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LEI Oversight Committee Endorses Pre-LOUs, but Delays Naming of Board Directors for the LEI Foundation
The Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS) has endorsed the London Stock Exchange (LSE) and Turkey’s Takasbank as pre-Local Operating Units (LOUs), making the LEI codes they issue or have issued acceptable for regulatory reporting in the jurisdictions represented by the ROC. While these endorsements mark progress in development…
Interactive Data Offers Ready-to-Test Fatca Data Service
Interactive Data has added its name to the list of market data vendors with reference data offerings designed to meet the compliance requirements of the US Foreign Account Tax Compliance Act (Fatca). It is also talking to third-party software providers about working together to provide complete solutions that could be easier for customers to implement…
ESMA Approves Trade Repositories for EMIR and Sets February Deadline for Derivatives Reporting
The reporting deadline for European Market Infrastructure Regulation (EMIR) has been set for February 12, 2014, following the European Securities and Markets Authority’s (ESMA) approval of four trade repositories for derivatives trading. A request by ESMA to delay the reporting deadline for exchange-traded derivatives by a year has been turned down by the European Commission….
Global LEI System Takes Two Small Steps Towards Operation
The Global Legal Entity Identifier System (GLEIS) has inched forward with operational moves being made by the Regulatory Oversight Committee (ROC) to address reference data issues around the LEI and by the Commodity Futures Trading Commission (CFTC) to accept LEIs from all endorsed pre-local operating units (LOUs). The Secretariat of the ROC has written a…
Nasdaq OMX and Thesys Sketch Roadmap for Algo Testing Facility
The tie-up of Nasdaq OMX and Thesys Technologies to deliver an algorithm testing facility is expected to endure beyond initial plans to offer algo testing for US equities trading and take testing into other asset classes over time. It is also expected to help trading firms get ahead of any regulatory mandates that may set…
Rutgers University to Host Statistics for Risk Conference This Week
Rutgers University’s Master of Financial Statistics and Risk Management (FSRM) programme will host the Rutgers Statistics for Financial Risk Management Conference this coming Thursday, November 7. The event reflects the FSRM programme’s emphasis on statistical and data analytics tools for measuring, monitoring, managing and mitigating uncertainty, risk and volatility. “We are keen to establish a…
SAP and SAS Partnership Develops In-Memory Analytics for Big Data
SAP and SAS have signed a strategic agreement to develop data management and analytics solutions that allow SAS’s analytics applications to run on SAP’s HANA in-memory platform. The aim is to deliver real-time data analysis, with early solutions due in the first half of next year. The partners plan to develop high-performance solutions across a…
A-Team Hot Topic Webinar: Data Management – A Finance, Risk & Regulatory View
Business knowledge, data centralisation and data consistency are at the heart of successful data management for finance, risk and regulation, particularly as it applies to the complexity of financial institutions operating across multiple regulatory environments. The challenges to bringing these elements together are significant, but they can be tackled and results can include not only…
Peel Hunt Signs Up for Wolters Kluwer FS’s New Summix Risk Platform
UK brokerage Peel Hunt has deployed Wolters Kluwer Financial Services’ recently released Summix risk, compliance and finance platform. The system integrates technologies from acquired software providers FRS Global and FinArch, providing an upgrade path for users of these systems as well as a platform for new clients like Peel Hunt. Peel Hunt selected Summix for…
Q&A: Supermicro’s Don Clegg on Accelerated Processors For Performance and Cost Reduction
Intel’s new Ivy Bridge processor is driving new server technologies that the financial markets are keen to adopt. But in today’s cost-reduction environment, it’s not just about top performance – through accelerated CPU clock speeds – but also how to roll out and operate in a cost effective way – which brings in server density,…