Deutsche Bank is facing sanctions from US regulators over a catalogue of failures that afflicted its swaps data reporting functions.
European exchange group Euronext has agreed to pay around EUR14 million for a 20% stake in central counterparty EuroCCP.
A 'blockchain inspired' post-trade peer-to-peer network co-founded by the former CEO of Traiana Andy Coyne, is to commence beta testing with eight institutional FX market participants following successful proof-of-concept trials.
Derivatives central counterparties (CCPs) have made meaningful progress in boosting their resilience in recent years but more work is needed to ensure consistency around the world, according to new reports from major global bodies.
Blockchain technology will fundamentally alter the way financial institutions do business, according to a report from the World Economic Forum.
Visa, MasterCard, WorldPay and others in the payments sector can relax: Bitcoin will remain a niche player and blockchain technology poses little risk, according to a new report from Credit Suisse, which has less comforting news for Swift.
Standards have the potential to strengthen and speed up fintech development in the UK, according to a paper recently published by BSI.
The US Securities and Exchange Commission has slapped a $7 million fine on Citigroup to settle charges that a computer coding error caused the firm to provide the agency with incomplete 'blue sheet' information about trades it executed.
The Depository Trust & Clearing Corporation (DTCC) is shifting more of its applications to Amazon Web Services in a progressive effort to cut costs by migrating to the cloud and eliminating the need to buy, build and maintain internal servers, storage and security structures.
The R3 blockchain consortium is working with Barclays Bank, Isda and legal and academic bodies to explore the development of a repository of master templates for smart contracts when trading and managing securities on distributed and shared ledgers.
The Brexit fallout continues, with concerns rising that Visa might move hundreds of jobs out of the UK, the London Stock Exchange's merger with Deutsche Bourse could be hampered, and the City's role running euro clearing is under threat.
© Finextra Research 2016