Latest Reporting/compliance News: Finextra Research

Morgan Stanley Smith Barney lets brokers tweet

Morgan Stanley Smith Barney is set to become the first big American wealth manager to let its brokers use Twitter, although each message will have to be pre-approved by the firms.

26 May 2011

News/Reporting/compliance

Derivatives legislation moves nearer in Europe; could face delays in US

A European Parliament committee has given its backing to legislation that will see more derivative trades settled through clearing houses. Meanwhile, on the other side of the Atlantic, US lawmakers have moved to delay the implementation of their own new derivatives rules.

25 May 2011

News/Reporting/compliance

City IT recruitment market treads water

The first quarter of 2010 may have been a high watermark in the investment banking IT recruitment market which is unlikely to be surpassed in the foreseeable future, according to research by City recruitment firm McGregor Boyall.

25 May 2011

News/Reporting/compliance

Financial services IT spending on the up - Bloomberg survey

More than three quarters of financial services industry technology executives expect to increase their IT spending over the next year, according to a Bloomberg survey which also suggests a shift to greater use of hosted services.

23 May 2011

News/Reporting/compliance

Thomson Reuters buys World-Check

Thomson Reuters has acquired London-based financial crime and corruption prevention specialist World-Check. Financial terms of the deal were not disclosed.

17 May 2011

News/Reporting/compliance

As FSA deadline looms, TeleWare unveils mobile call recording system

Teleware has launched a 'clientless' mobile call recording system designed to help financial services firms meet FSA rules set to come into effect later this year.

11 May 2011

News/Reporting/compliance

'Electronification' of FX pushing up IT spending - Celent

Technology spending in the foreign exchange market is on the rise thanks to the growth of algorithmic trading and 'electronification' of the business, according to a report from Celent.

05 May 2011

News/Reporting/compliance

Legal Entity Identifier standard nears

Plans to create a new legal entity identifier (LEI) system to help regulators and industry participants monitor systemic risk are gathering momentum, with Swift winning a vote to act as the registration authority for the ISO standard and a group of trade associations setting out their framework.

05 May 2011

News/Reporting/compliance

Swift taps Sword Fircosoft tech for sanctions screening service

Financial messaging body Swift has selected technology from Sword FircoSoft to support a new centralised sanctions screening service aimed at small banks.

04 May 2011

News/Reporting/compliance

FSA paper trail hampering compliance activities - CISI

The Financial Services Authority is bombarding member firms with so much written material that it is hampering compliance activities, according to a survey conducted by the Chartered Institute for Securities & Investment (CISI).

03 May 2011

News/Reporting/compliance

EC launches antitrust probe into CDS market

The world's biggest investment banks are being investigated in two European Commission antitrust probes into the credit default swaps (CDS) market.

03 May 2011

News/Reporting/compliance

HSBC Insurance taps IBM for Solvency II compliance

HSBC's UK insurance business has selected IBM to help it develop and roll out a business analytics system ahead of upcoming European Solvency II legislation.

27 April 2011

News/Reporting/compliance

European OTC market far smaller than claimed - study

Around 16% of European share trading is over-the-counter (OTC), far less than claimed by stock exchanges, according to a study from the Association for Financial Markets in Europe (Afme).

20 April 2011

News/Reporting/compliance

CFTC Commissioner Chilton hits out at proposals to delay financial reform

CFTC Commissioner Bart Chilton has hit back at Republican plans to delay for 18 months all rulemakings involving derivatives under the Dodd-Frank financial regulation law.

18 April 2011

News/Reporting/compliance

OTC derivatives market reform stalling - FSB

Central bankers have expressed fears that reform of the over-the-counter derivatives markets is being hampered by delays and inconsistencies in approaches across national jurisdictions.

18 April 2011

News/Reporting/compliance

Finextra Dinner Club: Turning compliance into a competitive edge

The next meeting of the Finextra Dinner Club will focus on critical compliance issues for banks and feature presentations from Nicholas Child, MD and director of compliance at Citi, Simon Gleeson, partner in the financial services practice of Clifford Chance and Keith Saxton, director, global banking and financial markets for IBM.

15 April 2011

News/Reporting/compliance

CFTC to explore reference data repository for derivatives

The Commodity Futures Trading Commission is contemplating the creation of a new 'Division of Market Data Collection and Analysis' to keep pace with computer-based trading and reduce its reliance on the exchanges it regulates for data dissemination.

14 April 2011

News/Reporting/compliance

US regulators win bigger budgets

US financial regulators the Commodity Futures Trading Commission and the Securities and Exchange Commission have been awarded big budget increases by the Senate Appropriations Committee.

13 April 2011

News/Reporting/compliance

Machine-readable OTC derivatives contracts move a step closer

Regulatory efforts to introduce more automation in manually-driven over-the-counter derivatives trading have been advanced by the publication of new research into the feasibility of rendering OTC documentation in machine-readable format.

11 April 2011

News/Reporting/compliance

European exchanges hit out at broker networks

Europe's exchanges have hit out at plans to create a new type of trading venue category as part of MiFID's overhaul, warning the proposal will cause an "irreversible race to the bottom" for regulation.

08 April 2011