RegTech Insight Blogs The latest content from across the platform
ICE Trust Claims Clearance of US$71 Billion in First Four Weeks
Following its launch on 9 March, IntercontinentalExchange’s clearing counterparty (CCP) for the credit default swap (CDS) market, ICE Trust, has cleared US$71 billion of CDS index contracts, says Dirk Pruis, president and chief operating officer of the CCP. ICE Trust was the first CCP to clear CDS transactions in the US market, as it gained…
Broadridge Launches Virtual Shareholder Meeting Service, Including Online Voting
Broadridge Financial Solutions has launched its new Virtual Shareholder Meeting (VSM) service, which allows corporate issuers to conduct their annual shareholder meeting electronically. The online meeting format, which can be streamed as audio or video feed, is aimed at increasing participation in annual general meetings and may drive up the volumes of corporate actions events…
Fitch Ratings and S&P to Consider Counterparty Risk Measurement Changes
Ahead of the Securities and Exchange Commission (SEC) roundtable on the 15 April, Standard & Poor’s and Fitch Ratings have both indicated that they are considering changes to the way they assess counterparty risks for certain structured products. The SEC is due to scrutinise the practices of the ratings agencies later this month and is…
Lack of Standardisation Remains a Sticking Point for Counterparty Data Management, Says Panel at A-Team Group, Asset Control and Avox Event
The topic of counterparty risk is no stranger to the headlines at the moment but, despite its high profile, counterparty data management has still got a long way to go, according to speakers at a recent event organised by A-Team Group, Asset Control and Avox. Martijn Groot, director of market strategy at EDM vendor Asset…
FASB to Vote on Controversial Fair Value Proposals on 2 April
Following the heavy criticism that has been levelled at the Financial Accounting Standards Board (FASB) for its failure to act on issues with fair value accounting standards, the industry body has indicated that it is now preparing for the final vote on its proposals, which were announced on 16 March. The FASB will be carrying…
Quantifi Releases New Version of Solution for North American CDS Changes
Following recent upgrades by its competition, analytics and risk management solution vendor Quantifi has released a new version of its solution to support the impending changes to the North American credit default swap (CDS) market. Rohan Douglas, CEO of the vendor, explains that Version 9.1.4 of its solution has been released to support the new…
CESR to Get New Regulatory Powers Over Credit Ratings Agencies, SEC Plans Roundtable on Subject
Somebody should have told the credit ratings agencies to beware the ides of March. Regulators from both sides of the Atlantic have been scrutinising the ratings community this month: the Securities and Exchange Commission (SEC) is gearing up for its roundtable discussion on the subject on 15 April and there are ongoing discussions within the…
DTCC GCA Launches New Web Browser Service for Real-Time Corporate Actions Data
The Depository Trust & Clearing Corporation’s (DTCC) Global Corporate Actions (GCA) business unit has launched a new web browser service that offers real-time access to its global, validated corporate action database. Brett Lancaster, DTCC vice president of GCA, explains that the service is aimed at providing a low cost entry point to often expensive corporate…
ICE US Trust is First CCP to Clear CDS Trades in US Market
Following its approval two weeks ago by the regulatory powers that be, IntercontinentalExchange’s ICE US Trust has become the first clearing central counterparty (CCP) to clear credit default swap (CDS) transactions in the US market. According to ICE, it pipped rival CME Group to the post by guaranteeing 91 swaps transactions valued at US$7.1 billion…
Data’s day in the sun
If nothing else, this month’s TSAM conference demonstrated that regulators are going to play an even more important role in data management than ever before. As Mike Atkin, managing director of the EDM Council, told delegates, the regulatory community is now actively taking an interest in how to encourage greater standards adoption in the area…