U.S. equities exchanges are pushing back on the SEC’s sweeping order directing them and the Financial Industry Regulatory Authority (FINRA) to improve the governance structure for public, consolidated equity market data and the distribution of trade and quote data from trading venues. The order is intended to change the balance of power among trading venues… Read More >>
Barclays, Goldmans & JPMorgan Endorse DTCC’s GTR
Barclays, Goldman Sachs and JPMorgan have added their names to a growing list of major financial services firms endorsing the Global Trade Repository (GTR) service of the DTCC as a way to fulfill pending regulatory reporting requirements for securities financing transactions (SFTs). French banking giant Société Générale and Skandinaviska Enskilda Banken AB (SEB) also intend… Read More >>
GLEIF & ANNA Launch ISIN-to-LEI Mapping Effort
ANNA & GLEIF Join Forces for Regulatory Reporting An initiative is underway that will link International Securities Identification Numbers (ISINs) to Legal Entity Identifiers (LEIs) for global financial services transactions. The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have announced that April 4, 2019 marks the start of… Read More >>
SEB to Use DTCC Repository for SFTR Compliance
SEB Extends DTCC Agreement via Global Trade Repository Swedish financial group Skandinaviska Enskilda Banken (SEB) has decided to use the Global Trade Repository (GTR) services of the DTCC to meet regulatory obligations under the Securities Financing Transactions Regulation (SFTR) that are likely to take effect in April 2020. The decision is an extension of SEB’s… Read More >>
Indus Valley Partners Targets CAT Regulatory Reporting
Financial technology vendor Indus Valley Partners (IVP) has launched a module for its IVP Raptor regulatory reporting platform that targets buy-side firms required to comply with FINRA’s Consolidated Audit Trail (CAT) initiative to collect every order, cancellation, modification and trade execution for all exchange-listed equities and options transacted via U.S. financial markets. The SEC-approved CAT… Read More >>
IBM & BearingPoint Target Germany via RegTech BPO Offering
U.S. IT giant IBM and management and technology consultancy BearingPoint will be joining forces to focus on the regulatory technology needs of German financial services firms that are struggling with the demands of Basel III, MiFID II/MiFIR, EMIR II and Solvency II. The Frankfurt-based BearingPoint confirms that its RegTech product unit is partnering with the… Read More >>
Execs Are Growing More Fearful of Bad Data: Survey
Senior risk and regulatory financial services executives in the Americas and Asia-Pacific report changing attitudes regarding the accuracy of their organizations’ data and the impact of upcoming regulations. According to the topline June 2018 results of the most-recent annual survey conducted by AxiomSL, a provider of regulatory reporting systems and techniques for risk assessment and… Read More >>
DTCC Bolsters Support for SFTR Reporting via Partnerships
Financial services firms are gearing up for the reporting requirements of the Securities Financing Transaction Regulation (SFTR), and the DTCC is partnering with EquiLend, Trax, IHS Markit and Pirum to improve its global trade reporting capabilities before the SFTR rules take effect by the end of next year. Even though SFTR originated with the European… Read More >>
Startup Dakota Wealth Management Picks Pershing Advisor Solutions
New Firm Taps Pershing Advisor Solutions BNY Mellon’s Pershing Advisor Solutions has been picked as a custody partner for Dakota Wealth Management, a newly launched investment management firm. Dakota, headquartered in Palm Beach Gardens, Florida, currently manages $600 million in client assets, according to a statement, which notes that the average registered investment advisor… Read More >>
Spanish Firm Revamping Ops via IBOR
A major wealth and asset management firm in Spain, CaixaBank Asset Management, is revamping front-to-back office operations via an Investment Book of Record (IBOR) approach that uses one source of real-time data, delivered enterprise-wide for positions, cash and exposure. The firm will be using a SimCorp Dimension-based IBOR to address its data management issues, and… Read More >>
