RegTech Insight Regulations The latest content from across the platform
Industry Underprepared for OTC Derivatives Trading and Market Regulation
By Ganesh Iyer, Senior Product Marketing Manager for Network Services, IPC Systems While recent years have seen much talk of financial reforms, there has remained a distinct lack of clarity around what new regulations will mean for financial institutions. In the trading industry, the regulations that will have the biggest impact are European Market Infrastructure…
Valuing High-Yield Corporate Credit in the New Regulatory Environment
The 2013 regulatory environment is putting increased pressure on valuations for speculative-grade corporate credit, namely high-yield bonds, leveraged loans and collateralized loan obligations (CLOs). Not only is the final price under greater scrutiny, financial firms will now be required to defend their methodologies on harder-to-price securities. With transparency having become the new regulatory buzzword, pricing…
A-Team Group Webinar Reveals Significant Issues in Development of the Global LEI System
The global legal entity identifier initiative is well underway with a Regulatory Oversight Committee providing governance and pre-Local Operating Units assigning legal entity identifiers, but the ultimate success of the system depends on the as yet unformed Central Operating Unit, the quality of entity data and its ongoing maintenance. These issues and more related to…
Quantifi Stresses Data Management Requirement for Basel III Credit Risk
Quantifi has built out its counterparty credit risk platform to meet the capital requirements of Basel III. But the company warns that data aggregation and management coupled to a centralised approach to the regulation are essential to full compliance and managing the cost of capital. Basel III regulation was finalised in June 2011 and will…
Financial Stability Board Suggests Centralised Trade Data Aggregation System for OTC Derivatives Market
The Financial Stability Board (FSB) is addressing issues of data aggregation for regulatory purposes in the OTC derivatives market with the suggestion of ‘a centralised or other mechanism to produce and share global aggregated data as a complement to the direct access by the different authorities to data held by trade repositories’. The FSB notes…
Fenergo Tackles the Compliance Issues of Client Onboarding
Fenergo, a provider of customer lifecycle management software, lambasts the state of financial institutions’ client onboarding in a recently published white paper, but also proposes solutions to the inherent onboarding problems of data management and evolving regulation. The white paper – entitled ‘Client Onboarding: Solving the Challenges, Maximising the Opportunities’, researched with New York-based banking…
Talking Reference Data with Andrew Delaney: Doing the DMS Rounds
Such was the success of our Data Management Summit last month that I have had my arm severely twisted and – under duress – have agreed to host another event in the autumn. We’ll be holding DMS – same time, same place – on October 3, so if you missed us last time around you’ll…
Aktia Retail Bank Selects SunGard Ambit Solution for Capital Management
Finnish retail bank Aktia is extending its use of SunGard’s Ambit risk and performance management solutions with the addition of Ambit Capital Management. The capital management application will replace a legacy vendor system, automate previously manual processes and deliver greater transparency and visibility of capital across the bank’s predominantly retail lending business. Aktia already uses…
WM Datenservice Leads Effort in Europe to Issue pre-LEI Entity Identifiers
WM Datenservice, acting as a pre-Local Operating Unit (LOU) in the global legal entity identifier (LEI) system, has registered 10 German companies with pre-LEI codes called German Entity Identifiers (GEIs) since it started issuing codes early this month. WM suggests it could issue GEIs to companies outside Germany if more pre-LOUs are not up and…
A-Team Webinar Details the Need for Independent and Transparent Security Valuations
Independent and transparent security valuations have become essential to financial institutions that must meet growing regulatory requirements with a focus on valuations and liquidity. Panel members joining this week’s A-Team Group webinar, Managing Valuations Data for Optimal Risk Management, agreed that independence and transparency are key to valuations, and highlighted growing market understanding and interest…