RegTech Insight Blogs The latest content from across the platform
Seven Ways to Reduce IT Costs with Master Data Management
By Ravi Shankar, senior director of product marketing at Siperian Information technology managers are facing a dilemma given the current economic climate – despite budget cuts, companies do not expect reductions in the service levels provided by IT to the business. Under such circumstances, how do you maintain or improve service levels, and continue to…
Liffe’s Bclear is First to Offer CDS Clearing, CME Offers Equity Stakes in Clearing Venture
Originally appeared in MiFID Monitor The credit default swaps (CDS) clearing race is well underway, following regulatory approval by European and US regulators at the end of last year. The European Commission has also received commitments from dealers and exchanges that they will shift their clearing onto the available platforms in the coming months. However,…
SEC Continues Defence of Fair Value Accounting Standards
The Securities and Exchange Commission (SEC) again defended its decision to retain fair value accounting standards on 30 December, following further calls from the banking community to suspend the contentious rules. The regulator has previously stated that it will be focused on improving rather than suspending the rules. “Fair-value accounting did not appear to play…
SEC Confirms US Companies Required to File Financial Reports Using XBRL in 2009
Originally appeared in MiFID Monitor The US Securities and Exchange Commission (SEC) has confirmed that from mid-next year large public corporations and mutual fund companies will be required to submit their financial reports in extensible business reporting language (XBRL). The move, which was initially proposed in May, is aimed at making it easier for investors…
Financial Crisis Has Focused Institutions on Data Quality Initiatives, Says Information Difference
The recent financial crisis will not deter financial institutions from investing in master data management (MDM) and data quality systems, according to a recent survey conducted by consulting firm the Information Difference and sponsored by Trillium Software. The findings of the survey suggest that these initiatives will be of mounting importance to businesses in the…
What is Your Latency IQ?
Capital markets firms have been implementing a number of different strategies for reducing latency – from increasing network bandwidth, to implementing low latency applications, to collocation – giving rise to the question: What’s next? To get the best trade, firms realize their need for visibility into the entire chain of trade execution events in real…
‘Tis the Season to be Wary
It would be a vast understatement to say it has been a challenging year; for many 2008 has been wrought with redundancies, pay cuts and a significant increase in workload. ‘More for less’ seems to have been adopted out of necessity as the latest industry catchphrase. However, it has not all been doom and gloom:…
IBM Data Governance Council Promotes XBRL for Risk Measurement Reporting Standards
Originally appeared in MiFID Monitor In order to tackle the inconsistency in the measurement of aggregate risk in the market the IBM Data Governance Council is seeking responses from market participants to its recent proposals for risk measurement reporting standards. The group, which was set up three years ago by IBM and comprises 50 financial…
UK FSA Agrees to Review JWG-IT Group Proposals on Counterparty Data Management
Originally appeared in MiFID Monitor The UK Financial Services Authority (FSA) has agreed to review London-based think tank JWG-IT Group’s guidance on wholesale customer data management, which it plans to submit to the regulator in the first quarter of next year. The group is in the process of drawing together industry guidance that is aimed…
Finra’s Goldschmid Calls for Major Changes at SEC, Including Merger with CFTC
Originally appeared in MiFID Monitor Harvey Goldschmid, a member of the board of the Financial Industry Regulatory Authority (Finra) and former Securities and Exchange Commission (SEC) commissioner, has called for wide ranging changes to the regulatory body, including a merger with the Commodity Futures Trading Commission (CFTC). He discussed the matter at a recent conference…