Regulatory reporting provider BXS and communications and market connectivity vendor IPC Systems have extended a partnership to target buy- and sell-side firms that want a single solution for routing, executing, and reporting orders across asset classes including crypto markets, officials say. The partnership offers securities firms links between the BXS Trade Surveillance Solution and IPC’s… Read More >>
DOL Updates ERISA Rules for ESG Investing
The U.S. Department of Labor is hoping that it is providing clarity for Employee Retirement Income Security Act (ERISA) plan fiduciaries that want to make investments based upon environmental, social and governance (ESG) concerns. On November 22, Labor Department officials released a final rule “by clarifying that fiduciaries may consider climate change and other environmental,… Read More >>
S&P Settles Conflict of Interest Case for $2.5M
While gnawing on that leftover drumstick, you might want to consider whether or not your holiday turkey was glazed with a “calculation error.” The Securities and Exchange Commission (SEC) has charged S&P Global Ratings (SPGR), a “nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent… Read More >>
Free ESG Analytics for NA Public Pensions & Other News
Impact Cubed Makes an Overture to North America Officials at Impact Cubed, an ESG data, analytics, and investment solutions vendor, recently announced that they are offering “free access to their platform for key public pension funds” in North America. The Impact Cubed platform is intended to help end-users see the granular impact of environmental, social,… Read More >>
Firms Are Behind On CFTC Rewrite Deadline: Survey
More than half of the respondents to a recent survey say that they are behind in meeting the pending reporting requirements for what is known as the “Commodity Futures Trading Commission (CFTC) Rewrite,” which means that they might miss the December implementation deadline. The CFTC Rewrite refers to the changes coming to the over-the-counter (OTC)… Read More >>
SEC Ratifies New Proxy-Voting Disclosure Rules
To say the least, the SEC has been busy for the past two years. Amid the flurry of new and revamped regulation was the recent adoption of “amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes.” The SEC says the new rules… Read More >>
BondWave Bolsters Liquidity Access to ICE Bonds & Other News
BondWave Builds New Links to ICE Bonds Fixed income solutions vendor BondWave reports that has much more tightly integrated its Effi Markets with the transaction platforms of ICE Bonds, part of the Intercontinental Exchange, so that Effi users can have better access to liquidity pools and execution protocols. “BondWave and ICE Bonds have enjoyed a… Read More >>
Getting to T+1 & T+0 Will Be Hard: Survey
A new survey of participants in securities markets across the globe finds that most respondents expect shorter T+1 and T+0 settlement cycles will become the norm by 2026. But getting to T+1 in the U.S. and elsewhere will present most firms with new challenges, according to the “Securities Services Evolution” whitepaper from Citi. The report,… Read More >>
UBS & FAB Go Live on CLSNet & Other News
UBS & FAB Will Use CLSNet for 120 Currencies UBS and First Abu Dhabi Bank (FAB) report that they have gone live on the CLSNet bilateral payment netting calculation service from FX settlement provider CLS. The CLSNet platform standardizes “post-trade processes across the global currency spectrum,” and is intended to cut risk, enhance efficiency, and… Read More >>
Not All ESG Funds Are Climate-Friendly: Report
Some environmental, social, and governance (ESG) funds and funds with “climate” in the name contain assets that are inconsistent with their environmentally conscious branding, according to a recent study by ESG Book. The report, “Always check the label,” examined asset data on 420 ESG funds and 95 climate-labeled funds, all of which had at least… Read More >>
