RegTech Insight Regulations The latest content from across the platform
Who’s Certified to Operate as a Credit Ratings Agency in Europe?
As part of the regulatory crackdown on ratings agency in the post-crisis financial markets environment (and in accordance with Article 18(3) of the Credit Rating Agencies Regulation), the European Securities and Markets Authority (ESMA) is required to publish a list of all credit ratings agencies that have been registered or certified to operate in the…
Northern Trust Helps Clients Navigate the Foreign Account Tax Compliance Act (FATCA)
As part of its commitment to helping institutional clients manage the evolving regulatory landscape, Northern Trust hosted a webinar on 9 August 2011 that explored the impact of the Foreign Account Tax Compliance Act (FATCA) on fund managers. The webinar included an overview of FATCA, implications for fund managers globally and information on how Northern…
Hong Kong Monetary Authority Proposes New Trade Data Repository Reporting Standards, Keeps a Close Eye on LEI Developments
The Hong Kong Monetary Authority’s (HKMA) recently published consultation paper on reporting to the Hong Kong Trade Repository (HKTR) indicates that the regulator is aware of the “considerable amount of time” it will take for firms to be ready for reporting and that international standards developments need to be factored into the equation. The paper,…
GlobeOp Launches Form PF Reporting Service for Hedge Funds Ahead of SEC Deadline
With the first SEC deadline for private fund (Form PF) reporting currently less than six months away for many large hedge funds and managed account platforms, GlobeOp Financial Services has launched a reporting service to specifically support the requirements. “Many funds with more than $1 billion in assets under management (AuM) potentially face their first…
Virginie’s Blog – What’s on the UK FSA’s Radar for the Next Nine Months?
Given that many data managers (and vendors) in the UK are counting on tying their upcoming data projects to new regulatory requirements, the Financial Services Authority’s (FSA) recently published milestones for the next nine months could prove useful in setting the agenda for the next three quarters. The list of regulatory papers, research projects and…
Survey: Data Management Issues Delay Liquidity Risk Progress
Critical data management issues continue to impede the successful development of effective liquidity risk management strategies – and most of these issues can only be resolved through collaborative solutions, according to a new white paper from SWIFT, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries. The findings of…
Canadian Regulator Stresses the Importance of Keeping in Line with International Data Standards
The Canadian Securities Administrators’ (CSA) trade repositories consultation paper, which was published at the end of June, reflects the importance the regulator is placing on keeping the country in line with international data standardisation efforts. The trade repositories proposals, which were put together by the CSA’s derivatives committee as part of its overhaul of the…
Opinion: A Reader Suggests an Organisational Structure for Thomson Reuters FP&M
By Ross InglisAs a long-time former employee of Thomson Reuters (over 14 years), I took little pleasure in seeing the changes announced last month. It has been a difficult period following the acquisition of Reuters by the Thomson Corporation and it has not been made any easier by upheaval in the world’s financial markets and…
Virginie’s Blog – What Visser’s £2m FSA Fine Says About Data and Control
The news this week that hedge fund manager Michiel Weiger Visser has been slapped with the highest ever fine for an individual (at £2 million) and struck off by the UK Financial Services Authority (FSA) not only highlights the current focus of the regulator on dealing swiftly and harshly with market abuse infractions, but also…
AFME Pledges Support for a Consolidated Tape, Gathers Info on Post-Trade Transparency for Non-Equity Markets
As part of its response to the European Commission’s proposals under the second iteration of MiFID, the Association for Financial Markets in Europe (AFME) has championed the cause of a consolidated tape for post-trade equity data in the region. However, although it acknowledges the need for greater transparency in the non-equity markets, the industry association…