RegTech Insight Blogs The latest content from across the platform
Welcome to the Hotel California
A particular analogy used by a panellist at last week’s SunGard City Day in London (what once used to be the GL.Net Forum) stuck with me all weekend. In reference to the current regulatory regime, the speaker from Royal Bank of Canada compared the situation his firm was facing in light of the regulatory driven…
Euroclear Management Reshuffle Continues, May is Next Out of the Door
International central securities depository (ICSD) Euroclear has certainly had its fair share of people moves this year, with the departure of a number of its Xtrakter subsidiary execs earlier this year and the upcoming addition of ex-BNP Paribas Fortis exec Lieve Mostrey as chief technology and services officer at the start of next month. Following a…
Resolving Symbols and Enabling Choice (Sponsored Article)
By Mark Woolfenden, managing director of FOW TRADEdata The choice of and the investment in trading solutions for both the buy side and sell side of the derivatives industry is an important determinant in the degree to which competition exists in brokerage and other trading related services. Well managed instrument symbology enables sell side firms…
B-Next’s Fabisch Talks up Growth Plans, Two New London-based Clients
Following its decision to partner with Interactive Data and set up UK-based operations last year, compliance and regulatory reporting platform vendor b-next has bagged two new clients in London and is searching for new recruits to bolster its team in the city. The vendor is looking to hire on the ground staff to deal with…
DTCC Names Leonard Head of Operational Risk
The Depository Trust & Clearing Corporation (DTCC) announced today that it has named Andrew Leonard as managing director and head of Operational Risk for DTCC. In this new position, Leonard will report directly to Donald Donahue, DTCC chairman and chief executive officer. Leonard is a financial industry veteran with more than 25 years’ experience leading…
Thomson Reuters Launches Governance, Risk and Compliance Business Unit
Thomson Reuters today announced the creation of a new business dedicated to serving customers across the span of Governance, Risk and Compliance (GRC). The new business brings together Thomson Reuters GRC brands including Complinet, Paisley, Westlaw Business, West’s Capitol Watch, Oden and Westlaw Compliance Advisor. It will be led by Thomson Reuters former chief strategy…
Bar Codes for Banking: GS1 US and Financial InterGroup Creating Practices for Identifying Financial Documents
Nearly 40 years after the retail industry adopted the UPC bar code to improve transaction processes and information flow, the bar code’s administrator and a financial industry development firm are working to bring similar gains to financial documents, their associated electronic financial transactions, and their users. GS1 US, the not-for-profit standards organisation that supports the…
Barrage of New Regulation Could Cause Death by Data Drowning, Warns ISMAG’s Gubert
The slew of new regulations entering into force over the next few years, including a new iteration of MiFID, the multiple legislative changes resulting from the Dodd-Frank Act and the Securities Law Directive (to name just a few), will result in such an increase in reporting requirements that firms may find themselves in danger of…
Are Barcodes Really the Answer to the Industry’s Ref Data Woes?
Given the repeated calls for the financial services industry to learn from other industries with regards to data management techniques, it was really only a matter of time before the idea of barcodes was mooted as a potential solution to entity and instrument identification. But is this a realistic idea or just another to add…
SimCorp’s Schröter Elaborates on Decision to Partner with Aim Software for Data Heavy Lifting
SimCorp’s recently announced decision to partner with data management solution provider Aim Software was based on the desire to better support its clients’ requirements around golden copy record production, explains Marc Schröter, SimCorp’s senior vice president and head of strategic research. Up until now, the vendor has left its clients to deal with the process of…