RegTech Insight Regulator Watch The latest content from across the platform

US Fed and SEC Ratify Data Sharing Agreement

Following months of discussions, the US Federal Reserve and the Securities and Exchange Commission (SEC) have finally signed a formal agreement that explicitly allows for the two agencies to share information about the inner workings of investment banks. According to the memorandum of understanding, the SEC will provide the Fed with “information and analysis regarding…

US Fed and SEC to Draw up Agreement on Data Sharing

The US Federal Reserve and Securities Exchange Commission (SEC) are discussing an agreement to revamp the regulation of the US financial markets, which could include drawing up data sharing agreements between the two bodies. The agreement, which is rumoured to be announced this week, is intended to fill gaps in regulatory oversight and increase cooperation…

Eaton Vance Selects Eagle to Build Investment Systems Data Warehouse

Boston-based investment management firm Eaton Vance has implemented Eagle Investment Systems’ data management and mutual fund performance solution in order to build an investment systems data warehouse. The selection of Eagle’s offering is to support the investment manager’s plans to outsource the servicing of its institutional business to Bank of New York Mellon (BNY Mellon)…

Markit Offers Free Access to RED for Smaller CDS Firms to Encourage Broader Buy Side Buy In

Data, portfolio valuations and OTC derivatives trade processing vendor Markit has released a new license for its Reference Entity Database (RED) for smaller buy side firms. Under the terms of the new license, asset managers with low credit default swap (CDS) trading volumes that use DTCC Deriv/SERV for trade confirmation will gain free access to…

SEC to Mandate Adoption of XBRL Financial Reporting For Large Publicly Listed US Firms

The Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting by 15 December. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag their financial…

SEC’s Cox to provide guidelines for adoption of XBRL

Christopher Cox, the Securities and Exchange Commission (SEC) chairman, is expected to release recommendations this week about how US companies can adopt extensible business reporting language (XBRL) for their financial reporting. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag…

Taking the Risk Out of Mutual Fund Compliance By Jeff Levering, Vice President, NewRiver

Selling a mutual fund requires complex mutual fund information to be summarised down into data that sellers can understand, which is most often driven by a technology or data warehouse infrastructure. Missing and/or bad mutual fund data is nothing new, but it has recently garnered the attention of regulators as it was directly responsible for…

IntellectSpace Releases FN Knowledge Mapping

IntellectSpace has introduced IntellectSpace FN Knowledge Mapping, a solution for investment banks and private equity firms that automatically discovers, analyzes, and visually maps key relationships among companies and people. IntellectSpace FN is an engine that draws on the SEC disclosures and corporate announcements to graphically represent the underlying relationships that can reveal both risk and…

DTCC ‘Golden Copy’ Repository Is Good News for Credit Markets

News that the Depository Trust & Clearing Corp. plans to build a central repository for holding so-called golden copies of trade details for the OTC derivatives marketplace – and in particular for credit derivatives – will be welcomed by industry participants. Certainly, the credit derivatives marketplace has been crying out for help in getting its…

J.P. Morgan Adopts Central Reference Data Hub To Support Global Credit Trading Operation

J.P. Morgan Chase is building a business-aligned reference data hub in support of the major reengineering of its credit trading operation onto a single platform. The hub – essentially a central global hub for credit reference data – will commingle corporate data, vendor data and business-specific data into a single, unified service available to all…