US regulators have been slammed for their part in the stalling of the Legal Entity Identifier project, which last year saw more lapsed LEIs than new ones.
Bank regulatory bodies need to co-ordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco).
Fintech firms should welcome, not fear, regulation because it is in their interest to have an "established framework" in which to operate, says the president of the Federal Reserve Bank of Philadelphia.
The European Securities and Markets Authority (Esma) warns that any large-scale use of distributed ledgers across the financial services sector would first need to address a number of key challenges in terms of interoperability, governance and privacy issues and risk creation.
Thomson Reuters has moved to strengthen its KYC management services and legal entity data by buying Clarient and Avox from the DTCC and its bank partners. Financial terms were not disclosed.
The European Central Bank is pondering the creation of a pan-European service for issuance of securities - and the potential role of distributed ledger technology in bringing the vision to reality.
Machine intelligence, not blockchain or cloud technology, will have the biggest impact on the exchange industry, predicts new Nasdaq CEO Adena Friedman.
The founder and CEO of online investment manager Scalable Capital has lashed out at the Governor of the Bank of England Mark Carney, accusing him of a "deep miscalculation of priorities" for singling out robo-advisory services as a potential force for future financial instablity.
BNP Paribas Securities Services has taken a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring to help the fund industry meet rising compliance requirements and manage mounting volumes of data.
The Hong Stock Exchange has laid out plans for a major overhaul of its technology infrastructure, culminating - inevitably - in a pledge to explore the potential of blockchain technologies and cloud computing in the post-trade arena.
© Finextra Research 2017