RegTech Insight Blogs The latest content from across the platform
ISDA Marks First Anniversary of Dodd-Frank Act: Clearing, Transparency Drive Improvements
At the first anniversary of the Dodd-Frank Act, market participants, policymakers and others are assessing the safety of the over-the-counter (OTC) derivatives markets in light of the legislation as well as efforts the industry has undertaken over the past few years in conjunction with global regulators. The International Swaps and Derivatives Association, Inc. (ISDA) believes…
The AIFMD in Focus: Valuations and Data Reporting Requirements Incoming
The controversial Alternative Investment Fund Managers Directive (AIFMD), which was first proposed in 2009, was published last month and is due to come into force over the next couple of years, includes key data related requirements such as increased transparency into valuations and new fund registration processes. A-Team Insight examines the latest and final version…
New UK CEO Takes the Helm at Leading Financial Services Consultancy Capco
Capco, the global business and technology consultancy dedicated solely to the financial services industry, has announced today that Andrew Tarver has been appointed Capco’s UK Chief Executive Officer. Thirty-five year old Andrew was previously a Partner in Capco’s UK capital markets team. Ismail Amla, Capco’s previous UK CEO, will now head Capco’s North American practice….
“Hockey Stick” Moment for CVA Due to Regulatory and Accounting Rule Changes
Accounting standards changes, Basel III and the development of industry best practices for risk management and valuations have caused a “hockey stick moment” for the development of credit valuation adjustment (CVA). Dan Travers, product manager for Adaptiv and CVA solutions at SunGard, explains that CVA is a fast evolving area and the last five years…
Guilty Until Proven Innocent: The Data Quality Imperative Underlying Recent Risk Management and Regulatory Requirements
There seems to be a recurring refrain within a whole host of recent regulatory papers, including the MiFID Review, UCITS IV, Basel III, Solvency II or any number of UK Financial Services Authority (FSA) papers: references to accuracy, consistency, timeliness, reliability and completeness of data are present in all of them. Reference Data Review speaks…
Teradata’s Krishna Champions Data and IT Focused Amendments to OFR’s Structure, Talks up Big Data
Data warehousing solution vendor Teradata has thrown its hat into the ring to act as a key technology partner to the US Office of Financial Research (OFR) and Dilip Krishna, vice president of financial services at the vendor, testified during last week’s government organised roundtable on systemic risk about the benefits of a big data…
Misra Exits Algo Technologies
According to an email he circulated earlier today, Hirander Misra has resigned as CEO of Algo Technologies, a vendor of low-latency data management and connectivity, and matching engines. Misra gave no reason for the resignation, but said he would remain a board director and shareholder in the company. As for his immediate future, Misra said…
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…
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…