The US Securities Information Processors’ (SIPs’) Operating Committees have recruited three new members to contribute retail investor perspective to their 11-member Advisory Committee: Chris Nielsen, managing director, Charles Schwab & Co.; W. Todd Watkins, director, E*TRADE Financial; and Matt Billings, managing director, TD Ameritrade. The SIP Operating Committees govern the entities that operate the systems that link the U.S. markets by processing and consolidating all protected equities bid/ask quotes and trades from every registered exchange and FINRA’s Alternative Display Facility (ADF) into a single data feed. The advisory committee meets quarterly with CTA and UTP Operating Committees and the SEC to review SIP performance and discuss policy matters.
A-Team Insight Blogs
SIP Operating Committees Add Three Advisory Committee Members
The clock is ticking on the decommissioning of LIBOR towards the end of this year, leaving financial institutions with little time to identify where LIBOR is embedded in their processes, assess alternative benchmarks and reference rates, and ensure a smooth transition. Some will be ahead of others, but the challenges are significant for all as...
Asia has been home to wave of new initiatives in the RegTech space in recent years, and jurisdictions such as Hong Kong and Singapore are pushing hard to take the lead in the space as they seek to combat financial crime and gain a competitive advantage in the field. Last week, the Hong Kong Monetary...
RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.
The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...