The International Swaps and Derivatives Association (ISDA) and Markit, a London-based provider of financial information services, report the launch of the European Market Infrastructure Regulation (EMIR) clearing classification tool on ISDA Amend, the ISDA and Markit online service that facilitates compliance with “certain EMIR and other regulatory requirements.” Specifically, the tool “enables derivatives users to… Read More >>
Bancolombia to Deploy FATCA Solution
AxiomSL, a provider of regulatory reporting and risk management solutions to the financial services industry, reports that Bancolombia, Colombia’s largest bank, will be deploying AxiomSL’s Foreign Account Tax Compliance Act (FATCA) solution. The FATCA solution is a “scalable and cross-border tax reporting platform which will leverage the bank’s reporting process to ensure on-time compliance with… Read More >>
UnaVista Hires from Axiom SL
UnaVista, the London Stock Exchange Group’s matching, reconciliation and regulatory reporting platform, reports that Robert Grant has joined as head of business development, software for Americas. Grant has 25 years of industry experience and most recently served as senior vice president of sales at Axiom Software Laboratories, “where he also led marketing and business development… Read More >>
Dutch Firm Picks SunGard’s Investran
Brabant Development Agency Capital, an investment management company focused on the regional economic structure in the Province of Noord-Brabant, The Netherlands, has picked Sungard Financial Systems’ Investran, to “help enhance data and investment transparency across front- and back-office stakeholders and processes,” according to a SunGard statement. Brabant will employ Investran’s “accounting, deal flow, relationship management,… Read More >>
Fenergo’s New COO from Adobe
Fenergo, the Dublin, Ireland-based provider of client lifecycle management software for investment banks, capital market firms and private banks, reports the appointment of Colm Heffernan as chief operating officer (COO). Industry-veteran Heffernan joins Fenergo from Adobe Systems, “where he spent 15 years in a variety of senior roles,” according to a statement. Most recently, he… Read More >>
Gresham Computing Takes On Transaction Reporting
City of London-based Gresham Computing plc, a provider of transaction control solutions, reports the launch of Clareti Transaction Control (CTC) Transaction Reporting. The CTC Transaction Reporting solution allows a financial institution to “verify and validate that trades reported to trade repositories comply with the requirements of regulations for eligible trades under Dodd Frank, EMIR, REMIT,… Read More >>
Firms Stung by Costly Trade Reporting
Financial services firms and market participants affected by derivatives trade reporting requirements are finding it difficult – and increasingly costly – to cope with the regulations, according to a new white paper from business and technology services and solutions vendor Sapient Global Markets. In “The Rising Cost of Trade Reporting: Can Firms Afford to Stay… Read More >>
Etrali Opens Sydney Offices in APAC Push
Etrali Trading Solutions, maker of voice-trading, compliance and unified communication services, has announced that it is opening new offices in Sydney, Australia, the first thrust of a renewed push into the Asia-Pacific (APAC) region, officials say. From its Sydney offices, Etrali will manage its existing Australia client base and “support the growing demand for compliance… Read More >>
Misys Offers Trade Reporting Link to DTCC GTR
The Misys Regulatory Reporting Service (RRS) now offers connectivity to the DTCC’s Global Trade Repository (GTR), giving European corporates, fund managers and smaller banks another option beyond the service’s current link to the Regis-TR repository for over-the-counter (OTC) derivatives reporting mandated by the European Market Infrastructure Regulation (EMIR) legislation. The EMIR rules require all parties… Read More >>
Time for Ops Resolutions for 2015?
The New Year brings opportunities to take on post-trade securities operations challenges or at least take the time to review the progress your firm has made in its trajectory to operational efficiency. It’s also a chance to make resolutions that will guide the firm throughout the year. To help firms craft a list of Ops… Read More >>
