Regulation

Articles

DTCC fined
15 Jul 2021 — Bill Hodgson

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has fined DTCC Derivatives Repository Plc (DDRL) a total of €408,000 for seven infringements of the European Market Infrastructure Regulation (EMIR) regarding data confidentiality, data integrity, and direct and immediate access to data.

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Rishi Sunak Mansion House Speech
12 Jul 2021 — Bill Hodgson

UK Chancellor Rishi Sunak’s Mansion House speech yesterday delivered the final coup de grace headshot to any lingering hopes for EU-UK equivalence.

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07 Jul 2021 — Bill Hodgson

Chief compliance officers need a new operating model, not a new legal framework, to avoid being personally penalized unfairly by the US Securities and Exchange Commission for regulatory infractions, say some legal experts.

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ESMA data quality report
20 Apr 2021 — Bill Hodgson

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today published its final report on the European Markets Infrastructure Regulations (EMIR) and Securitised Financing Transactions Regulation (SFTR) data quality.

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29 Mar 2021 — Bill Hodgson

The Derivatives Service Bureau (DSB), has opened a Request for Information (RFI) process to identify a reference data provider for provision of underlier identifiers for the Unique Product Identifier (UPI) for OTC products.

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10 Nov 2020 — Deputy Editor

The Monetary Authority of Singapore (MAS) has once again promoted the adoption of FinTech by financial institutions, most recently announcing the launch of a S$35 million (US$ 26 m) grant to help smaller financial institutions adopt digital solutions for more streamlined reporting to MAS.

The adoption of digital solutions will facilitate more efficient processes for the preparation and submission of data, in line with regulatory requirements.

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20 Oct 2020 — Deputy Editor

Silent Eight, the technology company using AI to combat money laundering and terrorism financing, has completed a new round of funding, bringing the company's total capital raised to $15m.

The investment round was led by OTB Ventures, and supported by Koh Boon Hwee, Chairman and General Partner of Altara Ventures, and SC Ventures. All are existing investors of the company.

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13 Oct 2020 — Deputy Editor

Julia Hoggett, Director of Market Oversight at the FCA spoke at the City Financial Global event yesterday, which included some very interesting views on surveillance and the new way of working.

 

Surveillance Highlights -

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23 Sep 2020 — Deputy Editor

MarketAxess has entered into an agreement to acquire the Regulatory Reporting Hub, the regulatory reporting business of Deutsche Börse.

The Regulatory Reporting Hub is a pan-European reporting and compliance platform with services including trade and transaction reporting, best execution reporting and SI services, as well as APA and ARM services.

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23 Sep 2020 — Kirston Winters

After the recent uptick in EuroSTR (a.k.a. €STR) volumes in late July driven by the major CCPs switching from using EONIA to EuroSTR for discounting all Euro OTC interest rate products we looked at August data to see if this was just a blip or whether EuroSTR in fact held its increased share of the market throughout August. 

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21 Sep 2020 — Bill Hodgson

Andrew Hauser explains why companies need to act now to transition from using LIBOR to SONIA as an interest rate benchmark. Andrew speaks as the Executive Director for Markets at Bank of England at the 'Is Your Business Prepared for LIBOR?' webinar.

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08 Sep 2020 — Deputy Editor

SteelEye, the holistic compliance technology and data analytics firm, has appointed Rob Friend as Chief Operating Officer.

Rob's 24 years of international financial experience will be instrumental in scaling SteelEye's business operations as it prepares to support increasing global demand for holistic, data-centric compliance solutions.

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