RegTech Insight Blogs The latest content from across the platform
ISDA Publishes Analysis of Counterparty Credit Risk Management in the US OTC Derivatives Markets
The International Swaps and Derivatives Association, Inc. (ISDA) today published a new analysis of counterparty credit risk management in the US over-the-counter (OTC) derivatives markets. The paper examines the extent of counterparty credit losses and notes the efficacy of credit mitigation techniques in the US banking system. The paper states that according to reports published…
CFTC Commissioner O’Malia Raises His Data Ownership Qualms About Swaps Data Repositories and Tech Challenges
Commodity Futures Trading Commission (CFTC) commissioner Scott O’Malia certainly hasn’t been shy of speaking out about the serious challenges that lie ahead of the regulator as it seeks to introduce new swaps data repositories and related rules, and this week he added data ownership issues to his list of concerns. Speaking during a public discussion…
Interactive Data and Thomson Reuters Q2 Results Highlight Endurance of Pricing and Ref Data Space
If Interactive Data and Thomson Reuters’ second quarter results are anything to go by, it seems that the data vendor community is more than adequately making ends meet in terms of its traditional reference data and pricing offerings. Interactive Data had a strong second quarter performance in spite of its ownership change at the end…
New Report Calls for Banking Community to Define Regulatory Data Standards to Control Spiralling Compliance Costs
A new preliminary report launched today titled ‘Strong Foundations for Regulatory Reform?’ finds that the monetary implications for financial services firms that fail to establish a more consistent data management plan can be immense. While there is currently no public sector assessment of the cost to comply, initial research studies suggest it will be in…
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…