Reporting/compliance

1645 articles tagged with this keyword

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European Central Bank warns of Sepa failure in the absence of binding legislation

The European Central Bank has called on Brussels to impose concrete end-dates for the imposition of new payments instruments under the Single Euro Payments Area (Sepa) project.

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Exchanges and vendors unite over consolidated tape

European stock exchanges together with Thomson Reuters, Bloomberg, the LSE and Nyse Euronext have agreed a framework for developing a consolidated tape of post-trade equity reporting data across Europe.

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Dodd-Frank snares hedgies in compliance net; Capital demands to hobble banks

Implementation of the Dodd-Frank financial reform laws in the US will force the largest hedge funds that pose the most risk to the system to register with the SEC, ushering in a new era of compliance and transparency for the private fund industry, according to a white paper from Citi Prime Finance.

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Indian securities watchdog imposes Web rules

The Securities and Exchange Board of India (SEBI) is calling on intermediary firms to toughen up their controls governing employee use of blogs, chat forums and instant messaging sites.

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UCITS IV, Mifid II, & Basel III

David Green, head of change - group and oversight, at Fidelity International speaks with Finextra about how the industry is dealing with UCITS IV, Mifid II, Basel III and a slew of proposed regulations and directives.

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Thomson Reuters partners Redkite on market surveillance

Thomson Reuters has struck a deal with Redkite that will see it offer the vendor's real-time market surveillance system over its Elektron data distribution network and hosting environment.

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Regulatory changes to spur brokers' market surveillance spending - Tabb

With regulatory reform on the horizon on both sides of the Atlantic, brokers across the US and Europe are set to spend over $200 million on new market surveillance programs this year, according to research from Tabb Group.

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Nasdaq OMX said to ponder Nyse Euronext bid as Rolet predicts more mergers

Speculation is mounting that Nasdaq OMX could move to hijack Deutsche Bourse's bid for Nyse Euronext as exchange operators scramble for tie-ups in what LSE chief Xavier Rolet predicts is just the start of a round of consolidation that could leave as few as three super groups standing in five years.

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Iosco supportive of switch from OTC to exchange-based trading

Moves to force trading in derivatives away from over-the-counter markets to exchange and electronic platforms will be broadly beneficial in increasing competition, transparency and risk oversight, according to a report prepared by international regulatory overview body Iosco

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SEC scrutinises social media; Finra to re-examine guidance

The Securities and Exchange Commission (SEC) has begun scrutinising how investment advisers use Twitter, Facebook and other social media tools.

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CFTC and SEC to increase budgets through user fees

US government plans to almost double the budget of the Commodity Futures Trading Commission (CFTC) by enabling it to collect fees from the firms it regulates have received a mixed reaction from Commissioners.

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Industry clamour over MiFID II proposals grows louder

The Futures and Options Association has added its voice to the growing industry clamour over 'needlessly oppressive' pending market reform proposals from the European Commission.

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DTCC creates new chief data officer role

New York's Depository Trust and Clearing Corporation has appointed Ronald Jordan, a 26-year Nyse Euronext veteran, to the new position of chief data officer, as it bids to become a central conduit between regulators and market participants on data management issues.

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Technology spending cuts could see CFTC run out of data storage - O'Malia

The Commodity Futures Trading Commission is on course to run out of room to store its data by October because of an £11 million technology budget cut, Commissioner Scott O'Malia has claimed.

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BAE Systems makes EUR217m Norkom bid

BAE Systems has agreed a EUR217 million takeover of Norkom Technologies, a Dublin-based provider of anti-fraud and compliance software to the financial services industry.

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Global retail banking IT spending set for strong growth - Ovum

Global spending on retail banking technology is set to jump by nearly a quarter over the next five years, hitting $132 billion, according to analyst house Ovum.

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CME Group gets FSA approval for London clearinghouse

The Financial Services Authority has given Chicago-based derivatives exchange operator CME Group the green light to start clearing OTC trades in Europe early next year.

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Deutsche Bank GTB selects TCS platform

Deutsche Bank is rolling out core technology from Tata Consultancy Services (TCS) across its Global Transaction Banking (GTB) business.

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Dutch regulators see positive side of HFT

Dutch market watchdog AFM says it sees no grounds for restricting the use of high frequency trading (HFT), but warns that market participants and regulators must improve their operational and risk management techniques to deal with the complexity of computer-driven trading strategies

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EC publishes MiFID II consultation

The European Commission has published its widely trailed Markets in Financial Instruments Directive (MiFID) review, calling for greater oversight of high-frequency trading and a clamp down on speculators in commodities.