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The FSA’s Incoming Liquidity Regime: What Will it Mean for Data Management?
The compliance departments and senior managers of those affected by the UK Financial Services Authority’s (FSA) incoming liquidity reporting regime have finally begun to sit up and take notice of its implications, but what does it all mean for the data management community? When it was announced at the end of last year in an…
CESR Elaborates on OTC Derivatives Identifiers for Transaction Reporting
The Committee of European Securities Regulators (CESR) has published a consultation paper recommending the adoption a set of identifiers and classifications for OTC derivatives for the purpose of including those instruments in the exchange of transaction reports amongst CESR members. These reports are currently exchanged between regulatory authorities via an IT system, dubbed the Transaction…
XtremeData Leapfrogs Competitors with a New Breed of Appliances for Database Analytics
XtremeData, an innovator providing solutions to large data analytics and complex computing problems, today announced the general availability of dbX™. The dbX family represents the next generation in database appliances designed specifically for the unconstrained analysis and exploration of large data sets. The product is a fully-integrated platform and features patented SQL in Silicon™ hardware…
EDM Council Continues Campaign for Regulatory Recognition of Data’s Importance
The EDM Council has been a veritable hive of activity this year with its active campaign to get the regulatory community engaged in the issues surrounding data management. To this end, Mike Atkin, managing director of the industry body, has been on countless visits to US, UK and European legislators to ensure that data standardisation…
SEC Grants ICE Clear Europe and Eurex Clearing Exemptions to Operate CDS CCPs
The Securities and Exchange Commission (SEC) has approved conditional exemptions that will allow ICE Clear Europe and Eurex Clearing to operate as central counterparties (CCPs) for clearing credit default swaps (CDS). These conditional exemptions provide the SEC with regulatory oversight of the CCPs and should enhance the quality of the CDS market and the Commission’s…
CFTC’s Gensler Calls for Interoperability for OTC Derivatives Clearing Market
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), has this week elaborated on his desire for more competition to be introduced to the OTC derivatives clearing environment. Gensler testified before Congress to encourage the US government to introduce greater levels of standardisation within the market and the ability for market participants to be…
US on Course for SEC Mandated Crackdown on Ratings Agencies
Following the discussions earlier this year by US Congress to overhaul the beleaguered credit ratings agency business, this week the US Treasury released proposals aimed at reducing conflicts of interest within these agencies. The idea to change their fee structures was first tabled in April during a Securities and Exchange Commission (SEC) roundtable and these…
Buy Side Participation for ICE Trust to be Enabled in October
IntercontinentalExchange (ICE), an operator of regulated global futures exchanges, clearing houses and OTC markets, has developed a solution that provides segregation of customer funds and positions in credit default swap (CDS) clearing. The solution, which will enable buy side participation in CDS clearing, is expected to be introduced in October 2009, subject to regulatory approval….
DTCC’s Donahue Champions Single Trade Repository for OTC Derivatives
Donald Donahue, chairman and CEO of the Depository Trust & Clearing Corporation (DTCC), today stressed that a single trade repository for OTC derivatives contracts is essential to mitigating risk and enhancing transparency in the market. Donahue made his remarks as part of his keynote address at a US Chamber of Commerce discussion titled “Modernising Derivatives…
Icap and Fincad Team up for Fair Value Insight Solution
Icap and Fincad have launched a new solution to address the growing need for increased transparency and independent valuations allowing better liquidity, counterparty and operational risk management. Fair Value Insight is a secure web-based derivatives valuation solution built on Fincad’s industry standard analytics and Icap’s market data. The solution enables corporate treasuries, banks, asset management…