RegTech Insight Regulations The latest content from across the platform
Calypso Technology Releases Version 12
Calypso Technology Inc., the global capital markets platform provider, today announced the release of Calypso Version 12 (V12) of its cross-asset, front-to-back office platform. The new release improves on best practice standards with stronger seamless integration across asset classes and between functional layers. V12 also builds on Calypso Technology’s growing status as a single-source-of-truth for…
CFTC and SEC Describe Data Focused Investment Plans for 2012, CFTC Establishes Data Standardisation Subcommittee
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have once again testified before the Senate regarding requests for an increase in their budgets for next year, including US$66 million earmarked by the CFTC for technology and US$78 million for the same on the part of the SEC. During his testimony,…
Sifma Led Financial Association Coalition Provides OFR with a Wish List for the LEI, Sets 30 May Deadline
The 13 strong, Sifma led coalition of industry associations involved in providing feedback to the regulatory community regarding the establishment of a new global legal entity identification standard has finally produced its comprehensive list of requirements for the ID. The group has also set a deadline of the end of this month (30 May) for…
CFTC Releases Draft Implementation Proposals, Data Reporting Timelines are a Key Consideration
Following on from the decision last week to give the industry an extra 30 days in which to provide feedback on the majority of its recent proposals, the Commodity Futures Trading Commission (CFTC) has released a short consultation paper concerning the phased implementation timelines for the swaps component of the Dodd Frank rules, which highlights…
State Street Vision Report Examines the Impact of Regulatory Change Within Europe’s Investment Management Industry
State Street Corporation today released the latest of its Vision Focus reports which identifies trends within the European investment management sector. Entitled, “The Changing Shape of European Investment Management,” the report examines the wave of new regulation worldwide and its impact on business practices and operating models. According to the report, regulatory efforts have shifted…
ISDA Raises Concerns About Representation of Liabilities in Recent FASB/IASB Exposure Draft
The International Swaps and Derivatives Association (ISDA) has raised its concerns about the representation of an entity’s financial position, solvency, and exposure to credit and liquidity risk in the proposals in the Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) recent exposure draft on the offsetting of financial assets and financial liabilities….
SEC and CFTC Agree on Definitions for Swaps, Now Over to You for Feedback…
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have this week finally provided some long sought after clarity regarding the definition of what classifies as a “swap” and hence should be covered by the new and incoming Dodd Frank derivatives requirements. These definitions should also provide some of the foundations on…
SEC Proposes Amendments to Remove Credit Ratings References in Several Rules Under the Exchange Act
In keeping with its ongoing crackdown on the credit ratings agencies, the Securities and Exchange Commission (SEC) has this week voted unanimously to propose amendments that would remove references to credit ratings in several rules under the Exchange Act. This is all part of the requirements contained in Dodd Frank to remove references to credit…
SIX Telekurs’ Filanowski Highlights the Biggest Data Challenges of Dodd Frank
The Dodd Frank Act contains a whole host of new and different data requirements in terms of reporting formats and potential standards, but how will all of this impact the practitioner and vendor communities directly? Reference Data Review speaks to Paul Filanowski, US product development at SIX Telekurs, about the changing US regulatory scene and how it…
Quantifi’s Latest Whitepaper Explores the Challenges in Implementing a Counterparty Risk Management Process
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, has published a whitepaper entitled ‘Challenges in Implementing a Counterparty Risk Management Process’. The paper explores the key challenges for banks in the implementation of counterparty risk management, focusing on data and technology issues, in the context of current trends…