post-crisis regulatory reforms assigned CCPs a key role in derivatives markets. Attempts to provide an… Read More >>
Misys: Regulatory Reporting Still Dominates
Q: What SWIFT-related product trends have you seen among your clients for this year? A: The big trend we’ve seen from our European financial institutions, as well as a few NA [National Association] corporations with European subsidiaries, is the requirement for regulatory reporting. Not only is there a need for service providers to route information… Read More >>
Thomson Reuters Bolsters KYC Service
Market data and news giant Thomson Reuters has launched an “end-to-end user interface” to support a know your customer (KYC) on-boarding and remediation managed service offered via the identity clearinghouse Accelus Org ID, which launched in March, officials say. Accelus Org ID can be used to create an accurate identity record that works as a… Read More >>
PIMCO Envisions ‘No Fails in Collateral’
(Editor’s note: Bond giant Pacific Investment Management Company, a.k.a. PIMCO, successfully “championed the use of electronic, digitized settlement instructions for the movement of collateral,” says Cynthia Meyn, executive vice president for operations at PIMCO. Meyn lists “electronically agreeing collateral, instructing collateral and ultimately net settling collateral at the DTCC on a same-day basis,” as one… Read More >>
A New Way to End ‘Too Big to Fail?’
Four years on, is the GOP right about Dodd-Frank missing its biggest target – financial services institutions that are “too big to fail?” Are Republicans and many Democrats correctly concerned that Dodd-Frank has come to mean a blank check for Wall Street? In a new report timed for the fourth anniversary of the passage of… Read More >>
New Derivatives Rules to Burden Ops
Josh Brodman must be a little nostalgic for the time—only about a year ago—when the fine print of the clearing and execution reforms for derivatives trading was still being finalized. At the time, he was an operations manager for a multi-strategy, event-driven fund with several billion under management. Life is much different now for Brodman,… Read More >>
