RegTech Insight Blogs The latest content from across the platform
Steve Davey Joins RIMES as Head of IT Infrastructure & Information Security
To support the company’s continued growth, RIMES today announced that Steve Davey has joined the company as Head of IT Infrastructure and Information Security, effective immediately. Reporting jointly to the CEO and the CTO, Davey will be responsible for maintaining RIMES’ global IT infrastructure and data centers in order to further enhance the delivery and…
Krung Thai Bank Implements Financial Studio IAS/IFRS
Financial Architects (FinArch), the market leading vendor for integrated Finance and Risk software solutions, is pleased to announce that Krung Thai Bank has selected its flagship Financial Studio to address Bank of Thailand (BOT) IAS 39 requirements. Krung Thai Bank Public Company Limited (“Krung Thai Bank”) decided to implement the packaged IFRS solution to achieve…
SNR Denton Helps First Data Obtain Approval from European Regulators for its Binding Corporate Rules for Data Privacy
SNR Denton has successfully helped First Data Corporation, a global leader in electronic commerce and payment processing, obtain approval from European Data Protection regulators for its Binding Corporate Rules for data privacy (BCRs). Today, the Information Commissioner’s Office granted authorisation of First Data’s BCRs, making it the eleventh company to obtain such authorization. First Data…
Panel Agrees LEI Standards and Infrastructure are Likely to Face Some Delays, CFTC Deadline is First Milestone
A lot of progress may have been achieved this year with regards to moving towards a new legal entity identification (LEI) standard, including getting the G20 to pay attention to the work that has happened thus far (see more on which here), but once the initiative reaches the implementation stage there are likely to be…
FESE’s Berthoud Elaborates on the MMT Initiative for Trade Flag Standardisation
Marc Berthoud, vice chairman of the Federation of European Securities Exchanges’ (FESE) Economics and Statistics Committee and deputy head of data and index products SIX Swiss Exchange, explained the details of the exchange association’s recent initiative in the market data space: the Market Model Typology (MMT), to delegates at last week’s FIMA conference in London….
Monoline Exposures Resulted in $54 Billion in Charges for Banks, According to New ISDA Study
The counterparty credit risk exposure of 12 US bank holding companies and international banking companies to monoline insurers has led to some $54 billion in write-downs by the banks since 2007, according to a new analysis by the International Swaps and Derivatives Association, Inc. (ISDA). ISDA conducted the study as part of its examination into…
Basis Technologies and UC4 to Provide Customers with Integrated Solutions for Large Scale Automated Data Processing
Basis Technologies International (BTI), a leader in add-on solutions that optimise SAP, has announced a strategic partnership with UC4, the world’s largest, independent IT automation software company. The partnership will deliver innovative solutions for SAP customers, including the integration of BTI’s Mass Data Runtime—a solution which delivers dramatic data processing improvements and is certified as…
State Street Appoints Finbarr Downing as New Head of Compliance for State Street International Ireland
State Street Corporation, one of the world’s leading providers of financial services to institutional investors, today announced the appointment of Finbarr Downing to head of compliance for State Street International Ireland. Finbarr joins State Street from Northern Trust where he served as head of fund and regulatory compliance. As head of compliance for State Street’s…
SEC Enforcement Division Produces Record Results in Safeguarding Investors and Markets
The Securities and Exchange Commission today announced that the agency filed a record 735 enforcement actions in the fiscal year that ended September 30. This record number includes many cases involving highly complex products, transactions, and market practices, including those related to the financial crisis as well as insider trading by market professionals. “We continue…
Virginie’s Blog – Making Threats and Opportunities
This week’s FIMA conference in London as usual saw industry practitioners discussing their recurring bugbears – IP rights within the vendor community, a lack of budget for more strategic data management projects (outside of those tied to compliance) and coping with the cost cutting exercises sweeping the financial services community – but it also involved…