The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

US Fed and SEC to Draw up Agreement on Data Sharing

The US Federal Reserve and Securities Exchange Commission (SEC) are discussing an agreement to revamp the regulation of the US financial markets, which could include drawing up data sharing agreements between the two bodies.

The agreement, which is rumoured to be announced this week, is intended to fill gaps in regulatory oversight and increase cooperation between the Fed and the SEC in the aftermath of last year’s credit crunch and the resulting market downturn.

The type of information to be shared between the two regulatory bodies is due to include data regarding settlements, trade and positions. The SEC will also get information from the Fed on short term financing from the banks that clear trades and hold collateral for the securities firms.

This would allow the Fed to see an investment bank’s trading positions, its leverage and its capital requirements and expand the central bank’s oversight to include investment banks. Under the current system, the SEC has oversight of brokerage firms, while the Fed has oversight of bank holding companies and commercial banks.

Related content

WEBINAR

Recorded Webinar: Managing unstructured data and extracting value

Unstructured data offers untapped potential but the platforms, tools and technologies to support it are nascent, often deployed for a specific problem with little reuse of common technologies from application to application. What are the challenges of managing and analysing this data and what are the considerations when making investments in this area? Data quality, consistency...

BLOG

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...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...