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IHS Markit Platform Promises Compliance Cost Savings
Information and analytics solutions provider IHS Markit has begun its rollout of Outreach360, a platform for managing documentation and communication concerning regulatory compliance, according to company officials. The platform will reduce compliance costs and standardize communication with contacts about compliance, says Darren Thomas, managing director and head of the Counterparty Manager service containing the Outreach360…
FRTB’s First Steps and Stages
The Fundamental Review of the Trading Book (FRTB) regulation being instituted by the Basel Committee on Banking Supervision (BCBS) in January 2019 is the de facto successor to the global banking supervision organisation’s Basel III guidelines on market risk and capital adequacy. Financial services firms are beginning to consider the demands FRTB makes on their…
RegTek Delivers Tactical Software to Support Strategic Approaches to Regulation
RegTek Solutions, a subsidiary of Risk Focus formed early this year, has introduced EMIR-Ready, a regulatory readiness testing and validation service designed to help firms within the scope of European Market Infrastructure Regulation (EMIR) comply with changes to the regulation’s Regulatory Technical Standards (RTS) that come into play on 1 November 2017. EMIR-Ready is a…
Trading Communications Become A ‘Mammoth’ Challenge
The volume of securities trading communications that requires recording and the amount of time that regulators mandate that information be retained have become a “mammoth” challenge for financial services firms, according to speakers in a webinar hosted by Intelligent Trading Technology on April 25. MiFID II goes far beyond the UK Financial Conduct Authority’s rules…
Industry Doubts Urgency Of US CFTC’s Reg AT
The industry’s sense of urgency concerning Reg AT is dropping, because little action is expected to put its rules in effect in the US following the May 1 ending of the comment period on the regulation. Reg AT, the US Commodity Futures Trading Commission’s Regulation Automated Trading, contains risk and transparency provisions for automated trading….
Fixed-Income Trading Operations Catch Up
Fixed-income trading operations may be as much as 15 years behind equities trading operations, but they are catching up quickly, according to executives in the field who spoke at the FIX Trading Community’s Americas Trading Briefing in New York on April 26. “All the advancements in technology, the transfer of information and the execution of…
Recorded Webinar: Voice recording for communications surveillance under MIFID II/MAR
To date, the industry’s regulatory compliance focus for upcoming European MiFID II and Market Abuse Regulation (MAR) has been on issues including the structure of trading facilities, systematic internalisation, governance, best execution and time-stamping. MiFID II and MAR also contain provisions, however, increasing the requirements for recording and archiving voice communication related to securities trading….
MiFID II Effects On Order Handling and Reporting Requirements Emerge
The specifics of MiFID II compliance have become clearer with new guidance from the European Securities and Markets Authority (ESMA), and increased understanding of best execution and transparency parts of the regulation among industry professionals. In ESMA’s recent question and answer statement on MiFID II, the authority specified what data must be published and reported…
Firms Face Lack of Clarity on MiFID II Data Transparency Obligations
Meeting the data transparency obligations of Markets in Financial Instruments Directive II (MiFID II) continues to be a challenge for financial institutions struggling to manage the scale of change presented by the regulation, improve data quality to achieve transparency, and implement solutions without final clarity from the European Securities and Markets Authority (ESMA) on outstanding…
No Need to Reinvent the Tech Wheel for Key Derivatives Rule, When (Or If) It Comes
By: Steven Strange, Buy-Side Product Manager, Fidessa In late 2015, the U.S. Securities & Exchange Commission proposed a new rule designed to regulate the use of derivatives by registered investment companies. Rule 18f-4, as it is known, would affect the way derivatives and related assets are included into the portfolios of mutual funds, ETFs, and…