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245 Results from /regulation, 2007

/regulation

Finextra Research signs off for Christmas and New Year break

The Finextra office will be closed after Friday 21 December, re-opening Wednesday 2 January.

/regulation

CCorp takes on new shareholders to target OTC markets

In a bid to become a major force in the post-trade OTC derivatives markets, the Clearing Corporation has completed a major restructuring that transfers ownership to 17 stockholders, including 12 major global dealers, three leading inter-dealer brokers, derivatives exchange Eurex and Markit Group.

/regulation

TJX settles with banks over credit card data breach

US retailer TJX says it has reached a settlement with all but one of the seven banks and banking associations that filed lawsuits following the massive data breach at its operations that resulted in the theft of millions of credit card numbers.

/regulation

Standard Chartered live with Sophis Risque

Standard Chartered has implemented the Risque trading and risk management platform from Paris-based Sophis to support its new equity derivatives operations in Singapore and Hong Kong.

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Algorithmics signs Bank of Ireland Global Markets to market risk technology

Bank of Ireland is rolling out market risk measurement and management technology from Toronto-based vendor Algorithmics at its global markets division.

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Enigmatec names Peter O'Neill CEO

UK software house Enigmatec Corporation has appointed Peter O'Neill as its new chief executive officer (CEO), replacing Indra Mohan who stepped down when former Misys chairman Kevin Lomax joined the firm earlier this year.

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Markit to buy SwapsWire

UK market data vendor Markit has agreed in principle to acquire SwapsWire, the dealer-backed electronic trade confirmation network for OTC derivatives processing. Financial terms of the deal were not disclosed.

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Temenos signs Mauritius Commercial Bank to T24

Mauritius Commercial Bank (MCB) is implementing the T24 modular core banking platform from Swiss vendor Temenos to support its corporate and retail operations.

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MI5 chief warns banks of Chinese cyber threat

The head of the British security service has sent a confidential letter to more than 300 chief executives and security chiefs at banks, accountants and legal firms warning them of a Web-based attack from state organisations in China.

/regulation

Guilty plea in Fidelity data theft case

A former database administrator at Fidelity National Information Services has pleaded guilty to stealing 8.4 million customer records from its Certegy unit and selling it on to data brokers.

/regulation

Bear Stearns cuts 650 jobs

US investment bank Bear Stearns is axing 650 positions - about four per cent of its work force - with most cuts rumoured to be at its IT, legal and compliance departments.

/regulation

AIB sends 15,000 customer payment receipts to wrong addresses

Allied Irish Bank (AIB) says a computer error caused 15,000 payment advice slips - some featuring personal details including names, addresses and bank account and sort code numbers - to be sent to the wrong addresses.