Regulation
A Way Forward for the Consolidated Tape?
A recent EU-backed report has presented what might be the most viable governance model yet for the controversial project.
Banks Warn of Rise in Ransomware Attacks
Banks must improve resilience of remote-working staff, says Wells Fargo financial crime expert
Banking Experts: Tech Isn't the Whole Solution to Financial Crime
The industry and researchers are challenging the touting of privacy-enhancing technologies as a cure-all for KYC/AML failures, and advocating systemic reform.
IEX Makes Expansion Bid as New Limit Order is Approved
The Investors Exchange is now looking to propose a second new order type for NBBO non-mid liquidity.
This Week: ASIC/RBA, TSE, Schroders/SteelEye, HKEx, Talos, and more
A look at some of the past week’s financial technology news.
Dutch Banks, Zapata Computing Tap Quantum Computing for Stress Test Projects
ABN, ING and Rabobank are exploring quantum for regulatory stress tests. In the US, Zapata Computing is seeking a patent for the same.
Bloomberg's FIGI: A Case of Red Light, Green Light
After the route toward accreditation via the ISO petered out, Bloomberg is vying to establish its reference data standard as a system of record in the US, following a win in Brazil.
Milestone Group to Launch Fair-Value Feature to Flagship Platform
The vendor will make the pControl add-on globally available to clients later in 2020.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Citco Launches Data Services Platform
The fund administrator’s clients can now access multiple datasets from one data lake.
Slow Road to Consensus: CFTC's Behnam Talks Climate Risk
As CFTC commissioner Rostin Behnam’s report on climate risk to the financial system is published, WatersTechnology speaks to Behnam about data, greenwashing, and gaining support in Washington.
OTC Markets Unveils ‘Blue Sky’ Compliance Dataset for OTC Securities
The dataset is part of an ongoing initiative by the OTC marketplace to gain state-by-state exemptions to allow brokers and issuers to conduct business in OTC securities.
Meritsoft Creates Module for Dividend Tax Tracking
The addition to the vendor’s tax management platform aims to help trading firms understand if they can recover taxes legally.
Digital Rights Project for Data Usage Faces Legal, Operational Hurdles
Keen to trim the resources they expend on interpreting licenses, investment firms are exploring how they can turn data agreements into machine-readable code. Doing so is fraught with challenges.
AI Explainability 'an Afterthought' at Banks, But Financial Theory Infusion Could Help
Eric Tham of the National University of Singapore said during the Innovation Exchange that explainability is an afterthought at banks when they develop their AI-driven models. Unsurprisingly, some bankers did not agree.
Morgan Stanley and EPAM Systems Contribute to Finos Open Source Movement
Morgan's Morphir offering is a transparency and efficiency tool for both users and developers; EPAM's GLUE is aimed at the buy side.
Dutch Regulator Seeks to ‘Level Playing Field’ for Vendors & Venues
AFM suggests some liquidity aggregators should be classified as organized trading facilities.
Isda 'Create' Marks Important First Step Toward Smart Contracts
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
Moving forward with Libor transition and Ibor reform
This report provides a guide to figuring out what is at stake with Libor and other interbank offered rates. It addresses the challenges and risks, the development of alternative data or reference rates, and begins the process of replacing Libor well…
ACA Compliance to Make Flagship Platform More Customizable
ComplianceAlpha is a compliance and risk management platform that also provides trade surveillance and cybersecurity capabilities.
European Commission Picks FactSet for Risk Data
The EU authority is buying three datasets from the vendor, which it will use to track supply chain risk in the single market.
Eventus Systems to Add ML-Driven Trader Profile Feature to Validus
The new functionality will help to give context to market manipulation alerts.
Barclays Proposes New Taxonomy for Digital Tokens
The UK bank argues that a common approach to classifying tokens is needed to prevent regulatory arbitrage.
Numbering Agency Calls for Experts
The Derivatives Service Bureau is looking for new members on its technical advisory committee, after its designation as the UPI service provider.