Regulation
Waters Wavelength Podcast Episode 95: Bitcoin/Blockchain News, BNP's Acquisition, Post-Trade Tech
Anthony and James take a look at some of the biggest news events from the past week.
BNP Paribas Gets into 40 Act Business with Janus Henderson Deal
Andrew Dougherty of BNP Paribas Securities Services talks to WatersTechnology about this recent acquisition and what it means for unit going forward.
IHS Markit Launches SI Registry
Systematic internalizer registry aims to help firms with trade reporting obligations under Mifid II.
FCA Likely to Review Consolidated Data in 2018
It is looking increasingly likely that no consolidated tape provider will be authorized by the time Mifid II comes into force Jan. 3; regulators call lack of authorized CTP an “ongoing issue.”
LSE and APIR Team Up to Issue LEIs in Australia and SE Asia
The London Stock Exchange Group is working with APRI Systems to issue and maintain Legal Entity Identifiers in Australia and southeast Asia.
GDPR Contract Compliance Could Cost Firms a Cool £800M
Tech vendor Axiom predicts hefty GDPR spend on contract analysis alone, launches compliance solution.
Burton-Taylor: KYC/AML Spending Soars, Vendors Expect Further Boost
Burton-Taylor report shows spending on AML and KYC Data Solutions tops nearly $500 million as firms continue to invest in and adjust their KYC programs.
Waters Wavelength Podcast Episode 94: The CME's Bitcoin Play & FSB Worries About AI
CME plans to launch futures on bitcoin in Q4 2017, while the FSB looks at AI as a threat.
Metamako, Velocimetrics Ally for Mifid II-Compliant Data Monitoring
The solution will provide firms with a complete, timestamped audit trail of their activity.
FSB Warns Artificial Intelligence Could Present Systemic Risks
Emerging technology could fall outside the regulatory perimeter, and could be impossible for outsiders to fully comprehend.
All Things Are Just Dandy in the Eurozone
The tone at this year's Esma conference was a little too positive when it came to Mifid II says John.
Solvassure Unveils GDPR Compliance Platform
The regtech firm has released a platform designed for compliance with the General Data Protection Regulation and the Accountability Regime.
Will Europe’s Unbundling Rules Expand to the US?
The unbundling of research and execution services in Europe is one of Mifid II’s most ambiguous mandates. Aggelos says the precedent Europe is setting could trigger a domino effect in the US markets.
Large Firms Select Trax for ARM and APA Services
Pan-European buy- and sell-side clients choose Trax's ARM and APA solutions for Mifid II compliance.
Know Your Climbing Costs: Big Firms Report Average $150M Spend on KYC
Costs associated with KYC continue to climb—a Thomson Reuters survey shows large financial institutions are spending $150 million on compliance in 2017.
Regulators' Acceptance of Fintech Should Encourage Adoption
Regulatory agencies are starting to take the lead in working with financial technology firms, panelists said.
Vendors Accused of Over-Promising on Liquidity Rule
Two buy-side risk officers believe that the SEC put too much faith in the vendor community when making its liquidity rules, specifically for fixed income.
Industry Vets Harris, Toomey-Wilson Create Data Compliance Consultancy
Toomey-Wilson and Harris say their many years of experience can assist firms that lack expertise around dealing with data licensing, audits and compliance issues.
Industry Adds Voice to Calls for CAT Delay
Confidence in the wide-ranging project has been dented by recent cybersecurity incidents.
FCA: Mifid II Enforcement Starts Jan. 3, Will Be Targeted
UK regulator's Mifid coordinator underscores message from European Commission earlier this month: no further delays to deadline. However, enforcement will be targeted.
Regulators Warn on Lack of "Basic" Cybersecurity Protections
Panelists at the Sifma Annual Meeting felt attacks could be prevented if cybersecurity was treated as an integrated business process.
DTCC to Enhance Global Trade Repository for SFTR
The Depository Trust & Clearing Corporation is prepping for SFTR by enhancing GTR to support securities financing transaction reporting across Europe.
Merrill Lynch Slapped with $45 Million FCA Fine for EMIR Reporting Failures
First enforcement action under EMIR taken by UK financial watchdog over exchange-traded derivatives reporting.
Esma Panel: Arrival of Mifid II will be “Like Christmas”
Esma conference panelists discuss how the trading and market infrastructure will be affected by incoming regulatory changes.