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46 Results from /regulation, "Bank of New York Mellon"

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Wall Street propeller-heads make way for new generation of data scientists

Rocket scientists on Wall Street are set to be usurped by a new generation of 'data scientists', as investment banks combine new analytical approaches with the arrival of torrents of Big Data to transform their trading strategies, according to a new paper from BNY Mellon.

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EU watchdog warns of financial instability as Sibos bankers complain about regulatory burden

Financial stability within the EU is at risk unless decisive and swift action is implemented by all authorities, according to a warning issued by the European Systemic Risk Board (ESRB), the EU's super-watchdog.

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CVC to buy Convergex majority stake; Patsystems acquiring Mixit

US trading technology firm Convergex Holdings has abandoned a planned IPO, agreeing instead to sell a majority stake to funds advised by CVC Capital Partners.

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BNY Mellon to launch e-market for European asset-backed securities

Bank of New York Mellon is setting up an online marketplace for hard-to-value European asset-backed securities, according to Bloomberg.

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Bank of New York Mellon takes stake in clearing counterparty IDCG

The Bank of New York Mellon has taken a minority stake in Nasdaq OMX majority-owned subsidiary International Derivatives Clearing Group (IDCG).

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Bank of New York Mellon launches Liquidity Direct

The Bank of New York Mellon has launched a money market investment portal designed to help institutional investors maximise liquidity and mitigate counterparty risk.

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BNY Mellon overhauls payments processing with ACI

The Bank of New York Mellon is implementing payments technology from ACI Worldwide for Swift and Chips processing and to connect to the US Federal Reserve Bank's Fedwire system.

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Wall Street banks to establish unregistered securities market

Wall Street firms Citi, Lehman Brothers, Merrill Lynch, Morgan Stanley and The Bank of New York Mellon are to jointly establish an electronic trading platform for unregistered securities.

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IBM reports operational risk consortium deal; Bank of New York implementation

The Operational Riskdata eXchange Association (ORX), a non-profit consortium of 35 banks that helps its members benchmark their operational loss data, has implemented data analytics technology from IBM.

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Loan technology standards working group established

A group of loan market participants and technology vendors have banded together to establish the Open Loan Technology Standards Working Group (OLTS) committed to developing a straight-through processing environment for the commercial loan market.

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Mellon settles with prosecutors over destroyed tax returns

US-based Mellon Bank has agreed to a settlement with federal prosecutors over the destruction of thousands of federal tax returns and payment cheques by employees at its Internal Revenue Service (IRS) processing unit in Pittsburgh.

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BoNY forms advanced tech team to meet best execution challenge

Bank of New York has formed a new 15-person Financial Engineering & Advanced Trading Solutions (Feats) unit to develop cutting-edge trading tools and technology for use by institutional clients of BNY Brokerage and Pershing.