Latest Reporting/compliance News: Finextra Research

Industry clamour over MiFID II proposals grows louder

The Futures and Options Association has added its voice to the growing industry clamour over 'needlessly oppressive' pending market reform proposals from the European Commission.

03 February 2011

News/Reporting/compliance

DTCC creates new chief data officer role

New York's Depository Trust and Clearing Corporation has appointed Ronald Jordan, a 26-year Nyse Euronext veteran, to the new position of chief data officer, as it bids to become a central conduit between regulators and market participants on data management issues.

02 February 2011

News/Reporting/compliance

Technology spending cuts could see CFTC run out of data storage - O'Malia

The Commodity Futures Trading Commission is on course to run out of room to store its data by October because of an £11 million technology budget cut, Commissioner Scott O'Malia has claimed.

26 January 2011

News/Reporting/compliance

BAE Systems makes EUR217m Norkom bid

BAE Systems has agreed a EUR217 million takeover of Norkom Technologies, a Dublin-based provider of anti-fraud and compliance software to the financial services industry.

14 January 2011

News/Reporting/compliance

Global retail banking IT spending set for strong growth - Ovum

Global spending on retail banking technology is set to jump by nearly a quarter over the next five years, hitting $132 billion, according to analyst house Ovum.

12 January 2011

News/Reporting/compliance

CME Group gets FSA approval for London clearinghouse

The Financial Services Authority has given Chicago-based derivatives exchange operator CME Group the green light to start clearing OTC trades in Europe early next year.

17 December 2010

News/Reporting/compliance

Deutsche Bank GTB selects TCS platform

Deutsche Bank is rolling out core technology from Tata Consultancy Services (TCS) across its Global Transaction Banking (GTB) business.

14 December 2010

News/Reporting/compliance

Dutch regulators see positive side of HFT

Dutch market watchdog AFM says it sees no grounds for restricting the use of high frequency trading (HFT), but warns that market participants and regulators must improve their operational and risk management techniques to deal with the complexity of computer-driven trading strategies

10 December 2010

News/Reporting/compliance

EC publishes MiFID II consultation

The European Commission has published its widely trailed Markets in Financial Instruments Directive (MiFID) review, calling for greater oversight of high-frequency trading and a clamp down on speculators in commodities.

08 December 2010

News/Reporting/compliance

US agencies Fincen and FDIC rapped by US Government Accounting Office

The Federal Deposit Insurance Corporation has been rapped over the knuckles by the US Government Accounting Office (GAO) for failing to adequately secure its information systems. The Financial Crimes Enforcement Agency, meanwhile, has been taken to task for gaps in the rules on the criminal mis-use of stored value cards.

01 December 2010

News/Reporting/compliance

'Per-user' real-time LSE data reporting now in use at UBS

UBS is reporting its netted exchange data usage direct to the London Stock Exchange as part of a new 'per-user' programme, which allows firms to directly report their global real-time terminal inventory to the LSE.

30 November 2010

News/Reporting/compliance

Nyse Technologies to develop EU consolidated tape

The technology arm of Nyse Euronext has announced plans to launch a consolidated tape providing complete coverage of post-trade equities data from all European regulated exchanges, MTFs, and OTC markets beginning Q3 2011.

22 November 2010

News/Reporting/compliance

Call for regulators to act on m-payments money laundering risks

With mobile person-to-person money transfer services gaining traction, regulators need to act to address associated risks such as money laundering, according to the Federal Reserve Bank of Atlanta.

17 November 2010

News/Reporting/compliance

Financial markets IT spending set for return to growth - Ovum

After a flat 2010, global spending on IT vendors by the financial markets sector will return to growth next year, according to analyst Ovum.

16 November 2010

News/Reporting/compliance

S&P attacked over Cusip fees

Three influential US trade bodies have called on the Securities and Exchange Commission to crack down on the fees charged for securities identifiers by Standard & Poor's.

12 November 2010

News/Reporting/compliance

FSA to tap trader mobile calls despite bank protests over costs

The UK's Financial Services Authority is set to make investment banks record and store traders' mobile phone calls despite industry opposition to the move which could cost more than £10,000 a handset a year.

12 November 2010

News/Reporting/compliance

European Parliament backs dark pool regulation

The European Parliament's economics committee has backed a report calling for tougher regulation of dark pools and high-frequency trading.

09 November 2010

News/Reporting/compliance

Deutsche Börse to buy minority stake in ID's RFQ-hub

Deutsche Börse is buying a minority stake in Investors Derivatives solutions (ID's), a Paris-based technology provider that has developed a request for quotes (RFQ) hub.

09 November 2010

News/Reporting/compliance

IT costs barrier to new UK banking players

With IT accounting for up to two thirds of start up costs, technology is proving a major barrier to new entrants in the UK retail banking sector, according to the Office of Fair Trading (OFT).

04 November 2010

News/Reporting/compliance

Iosco sets out plans for dark pool transparency

Dark pool trading needs to be made more transparent to ease growing concerns about price discovery, fragmentation and potential risks to market integrity, according to the International Organization of Securities Commissions (Iosco).

28 October 2010