Latest Reporting/compliance News: Finextra Research

Thomson Reuters publishes cost of compliance survey

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has published the findings of its sixth annual Cost of Compliance survey which revealed that regulatory fatigue, resource challenges and personal liability are expected to increase throughout 2015.

13 May 2015

Company update/Reporting/compliance

AxiomSL sells tax reporting module to Bancolombia

AxiomSL, a leading provider of regulatory reporting and risk management solutions to the financial services industry, announced today that Bancolombia, Colombia's largest bank by assets and shareholders' equity, will be deploying AxiomSL’s Foreign Account Tax Compliance Act (FATCA) solution to meet regulatory and corporate reporting requirements.

11 May 2015

Company update/Reporting/compliance

China Construction Bank selects Wolters Kluwer regulatory reporting tech

Wolters Kluwer Financial Services announced today that China Construction Bank (Asia) Co. Ltd. (CCB Asia), has selected the company’s OneSumX® Regulatory Reporting solution.

06 May 2015

News/Reporting/compliance

Finra backtracks as opposition to Cards projects mounts

In the face of fierce opposition from industry bodies, Wall Street watchdog Finra appears to be backtracking on proposals to introduce an automated data collection system designed to help identify risky and suspicious activities.

06 May 2015

News/Reporting/compliance

US authorities throw the book at Ripple Labs

Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange.

06 May 2015

News/Reporting/compliance

Seed Alpha bids to become iTunes of equity research

Seed Alpha is hoping to shake up the way equity research is paid for by introducing an iTunes style one-stop-shop where users can pick and choose the reports they want to buy.

28 April 2015

News/Reporting/compliance

Swift Business Forum London - Live blog

Returning for its fifth year, the SWIFT Business Forum London will bring together 800 plus financial services professionals to explore the theme of harnessing change in financial services.

23 April 2015

News/Reporting/compliance

Merrill slapped with record fine for repeated transaction reporting failures

The Financial Conduct Authority has fined Merrill Lynch a record £13.3 million for repeated breaches of transaction reporting rules.

22 April 2015

News/Reporting/compliance

Esma issues call for evidence on virtual currencies

The European Securities and Markets Authority (Esma) is to undertake an investigation into the use of virtual currency or distributed ledger technology in the capital markets.

22 April 2015

Company update/Reporting/compliance

Societe Generale launches collateral management service

Societe Generale has launched “Tempo”, a comprehensive and innovative collateral management outsourcing solution aimed both at buy-side and sell-side market participants, including traditional and alternative asset managers, institutional investors, banks and major corporates.

22 April 2015

Company update/Reporting/compliance

Profile Software reports FMS.next installation

Profile Software, an award-winning financial solutions provider announced today that FMS.next goes live at the local branch of an international bank headquartered in the UK.

21 April 2015

Company update/Reporting/compliance

European Banking Authority adds IT risk to 2015 agenda

The European Banking Authority (EBA) today published its annual assessment of EU colleges of Supervisors, responsible for the oversight of cross border banks.

16 April 2015

Company update/Reporting/compliance

FCA fines Clydesdale £20 million for PPI complaints mishandling

The Financial Conduct Authority (FCA) has today fined Clydesdale Bank Plc (Clydesdale) £20,678,300 for serious failings in its Payment Protection Insurance (PPI) complaint handling processes between May 2011 and July 2013.

14 April 2015

Company update/Reporting/compliance

Trustee Executors Limited selects SS&C Pages reporting technology

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Trustee Executors Limited (TEL), the largest provider of third party administration for financial services in New Zealand and leaders in the provision of Trustee, Custodial, Investment Accounting, Unit Pricing and Registry service, has selected SS&C’s reporting solution, Pages.

14 April 2015

Company update/Reporting/compliance

Cinnober to offer customers Ancoa market surveillance tech

Cinnober, an independent supplier of multi-asset financial technology for market operators, clearing houses, banks and brokers, and Ancoa, providers of contextual surveillance and insightful analytics for exchanges, regulators, buy and sell-side firms, have entered into a strategic collaboration to provide market surveillance to the global banking sector.

14 April 2015

Company update/Reporting/compliance

Malaysian Securities Commission invites submissions from equity crowdfunders

The Securities Commission Malaysia (SC) announced today that operators interested in establishing and operating an equity crowdfunding (ECF) or Shariah-compliant ECF platform can now submit their application to the Securities Commission Malaysia.

10 April 2015

Company update/Reporting/compliance

Regis-TR exceeds three billion reports

In April the number of reports received by REGIS-TR, the European trade repository owned by Clearstream (Deutsche Börse) and Iberclear (BME), exceeded 3 billion, three times the number of reports that were received in October of last year.

09 April 2015

Company update/Reporting/compliance

Genpact launches wealth management platform

Genpact (NYSE: G), a global leader in designing, transforming, and running intelligent business operations, today announced the launch of Genpact OpenWealth, an end-to-end wealth management service for banks, brokers, insurers and asset managers.

08 April 2015

Company update/Reporting/compliance

Eze Software Group enhances commission management software

Eze Software Group, a premier provider of global investment technology, has made several enhancements to its commission management offering.

07 April 2015

Company update/Reporting/compliance

Iosco consults on business continuity plans for trading venues and intermediaries

The International Organization of Securities Commissions (IOSCO) today published two consultation reports aimed at further enhancing the ability of financial markets and intermediaries to manage risks, withstand catastrophic events, and swiftly resume their services in the event of disruption.

07 April 2015