RegTech Insight Blogs The latest content from across the platform
Volante Announces Support for Swift SR 2010 and EBAM
Powering finance with data management innovations, Volante Technologies, today announced the availability of updates to the Volante product suite with support for the latest Swift Standards Release 2010 as well as EBAM (Electronic Bank Account Management). Available as plug-ins to Volante integration tools, these include fully functional versions of the newest ISO 15022 and ISO…
UK FSA Slaps Commerzbank with £595,000 Fine for Transaction Reporting Data Failures
The UK Financial Services Authority (FSA) has fined Commerzbank £595,000 for transaction reporting failures stemming from underlying data errors, including the use of multiple internal codes for the same counterparties. The German bank’s fine may be a fraction of the £2.45 million imposed on Barclays last year, but it indicates that the regulator is continuing…
US Federal Home Loan Banks Live on Principia Structured Finance Platform for 15 Years
Principia Partners, a solution provider for the management and administration of structured finance investments, today announced that the US Federal Home Loan Banks (FHLBanks) of Atlanta, Boston, Cincinnati, Des Moines and New York have now been successfully using the Principia Structured Finance Platform (Principia SFP) for 15 years. The five regional home loan banks, which…
Bank Bukopin Selects FRSGlobal’s IFRS solution
FRSGlobal today announced that Bank Bukopin has selected FRSGlobal’s International Financial Reporting Standards (IFRS) solution. The deal was signed in collaboration with associate partner PT Nexia Indonesia Advisory Services (PTNIAS) – a partnership that was formed as part of FRSGlobal’s commitment to the Indonesian market. Tri Joko Prihanto, finance and planning director of Bank Bukopin,…
Japanese Regulator Plans to Extend Risk Reporting Requirements for Large Financial Groups
Following the release of its basic blueprint for reform of the financial services market at the end of last year, the Japanese Financial Services Agency (FSA) has this month indicated that it will be drawing up a draft bill, including reforms related to capital and liquidity risk reporting, for governmental consideration this year. A key…
DTCC Adds Three Non-Participant Board Members to its Ranks, Two New Directors
As part of the Depository Trust & Clearing Corporation’s (DTCC) bid for the approval of its Trade Information Warehouse as a data repository for OTC credit derivatives, which was finally granted earlier this year, the vendor has been making a bid to prove its stability and independence as candidate for a single market utility in…
Geithner Testifies on Lehman Failures in Front of US House Financial Services Committee, Again
For those of you that may have been asleep at the back of the room for the last two years, US regulators are doing their level best to hammer home the lessons learned as a result of the failure of Lehman, not least of which is the need to better track entity data across groups….
SEC’s HFT Proposals Could Boost Tech Vendors’ Fortunes
High-frequency trading is high on the agenda of the Securities and Exchange Commission (SEC) and two recently proposed rule changes could lead to a boon for technology providers. However, industry insiders caution that the SEC must be careful not to leak any intellectual property data it may gather from its increased surveillance of high frequency…
UK FSA Sends Out “Dear Compliance Officer” Letter for SCV Reforms, Data Testing on its Way
In line with its recent more aggressive approach to ensuring the market complies with its demands, the UK Financial Services Authority (FSA) has this month sent out a letter to compliance officers about the upcoming single customer view (SCV) reforms. According to the regulator, the letter is aimed at providing more information about the new…
Wall Street Reform Act Includes Key Risk and Data Requirements in Light of Lehman Failure
The US House Committee on Financial Services’ Wall Street Reform and Consumer Protection Act, which is currently making its way through the US legislative process, is seeking to rectify a number of inadequacies in light of the failure of Lehman, including key provisions around data and risk management. For example, the issue of living wills…