Eagle Investment Systems and Donnelley Financial Solutions have formed a strategic alliance to create an integrated offering that will help firms comply with new monthly and annual SEC reporting rules that require the gathering of “census-type” and portfolio data about mutual funds and exchange-traded funds (ETFs). Specifically, the alliance will graft Donnelley’s financial reporting and… Read More >>
CFTC Penalizes Société Générale $450K for Software Glitch
The CFTC has issued a penalty of $450,000 against Société Générale SA over charges that the French banking giant failed to properly report non-deliverable forward transactions to a swap data repository (SDR), and failed to report many FX swap, FX forward, and non-deliverable forward transactions to an SDR. The cause of the problem was a… Read More >>
Buy Side Hustles to Meet Bank of Israel Deadline
(Sapient Global Markets, a consultancy for financial services and commodity markets, reports that its Compliance Management Reporting System (CMRS) complies with the forthcoming, mandatory reporting requirements of the Bank of Israel (BoI), the central bank of the Jewish state. Sapient has updated the rules engine of CMRS so that it offers a connection to the… Read More >>
Tudor Investment Helps Launch API Platform for Excel Users
Investment management firm Tudor Investment Corp. and compliance vendor Risk Focus are debuting a platform that facilitates an application programming interface (API) layer that links Microsoft Excel spreadsheet users to models and data analytics. The new platform from Risk Focus is APIX, which is being targeted at “traditional Excel power users and application developers, notably,… Read More >>
ICAP to Offer Regulatory Reporting via Abide Acquisition
ICAP, an interdealer broker and post-trade IT vendor, is acquiring a regulatory reporting specialist, Abide Financial, in order to integrate Abide’s wares into ICAP’s Post Trade Risk and Information (PTRI) offerings, targeting the growing demand among trading firms for solutions to help them comply with multiple regulatory authorities, officials say. ICAP’s investment arm for emerging… Read More >>
Luxembourg Bank Tackles IRS Reporting Regs
BCEE Implements SmartStream’s Corona Banque et Caisse d’Epargne de l’Etat of Luxembourg (BCEE) has implemented a way to help the bank meet reporting and audit trails regulatory requirements of the Internal Revenue Service (IRS) that have a tight turnaround time. In general, banks only have a few weeks to reconcile annual data before the legal… Read More >>
Credit Suisse, Ipreo, Symbiont, R3 Finish First Step for Syndicated Loan Blockchain
Blockchain Proof of Concept Effort Will Go On Credit Suisse, Ipreo, Symbiont and R3 have completed the successful initial stage of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market, officials say. The proof of concept will continue throughout the year and will includes participation from agent banks,… Read More >>
New SmartStream RDU CEO to Push Ops Utility
SmartStream has found a true believer in the industry utility concept and has made industry veteran Peter Moss the next CEO of the SmartStream Reference Data Utility (RDU). The RDU is a managed service that delivers reference data for regulatory reporting, trade processing and risk management operations in a supposedly more cost-effective utility approach, officials… Read More >>
CME to Offer CCP Services in Europe
CME to Offer Clearing for Global Firms The Chicago Mercantile Exchange Inc. (CME) has gotten the approval of the European Securities and Markets Authority (ESMA) to operate in the European Union as central counterparty clearinghouse (CCP). The notice came as part of an ongoing update of approved CCPs based in third countries, according to ESMA… Read More >>
Numerix Targets Basel III Capital Calculations
Numerix Expands Oneview Risk Application Numerix, a vendor of cross-asset analytics for derivatives valuations and risk management, has just released a solution that is an expansion of its Oneview Risk application to help banks comply with the Basel Committee’s regulatory requirement for Counterparty Credit Risk (SA-CCR) Capital in time for the January 2017 implementation deadline,… Read More >>
