RegTech Insight Blogs The latest content from across the platform
Would Google Really Buy Thomson Reuters Markets?
The idea that Google would be interested in – and is indeed seeking to – acquire Thomson Reuters Markets first came to my attention at the London Stock Exchange, oddly enough. I was there for a function, and after a panel discussion about the future of the exchange marketplace, I got chatting with a gentleman…
Only 12% of Buy Side Firms Ready for Data Requirements of Incoming Regulation, According to MoneyMate Survey
The buy side has a long way to go before it is ready for the regulatory onslaught it is facing over the next few years in terms of making its data management preparations, if recent figures from a MoneyMate survey of around 50 investment managers are to be believed. Only 12% of respondents indicated that…
BNY Mellon Appoints Stephen Lackey as Chairman of Asia Pacific
BNY Mellon has appointed Stephen Lackey as chairman of its Asia Pacific region. Lackey succeeds Christopher Sturdy, who has been Asia Pacific chairman since early 2008 and is moving to New York to take on a senior role in the firm’s Global Client Management Group. Lackey joined BNY Mellon in 1981 and has been director…
Fitch Solutions: Risk Managers Still Coming To Terms with Basel III Regulation
According to a delegate voting poll taken at the latest series of Fitch Solutions ‘Managing Credit & Counterparty Risk’ seminars this month, 43% of risk managers remain unsure if the new Basel III regulations will help them manage risk more effectively, whilst 32% believe it will improve effectiveness and, in contrast, 25% believe it will…
Liquidity Risk Regulation: Data Quality Under the Microscope
The UK Financial Services Authority’s (FSA) liquidity risk regime has set a precedent for tackling this particularly thorny area of risk management, ahead of the wider implementation of Basel III globally. Reference Data Review speaks to a number of risk technology vendors about the data quality issues underlying the liquidity risk management challenge in light of…
ISDA Proposes to Use FpML to Link Unique IDs to Standardised Derivatives and a New Central Derivative Product Registry
In line with the recent regulatory driven study into derivatives instrument identification, the International Swaps and Derivatives Association (ISDA) has released proposals to link unique IDs to these instruments and has called for the establishment of a new central derivative product registry infrastructure. The proposals are contained in a recent white paper, which suggests that…
Limited Window of Opportunity in Europe to Influence Regulatory Change Around Incoming Data Requirements, Says BBA’s Irving
Firms need to take action this year if they want to influence the evolving European regulatory process and provide feedback on the impacts of regulation on areas such as data management and risk management, according to Irving Henry, policy director for prudential capital and risk at the British Bankers’ Association (BBA). Speaking at last week’s…
Helm Bank Selects Oracle
Helm Bank, a Colombian private financial institution, has selected Oracle software and hardware to run its core banking, customer facing services and marketing functions. Helm Bank’s platform includes Oracle FLEXCUBE Universal Banking running on Oracle Exadata Database Machine which delivers extreme performance. Oracle Exadata is the only database machine that provides extreme performance for both…
State Street Report Highlights the Evolving Nature of Data Management and IT Within Financial Institutions
Global custodian State Street has released the first in a series of white papers examining the impact of technology on financial services, which (among other things) highlights the evolution of the IT and data management functions. Referring to the “true value of data”, the paper highlights the importance that data management and IT has taken…
A Recurring Refrain
Pattern recognition is obviously a handy skill to have when dabbling in the financial markets, but it’s not something often applied to regulatory developments. However, the eagle eyed of you out there may have spotted a theme and a recurring refrain within a whole host of recent regulatory papers, including the MiFID Review, UCITS IV,…