Derivatives trading advocate the International Swaps and Derivatives Association (ISDA) has launched a symbology project intended to provide an industry-wide, open-source standard to help all derivatives facilities such as trading venues, clearinghouses, repositories and other infrastructures meet regulatory needs. The new industry data project is charged with developing an open-source standard derivatives product identification system… Read More >>
ISE Board Adds Members from Barclays, Morgan Stanley
The International Securities Exchange Holdings, Inc. (ISE) announced the addition of Eric Levine and Tyler Sorba to the boards of directors of its two exchanges. Levine, a director and head trader of Barclays’ automated volatility trading group, was appointed to represent ISE’s Competitive Market Makers (CMMs), officials say. Levine joined Barclays in 2008 through its… Read More >>
Wolters Kluwer Taps Daiwa to Fill EMEA Post
Professional services vendor Wolters Kluwer has hired Paul Lyon from Daiwa Capital Markets, the investment banking arm of Japan’s Daiwa Securities Group, to fill the newly created role of director of corporate communications for Europe, the Middle East and Africa (EMEA), officials say. Lyon will be based in London and asked to “develop and execute… Read More >>
Citi Appoints NYU Dean as Independent Director
Citigroup Inc.’s board of directors reports that it has elected Peter Blair Henry as a new independent director, with his term beginning July 1, 2015. Henry is the dean of New York University’s Leonard N. Stern School of Business and an international economist who specializes in emerging economies, according to a Citi statement, which notes… Read More >>
Wolters Kluwer Adds OneSumX Strategy VP
Wolters Kluwer Financial Services reports that industry veteran Richard Reeves has joined as vice president of strategy for its governance, finance, risk and compliance (GFRC) solution suite, OneSumX. Reeves will “work directly with Wolters Kluwer Financial Services’ product management, sales, marketing and business development teams to help customers across the globe utilize OneSumX to address… Read More >>
New Chief Revenue Officer for Compliance Science
Governance, risk management and compliance vendor Compliance Science has added a new chief revenue officer (CRO) and moved to a bigger office, following “the rapid expansion of Compliance Science’s market share … resulting from insider trading concerns continuing to proliferate” across the industry, a spokesperson says in an email. In his new role as CRO… Read More >>
CFTC Wins $1.2B in Restitution for M.F. Global Clients
On Christmas Eve, the CFTC is bringing good tidings to those clients left in the lurch by the bankruptcy of MF Global Holdings Ltd. (MFGH). The regulator via the federal court in New York is ordering MFGH to pay $1.212 billion in restitution for the unlawful use of customer funds and to pay a $100… Read More >>
Wolters Kluwer Financial Services Adds ERM Expert
Wolters Kluwer Financial Services reports that Pamela Govostes has joined the company as an enterprise risk management (ERM) consultant. Govostes will “advise clients on risk management strategies and provide risk management consulting services on large-scale OneSumX GRC implementations,” according to a WKFS statement, referring to the company’s solution for managing governance, risk and compliance. She… Read More >>
Wolters Kluwer Gathers GRFC Tools Under OneSumX
Wolters Kluwer Financial Services has launched OneSumX, a governance, finance, risk and compliance (GFRC) tool that the company calls an “ecosystem of GFRC solutions and services [that] will enable financial organizations to create their own, specific GFRC vision.” OneSumX replaces many of Wolters Kluwer’s current solutions and brands, including ARC Logics, BankReg, Financial Studio, Summix,… Read More >>
Aite Reports on GRC Tools Market
Securities firms have to impress upon employees the necessity of good governance, risk, and compliance tools that can help restore trust among clients, according to a new report from market research firm Aite Group. However, firms will have to find GRC support systems in a highly fragmented market, researchers say. “To meet regulatory obligations and… Read More >>
