Latest Reporting/compliance News: Finextra Research

Central counterparties call for proportionality in resolution rules

CCP12, a global association of 35 major central counterparty (“CCP”) organisations in Europe, Asia and the Americas, today announced that it has published its responses to the Financial Stability Board’s (FSB) discussion note on the Essential Aspects of CCP Resolution Planning, and the Committee on Payments and Market Infrastructures – Board of the International Organization of Securities Commissions’ (CPMI-IOSCO) consultative report on Resilience and Recovery of CCPs.

21 October 2016

Company update/Reporting/compliance

Neurensic releases AI-powered trading surveillance platform

Neurensic, a regtech artificial intelligence (AI) startup headquartered in Chicago, today announced the release of its new SCORE surveillance platform.

19 October 2016

Company update/Reporting/compliance

Nasdaq goes open source for investor relations Websites

Nasdaq Corporate Solutions, a business line of Nasdaq, Inc. (Nasdaq:NDAQ), today announced it will offer investor relations (IR) professionals an enhanced platform for their IR websites, powered by open source technology.

19 October 2016

Company update/Reporting/compliance

CCPs respond to consultation on resilience and recovery

The EACH response to the consultative report on Resilience and Recovery of CCP is published today. EACH welcomes that CPMI-IOSCO has undertaken to provide clarification in order to ensure a consistent application of the Principles for Financial Market Infrastructures (PFMIs) across jurisdictions.

19 October 2016

Company update/Reporting/compliance

Iosco opens consultation on derivatives data harmonisation

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report on Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch.

19 October 2016

Company update/Reporting/compliance

Shanghai Futures Exchange gets surveillance Smarts with Nasdaq

Nasdaq (Nasdaq:NDAQ) have officially announced that Shanghai Futures Exchange (SHFE), one of the world's largest futures markets, has launched a new market surveillance platform powered by SMARTS, Nasdaq's flagship surveillance solution.

19 October 2016

Company update/Reporting/compliance

Systemic Risk Council weighs in on asset management vulnerabilities

On October 15, 2016, the Systemic Risk Council submitted a comment letter to the Financial Stability Board (FSB) on its recent Consultative Document, in which the FSB proposed policy recommendations intended to address structural vulnerabilities in the asset management industry.

19 October 2016

Company update/Reporting/compliance

Actiance adds oversight for Workplace by Facebook

Actiance, the leader in communications compliance, archiving, and analytics, today announced it has broadened its scope of supported communications channels to include Workplace by Facebook, which publicly launched earlier this month.

19 October 2016

Company update/Reporting/compliance

Bloomberg unveils IRS compliant tax calculation tool

Today, Bloomberg unveiled its 871(m) Tax Solution to help the global investment community adhere to a new Internal Revenue Service (IRS) withholding requirement, expected to go into effect January 1, 2017.

14 October 2016

News/Reporting/compliance

Icap beefs up regulatory reporting with Abide Financial acquisition

Icap has acquired UK regulatory reporting outfit Abide Financial for an undisclosed sum.

13 October 2016

Company update/Reporting/compliance

London bullion market selects Cinnober's Boat for trade reporting

The London Bullion Market Association (LBMA) announces today that Boat Services Ltd, in a joint submission with Autilla, has been selected as the chosen provider in the LBMA’s Request for Proposal (RfP) process.

12 October 2016

Company update/Reporting/compliance

Red Box partners Bloomberg on record keeping and trade reconstruction services

Red Box Recorders, a leader in voice recording technology and services, announced today a global partnership with Bloomberg Vault, Bloomberg's enterprise compliance platform, to help financial organizations adhere to record-keeping requirements mandated by global regulations.

10 October 2016

Company update/Reporting/compliance

Dow Jones news added to LiquidMetrix surveillance suite

Strategic Insight (SI), the data and business intelligence company for the global asset management community, today announced a new partnership with Dow Jones.

05 October 2016

Company update/Reporting/compliance

BGFI Bank chooses Wolters Kluwer for regulatory reporting

BGFI Bank, the Gabon-based financial services conglomerate, has chosen Wolters Kluwer’s OneSumX to provide its regulatory reporting software for its French and European Banking Authority reporting obligations.

04 October 2016

Company update/Reporting/compliance

Esma consults on consolidated tape for non-equity products

The European Securities and Markets Authority (ESMA) has issued today a consultation paper on its draft regulatory technical standards (RTS) regarding the creation of a consolidated tape for non-equity instruments which is required under the Markets in Financial Instruments Directive (MiFID II).

03 October 2016

News/Reporting/compliance

Samsung moves into Big Brother territory

Traders beware: Samsung has unveiled a new mobile voice recording system (MVRS) for Galaxy phones that can not only listen in on every conversation but also track your movements and monitor you data usage.

30 September 2016

News/Reporting/compliance

IBM to acquire Promontory; create AI-driven compliance subsidiary

IBM is to acquire risk management and regulatory compliance consulting firm Promontory Capital and create a new subsidiary, Watson Financial Services, in which it will use artificial intelligence technology to keep pace with the rapidly changing financial reporting landscape.

29 September 2016

Company update/Reporting/compliance

MiFID II to cost financial industry $2bn

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that it has partnered with Expand, a Boston Consulting Group company, to release a new report revealing the forecast MiFID II-related IT costs to the financial services industry in 2017.

29 September 2016

Company update/Reporting/compliance

Accuity and Bellin to provide compliance screening for corporate treasurers

Accuity, the leading provider of financial crime compliance, payments and know-your-customer (KYC) solutions, and BELLIN, a global leader in providing web-based treasury software and services, announced today a new strategic technology partnership to provide integrated sanction screening and compliance for corporate treasurers.

29 September 2016

News/Reporting/compliance

France rewrites rule books in anticipation of mass UK exodus

French regulator are speeding up licensing procedures and providing an English-speaking contact for British financial institutions and fintech firms looking to relocate their business in the event of a hard exit from the European Union.

29 September 2016