Latest Reporting/compliance News: Finextra Research

BTMU fined $315 million over US dollar clearing controls

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) announced today that it has entered into a consent agreement with the New York State Department of Financial Services (“DFS”) to resolve issues relating to instructions given to PricewaterhouseCoopers LLP (“PwC”) and the disclosures made to the DFS in connection with BTMU’s 2007 and 2008 voluntary investigation of BTMU’s U.S. dollar clearing activity toward countries under U.S. economic sanctions.

19 November 2014

Company update/Reporting/compliance

Wolters Kluwer rebrands governance, risk and compliance suite

Wolters Kluwer Financial Services today announced the joining of its broad and deep portfolio of Governance, Finance, Risk & Compliance (GFRC) solutions under the company’s new OneSumX® brand.

17 November 2014

Company update/Reporting/compliance

Deutsche Bank deploys AxiomSL regulatory reporting platform

AxiomSL, global provider of regulatory reporting and risk management solutions, announced today that Deutsche Bank has expanded its relationship and deployed the firm’s robust and flexible regulatory reporting platform and capital calculations solution in the United States following the implementation of the firm’s technology in the Asia Pacific region.

17 November 2014

Company update/Reporting/compliance

FCA fines five banks £1.1 billion for FX failings and announces industry-wide remediation programme

The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ($343 million), JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million) and UBS AG £233,814,000 ($371 million) (‘the Banks’).

12 November 2014

Company update/Reporting/compliance

Swiss takes on new financial rules riles SIX

As an operator of financial market infrastructure, SIX supports the intention of the Federal Council to regulate financial market infrastructure and derivatives trading through a law. SIX recognizes that the legislation proposed at the beginning of September is pragmatic and feasible, and that it is largely based on international standards.

15 October 2014

Company update/Reporting/compliance

EuroCCP to match trades via Traiana

EuroCCP announced today its clearing services for clients’ matching OTC transactions with Traiana.

14 October 2014

Company update/Reporting/compliance

TriOptima's triResolve service gains 78 clients in Asia Pacific

Impending regulatory changes in Asia Pacific (APAC) have prompted leading financial institutions to proactively reconcile their portfolios and manage their collateral disputes, according to TriOptima, leading provider of OTC derivative post trade services.

14 October 2014

Company update/Reporting/compliance

EClerx launches KYC platform

eClerx, a leading provider of knowledge and business processing today announced it has launched its proprietary Know Your Customer (KYC) solution.

09 October 2014

Company update/Reporting/compliance

Jan Ford to join Deutsche Bank as head of compliance for the Americas

Deutsche Bank today announced that Elizabeth J. Ford (Jan) will join as a Managing Director and Head of Compliance, Americas. She will join the North America Executive Committee.

09 October 2014

Company update/Reporting/compliance

Central Bank of Nigeria advocates Swift sanctions screening to country's banks

SWIFT announces today at Sibos that the Central Bank of Nigeria is implementing its Sanctions Screening service and is mandating use of the hosted service by the country's banking community in order to strengthen the Nigerian financial market and ensure it meets global best practices for financial crime compliance.

02 October 2014

Company update/Reporting/compliance

CounterpartyLink releases KYC compliance tool

CounterpartyLink, the Global Legal Entity Data Source Company and leader in KYC-relevant compliance data which is independently researched direct from source, today announces the release of CPL COMPLIANCE, the latest addition to the company’s existing portfolio of market-leading legal entity intelligence solutions.

02 October 2014

Company update/Reporting/compliance

Iosco publishes second securities market risk outloook

The International Organization of Securities Commissions (IOSCO) today published the IOSCO Securities Markets Risk Outlook 2014-2015.

02 October 2014

Company update/Reporting/compliance

Axiom ready for new FCA credit reporting rules

AxiomSL, a global provider of regulatory reporting and risk management solutions, has expanded its product sales data (PSD) disclosure offering to cover new consumer credit reporting requirements that are being introduced by the UK’s Financial Conduct Authority (FCA) today.

01 October 2014

Company update/Reporting/compliance

Misys and Fircosoft form financial crime alliance

Misys has formed an alliance with FircoSoft, the leading global provider of watch list filtering solutions.

30 September 2014

Company update/Reporting/compliance

RBS in Luxembourg chooses MSCI for regulatory risk reporting

MSCI Inc. (MSCI), a leading provider of investment decision support tools worldwide, announced today that following a rigorous selection process RBS (Luxembourg) S.A (“RBSL”), has chosen MSCI as its vendor for regulatory risk reporting.

29 September 2014