RegTech Insight Blogs The latest content from across the platform
US and European Regulators Pledge to Work Together for CDS CCP Oversight
Last week potentially saw the beginning of the end of the row concerning the regulation of the credit default swap (CDS) central clearing counterparty (CCP) market with an announcement from the regulatory community that it is discussing cooperation and information sharing arrangements. During a meeting hosted by the Federal Reserve Bank of New York, regulators…
American Bankers Association Concerned FASB is Ignoring Underlying Issues with Mark to Market
Following the announcement by the Financial Accounting Standards Board (FASB) earlier in the month that it would be revisiting mark to market accounting standards, the American Bankers Association (ABA) has spoken up about some concerns it has about the FASB approach. The association feels that issues underlying the controversial accounting rules are not being taken…
Risky Business
No matter where you turn these days, you’re bombarded with solutions that promise to offer better risk management capabilities and nowhere more so than the data management community. So far this year, the sheer volume of reports linking the idea of risk management with better data management is indicative of this trend in the market….
Reference Data Getting its Day in the Sun, Marcus Evans Delegates Told
Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference on 12 February. Taylor, who was chairing the event, indicated that increased regulatory…
Bankers Almanac Re-launches Due Diligence Repository with Wider Coverage and Enhanced Audit Processes
Bankers’ Almanac has re-launched its industry Know Your Customer (KYC) solution, the Due Diligence Repository, with added data coverage and enhanced audit processes aimed at reducing the need for re-checking of documentation. The vendor indicates the new additions have been developed with the assistance of industry practitioners from the Wolfsberg Group and the member banks…
OCC is Selected as New Options Symbology System Operator
Following the furore surrounding the establishment of an alternative standard to the Options Price Reporting Authority (Opra) code last year, industry participants have finally selected a suitable candidate to operate the new symbology allocation system. There were ongoing discussions throughout 2008 about the lack of agreement on the basics surrounding the introduction of a new…
Regulation and Risk Will Force Banks and Hedge Funds to Tighten EDM Controls, Says Tabb Group
Current market conditions and the threat of impending regulatory changes will force banks and hedge funds to revise their enterprise data management (EDM) strategies to improve transparency, according to recent research from analyst firm Tabb Group. Adam Sussman, director of research at the firm and author of the report, reckons requirements for better risk management…
Majority of RDR Readers Facing Decreased Data Management Budgets for This Year
The majority of Reference Data Review readers will have to do more with less this year in terms of budget for their data management projects, according to the results of our latest reader poll. The respondents to our January poll indicate that 62% of readers are facing cuts to their budgets for 2009. The financial…
SEC and FASB Work Towards Mark to Market Guidelines
Despite the ongoing controversy surrounding the US mark to market accounting rules over recent months, legislators have thus far refused to give up on them. Last week, the chairman of the US Senate Banking Committee, Christopher Dodd, confirmed that the rules would be modified but the underlying standards would remain in place. The rules have…
NYSE Euronext and Eurex Indicate Concern Over Derivatives Regulation, CDS CCP Debate Continues
Two of the contenders in the credit default swap (CDS) clearing counterparty (CCP) race, NYSE Euronext and Eurex, have expressed their concern about a draft bill in the US aimed at expanding derivatives regulation. The firms are worried that the regulation, which would require mandatory clearing of most OTC products, would have the unintended consequence…