CFTC Appoints Veteran Rogers as Chief of its New Office of Data and Technology
In line with its increased focus on monitoring the data underlying the swaps markets, the Commodity Futures Trading Commission (CFTC) has this week indicated that it will be establishing a new Office of Data and Technology for launch in October and has appointed CFTC veteran of 10 years John Rogers as its new director. Rogers,...
UK FSA Provides More Derivatives Transaction Reporting Data Details, Including Cleared Derivatives Reporting Requirements
Last month, the UK Financial Services Authority (FSA) launched its Zen transaction reporting and market surveillance system for the collection of Alternative Instrument Identifier (AII) codes and has opened a four month window for firms to adopt the codes ahead of the November deadline. Accordingly, this month’s FSA Market Watch newsletter is focused on providing market...
How Will the FSB’s Shadow Banking Taskforce Tackle the Data Standards Issue?
The Financial Stability Board (FSB) has recently indicated that its shadow banking taskforce is working on some recommendations for strengthening the oversight of the non-bank systemically important sector, which will necessarily require these firms to provide detailed legal entity structural and hierarchical data to the regulatory community. But how will the community tackle the oversight...
Vienna Stock Exchange Launches New Sector Indices
Today, the Vienna Stock Exchange started calculating and publishing new sector indices for the ATX and CEESEG (CEE Stock Exchange Group whose subsidiaries are the exchanges of Budapest, Ljubljana, Prague and Vienna) to round off its range of indices and meet market demand. The ATX sector indices are based on the companies in the ATX...
CPSS and IOSCO Trade Repositories Paper Promotes Global LEI and International Product Classification System
The Committee on Payment and Settlement Systems (CPSS) and the International Organisation of Securities Commissions’ (IOSCO) joint working group last week produced a consultative report on the means via which OTC derivatives data should be collected, stored and disseminated by trade repositories across the globe. The report notes the information gaps that currently exist in...
Sapient Global Markets’ Szybillo Backs Swift and DTCC as FX Trade Data Repository Providers
Swift and the Depository Trust and Clearing Corporation (DTCC) are pursuing a number of opportunities within the data infrastructure sphere, one of which is the establishment of a new global FX trade data repository. The idea has found favour with a number of industry associations and Alicia Szybillo, senior manager of Sapient Global Markets, reckons...
HSBC’s Treacher Reckons Swift’s ISO Standards History Will Stand it in Good Stead for LEI Issuance
Marcus Treacher, head of e-commerce and client experience for HSBC’s Global Transaction Banking division, is a key supporter of Swift’s ambitions in the securities space and reckons its experience of ISO standards in other areas of its business will be beneficial in its role as the potential issuer of a new legal entity identification standard....
Hong Kong Monetary Authority Proposes New Trade Data Repository Reporting Standards, Keeps a Close Eye on LEI Developments
The Hong Kong Monetary Authority’s (HKMA) recently published consultation paper on reporting to the Hong Kong Trade Repository (HKTR) indicates that the regulator is aware of the “considerable amount of time” it will take for firms to be ready for reporting and that international standards developments need to be factored into the equation. The paper,...
Canadian Regulator Stresses the Importance of Keeping in Line with International Data Standards
The Canadian Securities Administrators’ (CSA) trade repositories consultation paper, which was published at the end of June, reflects the importance the regulator is placing on keeping the country in line with international data standardisation efforts. The trade repositories proposals, which were put together by the CSA’s derivatives committee as part of its overhaul of the...
Additional International Consensus on the Proposed LEI Needed Before Rules Can be Issued in 2012, Says OFR’s Berner
Although the Office of Financial Research (OFR) was due to issue a rule regarding the adoption of its proposed legal entity identification (LEI) standard before the end of last month, the deadline has slipped due to the need to gain additional international input on the subject, according to the Treasury’s Richard Berner. Berner, who was...