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Eurex and Vela Partner to Deliver Improvements to Eurex EnLight
Europe’s largest futures and options exchange, Eurex, has joined forces with trading and market access technology provider Vela to enhance electronic access to its selective request-for-quote (RFQ) platform Eurex EnLight through Vela’s Metro Trading Platform. Eurex EnLight is an off-book trading service for listed derivatives launched in December 2017 to provide market participants with a…
Alex Pavel Joins IHS Markit
Alex Pavel has joined IHS Markit as Sales Director. Based in London, Pavel has responsibility for growing the company’s risk and regulatory compliance business across Benelux (Belgium, the Netherlands and Luxembourg), the Middle East and Africa. Pavel was formerly with Thomson Reuters in Dubai, where he spent four years in enterprise sales. He holds an…
Recorded Webinar: Operational Change Management Under Brexit
The UK’s departure from the EU – whatever the eventual terms – presents financial institutions of all types operating within Europe with a huge change management challenge. Deciding where to locate which activities, how to organise them corporately and legally, how to deploy data and technology to effect the change, and finally how to manage…
Ascent Works with FCA to Simplify Regulatory Handbook
US-based RegTech provider Ascent has formalized its collaboration with the UK’s Financial Conduct Authority (FCA) to break down the agency’s regulatory handbook into smaller and more digestible pieces for ease of consumption. The partnership is designed to make it easier for financial institutions to understand and apply the FCA guidelines to their operations. Ascent will…
ESMA Issues Latest Double Volume Cap Data for MiFID II
The European Securities and Markets Authority (ESMA) has updated its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II). The December updates include DVC data and calculations for the period of November 1, 2017 to October 31, 2018 as well as updates to…
US Regulators Urge Innovation to Combat Financial Crime
A group of US regulators have banded together to support the use of technology and innovation by financial institutions to meet their Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance obligations, effectively fighting financial crime and strengthening the financial system against illicit activity. The Board of Governors of the Federal Reserve System, the Federal…
MUFG Europe Selects Wolters Kluwer for Regulatory Reporting
MUFG Europe, the European subsidiary of Japan’s Mitsubishi UFJ Group, has selected Wolters Kluwer’s OneSumX software to manage a number of regulatory and risk reporting obligations, including AnaCredit and Interest Rate Risk in The Banking Book (IRRBB), for its Dutch and German business lines. The bank is an existing user of OneSumX, which uses a…
DLT to Help Regulators
Applications such as Distributed Ledger Technology (DLT) can help to effectively regulate the derivatives markets, according to Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo. He noted that DLT could be used to automate certain regulatory processes, which he described as “quantitative regulation.” “We can… envision the day where rulebooks are digitized, compliance is…
Recorded Webinar: Balancing compliance and value in data management initiatives
Over the past few years, about 90% of data management has been dedicated to the operational requirements of data governance and regulatory compliance, but this is changing rapidly as financial institutions look to exploit and drive business value from data. At a growing number of institutions, close to 70% of data management resource is focused…
ACTUS Foundation Releases Open-Source Standard for Financial Markets Contracts
The ACTUS Financial Research Foundation is releasing open-source Algorithmic Contract Types Unified Standards (ACTUS) version 1.0, which will be available on GitHub. ACTUS creates a standard for the mathematical representation of the payment obligations embodied in financial contracts, and seeks to provide the financial industry with a unified, machine-readable depiction of financial contracts for transaction-processing,…