RegTech Insight Blogs The latest content from across the platform
DTCC Applying for Limited Trust Status for Trade Information Warehouse, Plans European Subsidiary
The Depository Trust & Clearing Corporation (DTCC) has filed applications to establish a limited purpose trust company that will house the functions of its Trade Information Warehouse for credit derivatives. The vendor has taken such a step to meet the enhanced risk and regulatory requirements of the current market, says Donald Donahue, DTCC chairman and…
HSBC USA Joins ICE Trust as a Clearing Member for CDSs
IntercontinentalExchange (ICE) has added HSBC USA as a clearing member of its clearing counterparty (CCP) for the credit default swap (CDS) market, ICE Trust. The CCP, which launched on 9 March, was the first contender in the US market to receive regulatory approval from the Federal Reserve and the Securities and Exchange Commission (SEC) and…
Data is More Important Than Ever Before But Cultural Barriers Remain, Says Evaxyx
The issue of data management is so important in the current market that it has been raised as a priority at the board level, according to a recent report conducted by Amber Group and commissioned by data integration consulting firm Evaxyx. The focus on improving risk analysis and reporting systems has meant that data management…
Trillium Software Adds More Bells and Whistles to Flagship Solution, Including New Dashboard
Trillium Software has released a new version of its enterprise data quality solution, Trillium Software System, which it says is aimed at accelerating the design, development and deployment of real-time data quality programmes across an organisation. The development of version 12 of the solution was prompted by client requirements for faster and more accurate data…
IASB Indicates Will Expedite Overhaul of IAS39 in Line with EU Government Requests
Following complaints by European Union finance ministers about a disparity between accounting standards in the region and the US, the International Accounting Standards Board (IASB) has indicated that it will speed up the decision making process with regards to altering the rules in question. The IASB had originally planned a revision of IAS39 to be…
Information Builders Launches New XBRL Reporting Platform
Business intelligence solution vendor Information Builders has launched a new platform for the filing of global financial reports in XBRL format. The WebFocus Financial Reporting Exchange platform is aimed at reducing the cost and complexity of filing these reports in XBRL, as required by the Securities and Exchange Commission (SEC), says the vendor. The SEC…
Thunderhead Updates Customer Communications Platform with Two New Modules
Document management system vendor Thunderhead has released an updated version of its customer communications platform, Thunderhead Now. Version 5.0 of the solution features two new modules: Contribute Now for the updating of content by non-technical users; and Analyse Now, which includes a set of new analytical tools. Glen Manchester, CEO of the vendor, explains that…
US Markets on Course for Sweeping Changes to OTC Derivatives Regulation
The US government has this week released a set of proposals to reform the regulatory regime governing the OTC derivatives markets. The proposals, which were tabled by Treasury secretary Timothy Geithner, would mandate that all derivatives deemed to be “standardised” are cleared via designated clearing houses and they are aimed at increasing transparency in these…
DTCC Plans to Expand CCP Services and Streamline Netting Process for MBSs
The Depository Trust & Clearing Corporation (DTCC) is planning to introduce daily trade netting for mortgage backed securities (MBS) transactions to further expand its planned central counterparty services. It hopes to cut the high cost of processing these trades and bring greater risk protection to this traditionally risky market. In a white paper recently published…
DocGenix and Markit Team up for Documentation Risk Management Initiative
OTC derivatives documentation specialist DocGenix and Markit Document Exchange have signed a strategic initiative aimed at combining their respective offerings to create a single platform for the management of complex legal agreements. Penny Davenport, managing director and head of Markit Document Exchange, explains that the two vendors have been in discussions about the project since…