Hudson Bay Capital’s Black Discusses Bloomberg Vault Implementation, Cost Saving Benefits of Cloud-Based Data Storage
The expanded registration requirements under Dodd Frank for firms that once fell under exemptions have resulted in many more firms being compelled to invest in data storage solutions in order to ease the data retrieval process and keep costs down. One such firm is buy side firm Hudson Bay Capital Management, which has recently rolled out...
Calypso Technology Releases Version 12
Calypso Technology Inc., the global capital markets platform provider, today announced the release of Calypso Version 12 (V12) of its cross-asset, front-to-back office platform. The new release improves on best practice standards with stronger seamless integration across asset classes and between functional layers. V12 also builds on Calypso Technology’s growing status as a single-source-of-truth for...
CFTC Releases Draft Implementation Proposals, Data Reporting Timelines are a Key Consideration
Following on from the decision last week to give the industry an extra 30 days in which to provide feedback on the majority of its recent proposals, the Commodity Futures Trading Commission (CFTC) has released a short consultation paper concerning the phased implementation timelines for the swaps component of the Dodd Frank rules, which highlights...
State Street Vision Report Examines the Impact of Regulatory Change Within Europe’s Investment Management Industry
State Street Corporation today released the latest of its Vision Focus reports which identifies trends within the European investment management sector. Entitled, “The Changing Shape of European Investment Management,” the report examines the wave of new regulation worldwide and its impact on business practices and operating models. According to the report, regulatory efforts have shifted...
Markit is the Latest to Fall Under the European Commission’s Spotlight for its CDS Data Practices
In the latest of its investigations into the data vendor community’s data practices (following its continuing investigations into S&P and Thomson Reuters), the European Commission has launched a new anti-trust investigation into Markit’s data sharing arrangements with 16 bank dealers in the credit default swap (CDS) market. The Commission is seeking to establish whether the...
SEC and CFTC Agree on Definitions for Swaps, Now Over to You for Feedback…
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have this week finally provided some long sought after clarity regarding the definition of what classifies as a “swap” and hence should be covered by the new and incoming Dodd Frank derivatives requirements. These definitions should also provide some of the foundations on...
Major Study Finds Rapid Adoption of Hosted Email Compliance
Financial institutions are rapidly moving to hosted email compliance and storage services to deal with increasing costs, risks and regulations, according to a study conducted by Forrester Consulting. The study was commissioned by Bloomberg Vault, a service that helps corporations globally meet compliance, regulatory and eDiscovery requirements. The poll of 187 executives with responsibility for...
ISDA Proposes to Use FpML to Link Unique IDs to Standardised Derivatives and a New Central Derivative Product Registry
In line with the recent regulatory driven study into derivatives instrument identification, the International Swaps and Derivatives Association (ISDA) has released proposals to link unique IDs to these instruments and has called for the establishment of a new central derivative product registry infrastructure. The proposals are contained in a recent white paper, which suggests that...
SEI Poll: Investment Managers Optimistic But Remain Focused on Increasing Efficiency
Despite ongoing regulatory challenges and political uncertainty, investment managers are optimistic about their business outlooks. They plan to continue to invest to increase efficiency, reduce risk, and enhance the client experience, according to a poll released today by SEI. The poll, conducted at a recent event for the company’s investment manager clients, shows that nearly...
CFTC Proposes New Swap Data Recordkeeping and Reporting Requirements for Pre-Enactment and Transition Swaps
In line with the Dodd Frank Act’s crackdown on the derivatives markets, the Commodity Futures Trading Commission (CFTC) has proposed rules establishing swap data recordkeeping and reporting requirements for counterparties to pre-enactment swaps (those executed prior to enactment of the Dodd Frank Act) and transition swaps (those entered into between the enactment date and the...