A-Team Insight Regulatory Reporting The latest content from across the platform
Sifma’s AMF Committee Jumps on the Bandwagon for XBRL in the Corporate Actions Issuer to Investor Space
XBRL for US corporate actions was the talk of Sibos this year and it seems that the industry is gradually getting behind the idea, as Swift, the Depository Trust & Clearing Corporation (DTCC) and XBRL US continue to push forward with their initiative. This month, Sifma’s Asset Managers Forum (AMF) Corporate Actions Committee demonstrated its support…
Senior Supervisors Group Report Calls Directly for Investment in Risk IT and Data Management
Last month, the Senior Supervisors Group (SSG), which is comprised of 10 regulatory bodies from seven countries, published a report examining the funding and liquidity issues central to the recent crisis. The report explores critical areas of risk management practice that the SSG feel warrant improvement across the financial services industry, including tackling firms’ fragmented…
Regulators Continue Scrutiny of Ratings Agencies, As Kroll Plans to Challenge Big Three
The credit ratings agencies have had another hard couple of weeks of it, with the US government hurling criticism at these firms for their perceived contribution to the economic downturn. This attitude however, does not appear to have dissuaded risk consultant Jules Kroll from planning to establish his own ratings agency to rival the big…
NYSE Euronext and DTCC Finalise Joint Venture Agreement to Create New York Portfolio Clearing
NYSE Euronext (NYX) and the Depository Trust & Clearing Corporation (DTCC) today announced they have finalised their formal agreement to create their innovative new joint venture, New York Portfolio Clearing (NYPC). A draft application for NYPC to be granted status as a Derivative Clearing Organisation with the Commodity Futures Trading Commission (CFTC) and draft amendments…
SwapClear Passes US$1 Trillion in Overnight Index Swap Trades in 11 Weeks Since Launch
LCH.Clearnet Limited’s SwapClear service has surpassed the US$1 trillion market in cleared overnight index swap (OIS) trades in only 11 weeks since OIS clearing was launched. SwapClear is the leading global interest rate swap clearing service. Launched in 1999, it currently clears circa 64% of the global interbank interest rate swap market and, at 30…
DTCC Names Radisch Managing Director of Legal
The Depository Trust & Clearing Corporation (DTCC) announced today that Lois Radisch has joined the DTCC’s Legal Department in New York as managing director, with primary responsibilities for activities involving the US regulated subsidiaries at DTCC. Radisch will report directly to Larry Thompson, DTCC’s managing director and general counsel. The three regulated subsidiaries are the…
DTCC Continues on the Case to Pitch its Warehouse as Trade Repository for OTC Derivatives
It seems that a week can’t go by without some mention of a trade repository being made in the US market. This week, the Depository Trust & Clearing Corporation (DTCC) has been doing its bit to renew its call for regulators and financial market participants to use its own Trade Information Warehouse as a repository…
Interactive Data Promotes Duggan for the Second Time This Year, Adds TALF Offering to Evaluations Portfolio
Following the recent departure of Shant Harootunian, Liz Duggan has received her second promotion in the space of a year, as she steps into Harootunian’s shoes as managing director of Interactive Data’s Evaluations business. The vendor has also recently signed an exclusive agreement with Prism Valuation to offer the vendor’s valuations for loans made available…
Fitch Releases Global Money Market Fund Rating Criteria
Fitch today released updated rating criteria for money market funds, with particular emphasis on funds that invest in short term debt instruments issued by financial institutions, non-financial corporations and asset backed commercial paper programmes (often referred to as ‘prime’ funds). Prime money market funds were central to the financial crisis last year following the failure…
CESR Releases Consultation Paper on Trade Repositories in the Derivatives Market: Data Standards on the Regulatory Agenda Again
Echoing the discussions going on over the pond on the subject, the Committee of European Securities Regulators (CESR) has just released a new consultation paper examining the need for a trade repository for OTC derivatives data. The US Securities and Exchange Commission (SEC) chairman Mary Schapiro has been talking about the need for a greater…