RegTech Insight Blogs The latest content from across the platform
Broadridge and CTI Form Strategic Alliance to Provide Advanced Tax Reporting and Compliance Solutions
Broadridge Financial Solutions and Compliance Technologies International (CTI) jointly announce that they have entered into a partnership that integrates Broadridge’s Tax Managed Services (TMS) with CTI’s Tax Withholding software. This alliance offers broker-dealers comprehensive tax reporting and compliance capabilities designed to meet the increasingly complex tax processing and withholding needs of financial services firms. Through…
Serious Scientific Task Awaits the OFR and FSOC, Says Systemic Risk Focused Academic Liechty
As well as the data standardisation challenge, the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC) also face the “significant scientific task” of understanding how to use this data, according to academic John Liechty, professor of marketing and statistics at Smeal College of Business for Penn State University and director for…
OFR’s Ref Data Could be a Cyber Attack Target, Warns Sans Institute’s Paller
As well as coming under attack for its central theory of collecting data for systemic risk analysis during a government organised roundtable last week (see more on which here), the US Office of Financial Research (OFR) also came under fire for the potential information security threat it could pose. Alan Paller, founder and research director…
EC’s Barnier Indicates Will Not Go Ahead with Proposed Mark to Market Changes Before IASB Rules are Finalised
The European Commission’s EU Internal Market Commissioner Michel Barnier has publicly stated this week that Europe will not go ahead with the adoption of the International Accounting Standards Board’s (IASB) proposed mark to market changes before the related accounting rules are finalised. The accounting standards body has been working on a redefinition of fair value…
US Treasury’s Berner Expounds on the Benefits of the OFR, Discusses the LEI and an Upcoming Conference on Data
This week, the US government organised a roundtable event to discuss the developments around tracking systemic risk and the establishment of the Office of Financial Research. Representing the OFR, Richard Berner, counsellor to the US Department of the Treasury’s Tim Geithner, championed the benefits of reference data standardisation, the recent progress made around setting legal…
Not Much Ado About …
Something or nothing? I guess it depends on one’s POV. I’m referring to today’s deadline for implementing SEC rule 15c3-5 – aka the Market Access Rule – which bans naked sponsored access. While parts of that rule – related to aggregated risk and covering fixed income securities – now do not need to be complied…
New Chairman of the ABFA
The Asset Based Finance Association has announced the appointment of its new chairman, John Bevan, head of Trade and Working Capital UK & Ireland at Barclays Corporate. John has worked in the invoice finance industry for the past 16 years and been at Barclays Corporate since 2007 where he is responsible for growing the trade…
Deutsche Bank’s Scott and Northern Trust’s Chapman Highlight the Regulatory Deluge Facing Ops Teams in 2012
There are so many regulations facing the corporate actions and securities operations sector that back office teams may be hard pushed to get on with their day job, said Justin Chapman, global head of industry management, operations and technology at Northern Trust, at this month’s CorpActions 2011 conference in London. Nick Scott, managing director and…
SmartStream Supports Regulatory Reporting Requirements with New TLM Solution for Archiving Historic Transaction
SmartStream, the financial Transaction Lifecycle Management specialist, today announced the launch of TLM Archive, a new tool that delivers long-term storage and retrieval of transaction data to aid regulatory reporting requirements. The efficient management of transaction data has been an issue for many firms as regulators increase the time that historical data must be stored…
Citi Whitepaper Outlines the Top Five Issues OTC Derivative Investors Must Plan for in the Wake of Dodd-Frank Reforms
Citi announced today that it has released a new whitepaper that outlines the top five issues that OTC Derivative investors must plan for in the wake of Dodd-Frank reforms. “Ready or Not? Here It Comes: OTC Derivatives in the Post-Dodd-Frank Landscape – Implications for Investment Managers,” describes the challenges facing investment managers across operations and…