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Q&A: The Future of Regulatory Reporting
Tom Wieczorek, MD of Global Product Management at UnaVista, part of the London Stock Exchange Group, gives us his unique insights into the key challenges and opportunities within today’s rapidly evolving regulatory reporting environment – and what firms should be doing to stay ahead. What are the key functional challenges for those seeking to implement…
BXS Launches Rule 606 Consolidator Tool
BXS, a New York-based compliance reporting and analytics solutions provider, has launched a new Rule 606 Consolidator tool. Available to all existing BXS customers, the new add-on provides a comprehensive view of brokers’ public Rule 606 report filings, allowing market centers to analyze how their clients and prospects are routing order flow and how their…
IHS Markit Expands Reporting Capability with Cappitech Acquisition
As the global demand for regulatory reporting solutions continues to soar amidst a challenging environment, IHS Markit has taken the bull by the horns with its acquisition of Israeli RegTech specialist Cappitech. Financial terms were not disclosed, but it seems as if the deal may have been in the pipeline for a while. Although Cappitech…
DSB Seeks Views on UPI Fees
The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA), to facilitate the allocation and maintenance of ISINs, CFIs and FISNs for OTC derivatives, is calling on industry to respond to a first consultation on the fee model principles underpinning the Unique Product Identifier (UPI) service, which opened this week. The…
Brexit is Here – But Sadly, Equivalence is Not
The UK has finally left the European Union. A trade deal was wrung out at the eleventh hour, allowing the two sides to trade with zero tariffs and quotas, but the financial services industry has been left hanging – with talk of an MoU around the regulation of financial services being reached only by March…
FCA Cracks Down on OMS Reporting Errors: Regulated Firms Pay the Price
By Matt Smith, CEO, SteelEye. Certain Order Management Systems (OMSs) have recently come under scrutiny from the FCA because of quality issues around MiFIR reporting. Firms that heavily rely on their OMS for daily regulatory reporting have been found to consistently over or under report their transactions. The responsibility for accurate reporting rests solely with…
2021 Predictions: Change is Afoot
By Marc Murphy, CEO, Fenergo. It almost feels like the financial industry went to bed in March 2020 and woke up in 2030. Prior to the pandemic, financial institutions had been falling behind when it came to digital transformation, only increasing resources when absolutely necessary. But now, the pandemic has forced financial institutions to make…
SmartStream Reveals New Brand Identity
SmartStream Technologies, the financial Transaction Lifecycle Management solutions provider, has launched a new corporate brand identity, including an updated logo and website. The new logo includes the infinity symbol, selected to demonstrate the continual evolution of the business, in line with the rapid pace of industry change. CEO Haytham Kaddoura said: “We are proud of…
GRI Calls for Strengthened Sustainability Reporting
The Global Reporting Initiative (GRI), the provider of some of the most widely used sustainability reporting standards around the world, has called for strengthened financial reporting that complements sustainability reporting and takes account of the financial risks and opportunities related to a company’s sustainability impacts – with mandatory disclosure to ensure transparency on corporate contributions…
UK’s RegulAItion Wins Singapore FinTech Accelerator
UK-based data platform company RegulAItion has won the Monetary Authority of Singapore (MAS) 2020 Global Fintech Hackcelerator, competing against over 270 submissions from across more than 40 countries. To secure the win, RegulAItion successfully demonstrated how its ground-breaking AIR platform can enable the financial sector to respond to two of its most pressing global challenges…