RegTech Insight Blogs The latest content from across the platform
Woodbine Associates Welcomes Equity Market Analyst
Woodbine Associates is pleased to welcome Michael Kurzrok in the role of Director. Mr. Kurzrok will focus on analysis of strategic, business, regulatory, market structure and technology issues and how these influences impact firms in the global equity markets. He also will undertake consulting engagements for Woodbine Associates’ clients. The bulk of Mr. Kurzrok’s financial…
Interactive Data Reports Second-Quarter 2011 Results
Interactive Data Corporation today reported its financial results for the second quarter ended June 30, 2011. Interactive Data’s second-quarter 2011 revenue increased 11.5% to $216.3 million from $194.0 million in the second quarter of 2010. This marks the highest quarterly revenue in the Company’s history. Second-quarter 2011 revenue was reduced by $0.3 million due to…
George Crooks of Wolters Kluwer Financial Services Comments on the Further Delay of Solvency II to 2014
“Concern over the risks associated with an extended and asymmetrical transition to Solvency II from the start of 2013 has left the European Parliament with little choice but to postpone its introduction to 2014, and this decision would have been met with differing opinion within the industry. Firms that have already taken significant steps towards…
LSE’s Acquisition of the UK FSA’s TRS for £15m Brings UnaVista’s Range of Functions to an Extended Client Base, Says Husler
The announcement this week that the London Stock Exchange (LSE) is in the process of acquiring the UK Financial Services Authority’s (FSA) approved reporting mechanism (ARM) is likely to be the first but not the last acquisition that the exchange operator will be making in the post-trade space this year, if CEO Xavier Rolet’s ambitions…
Virginie’s Blog – Entity Data Management Falls Down Cross Border
In the same week that the Royal Bank of Scotland’s US ops were slapped with a cease and desist order by the Fed for anti-money laundering (AML) and risk management failures (see more on which here), the International Monetary Fund (IMF) produced a working paper on the state of cross border AML compliance highlighting the…
Virginie’s Blog – More Than a Question of Technology
This afternoon I conducted my first ever twitterview (a twitter interview conducted via my handle @virginieateam) with Marcus Cree, director of risk solutions for SunGard’s capital markets and investment banking business (@MarcusCreeRisk), and Michael Versace, director of global risk at analyst firm IDC-Financial Insights (@versace57). Amusingly, given the format, the topic of conversation was the…
FSA Enters Into an Agreement to Sell TRS to the London Stock Exchange
The Financial Services Authority (FSA) has entered into a conditional agreement to sell its Approved Reporting Mechanism (ARM) known as the Transaction Reporting System (TRS) to the London Stock Exchange (LSE) for £15m. The TRS is an ARM established in the UK market for the reporting of transactions in regulated instruments by firms to the…
Fed’s Cease and Desist Order for RBS Highlights the Data Issues Underlying its AML and Risk Management Practices
The issuance of a joint consent cease and desist order by the US Federal Reserve Board and a number of other state regulators last week for Royal Bank of Scotland (RBS) Group’s New York, Illinois and Connecticut branches indicates some of the data issues underlying its risk management and anti-money laundering (AML) compliance functions. The…
IASB Kicks off Public Consultation About Future Focus of IFRS Work Plan
The International Accounting Standards Board (IASB) has asked the industry to provide feedback about its future priorities, as Europe pauses before implementing fair value standards and the standard body awaits a decision from the US about adoption of International Financial Reporting Standards (IFRS). IASB chairman Hans Hoogervorst stated this week that the consultation comes “at…
Large Trader Reporting and the Data Nightmare
Continuing on my ‘busy summer’ theme and adding to the seemingly constant barrage of new regulatory requirements, the Securities Exchange Commission (SEC) has this week voted unanimously to adopt a new rule establishing large trader reporting requirements (see the release on the SEC’s website here). Of course, the aim of the new rule (as with…