A-Team Insight Regulatory Reporting The latest content from across the platform
UPDATED: A-Team’s Comprehensive Guide to the Legal Entity ID Feedback to the OFR
The start of this week saw the passing of deadline for feedback to the Office of Financial Research on the subject of legal entity identification and it appears that a number of recurring themes crop up in the 30 different responses (updated entries included) submitted by various industry associations, including concerns about the tight timelines impacting…
Sifma Hires a Project Manager to Champion its Interests and Those of Seven Other Associations on the OFR LEI Issue
The combined response submitted by the Clearing House Association, EDM Council, the Financial Services Roundtable, the Futures Industry Association (FIA), International Swaps and Derivatives Association (ISDA), the Investment Company Institute, the Managed Funds Association (MFA) and the Securities Industry and Financial Markets Association (Sifma) may be only one of the 20 received this week by…
CFTC Reaching Data Breaking Point?
Much has been said recently about the funding crisis going on within the US regulatory community and the Commodity Futures Trading Commission (CFTC) has been particularly vocal about the impact this is having on its future capabilities with regards to implementing the Dodd Frank reforms. Last week, commissioner Scott O’Malia highlighted the seriousness of the…
FinCen Proposes New Electronic Format and Data Field Amendments for Unified Currency Transaction Reports in the US
In keeping with its work to move from paper-based to electronic reporting formats, the Financial Crimes Enforcement Network (FinCen) has published a list of proposed new data fields to be added to firms’ currency transaction reports, as required under the US Bank Secrecy Act (BSA). Industry participants have until 28 March to provide feedback on…
ESMA Sends Letters to CFTC and SEC Asking for Greater Cooperation Across the Pond on Swaps Data
In light of the recent discussions going on in the US between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) around the introduction of new data repositories and reporting requirements for the swaps market, the European Securities and Markets Authority has sent a letter to both regulators stressing the need…
CFTC Staff to Host Public Roundtable to Discuss Swap Data Recordkeeping and Reporting Requirements
Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on 28 January 2011, from 9am to 5pm to discuss issues related to swap data recordkeeping and reporting requirements. The roundtable will assist the CFTC in the understanding and implementation of Section 728 of the Dodd-Frank Wall Street Reform and Consumer Protection…
Regulatory Tsunami or Just a Washout?
The last two weeks have been a bit of a rollercoaster for US regulatory reform, with President Barack Obama signing an executive order this week that may see the current Dodd Frank requirements scaled back dramatically in order to ensure there is the “right balance” to foster economic growth going forward. On the individual regulator…
ESMA Issues Call For Evidence About Credit Ratings Agency Registration Requirements, Technical Standards Incoming
Following on from its predecessor’s work last year, the European Securities and Markets Authority (ESMA) is reaching out to credit ratings agencies and the users of ratings to provide feedback on its proposals for endorsement guidelines, which will form the basis for technical standards that will need to be adopted by 7 June this year….
Q&A: SpryWare’s Daniel May on Boosting Ticker Plant Performance
Chicago-based SpryWare recently announced its ticker plant can process 10 million messages per second. IntelligentTradingTechnology.com talked to the company’s co-founder Daniel May about the market data explosion, how SpryWare is responding, and trends for 2011. Q: The latest capacity test on your MIS ticker plant show that it can process 10 million messages per second….
NFA in the Frame to Take Over Derivatives Registration from the CFTC, But What of Regulatory Follow up?
Last week, Reference Data Review noted that the Commodity Futures Trading Commission (CFTC) is contemplating ceding control over data registration requirements to another body, namely industry group the National Futures Association (NFA). The result of such an action, which itself is being driven by the regulator’s funding woes, could mean that power and influence is back in…