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CFTC Technology Advisory Committee Takes Tough Stance on Automated Trading Regulation
The Technology Advisory Committee (TAC) of the US Commodity Futures Trading Commission (CFTC) reconvened this week after a 20 month intermission. On the agenda were regulation of automated trading, swap data standardisation and harmonisation, and the potential of blockchain technology. Timothy Massad, chairman of the TAC, opened discussion on the Commission’s proposed rule to address…
ESMA Consultative Working Group Expected to Influence Outstanding MiFID II and MifIR Issues
The European Securities and Markets Authority (ESMA) call for market data experts to join its consultative working group (CWG) closes in less than two weeks time, with those selected to join the group expected to have considerable influence on regulatory market data issues during their two-year term. While ESMA is unlikely to disclose information about…
Global LEI Foundation Development Plan Adds Data Quality Management and Proposes Limited Hierarchy Data
The Global Legal Entity Identifier Foundation (GLEIF) has set out development plans for 2016 including a recently introduced LEI data quality management programme and completion of the accreditation process for LEI issuers – but provision of much needed LEI hierarchy data remains sketchy, with the GLEIF saying only that it expects to design a process…
A-Team Webinar Discusses Outstanding Pain Points of Solvency II Compliance
The January 2016 deadline for Solvency II compliance passed without major incident, but looks like the end of the beginning with most insurance companies and asset managers making the deadline, but many continuing to work on aspects of the regulation not only to ensure compliance, but also to improve operational efficiency, reduce costs and gain…
European Commission Proposes One-Year Postponement of MiFID II Compliance Deadline
The European Commission has responded to the European Securities and Markets Authority’s (ESMA) request to postpone the compliance deadline of Markets in Financial Instruments Directive II (MiFID II) with a proposal for a one-year extension of the deadline to 3 January 2018. While the proposal, which must be approved by the European Parliament and EU…
Markit Builds Out Know Your Third Party Platform
Markit is building out is Know Your Third Party (KY3P) platform with additional customers, extended functionality and a growing commitment to help users meet standards and regulatory requirements around third-party risk management. The KY3P initiative was set up by Markit, in conjunction with Barclays, HSBC and Morgan Stanley, and introduced a service for third-party management…
Intelligent Trading Summit: MiFID II Tops the List of Regulatory Challenges
Regulation will have a significant impact on the trading community this year with Markets in Financial Instruments Directive II (MiFID II) expected to present the most onerous challenges. Other regulations likely to cause headaches include the Commodity Futures Trading Commission’s proposed Regulation AT covering automated trading, the Market Abuse Directive and Market Abuse Regulation that…
Indata Adds Compliance-As-A-Service to iPM Epic Big Data Platform
Indata has added compliance-as-a-service to its iPM Epic big data platform that supports intelligent portfolio management for asset managers on a global scale. The service is designed to complement Indata compliance capability already on the platform and integrates complex subject matter sourced from third-party information providers. The initial offering is a global shareholder disclosure service…
Intelligent Trading Summit Discusses the Potential of High Performance Technologies and the Drag of Regulation
A-Team Group’s Intelligent Trading Summit got off to a great start last week with A-Team chief content officer Andrew Delaney enjoying a fireside chat with BNP Paribas head of electronic execution strategy Kee-Meng Tan. Delaney and Tan discussed the need for speed in electronic trading, the adoption of new technologies and opportunities to look beyond…
Regulation Review – Data Management Challenges of MiFID II
The compliance deadline for the European Union’s Markets in Financial Instruments Directive II (MiFID II) may yet be pushed back a year to January 2018, but the need to tackle the data management challenges of MiFID II is immediate, whatever the European Commission’s final decision on deadlines. The regulation is much broader than the initial…