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February 17, 2014

Weekly Roundup | Market Infrastructure & Technology | 17 February 2014

EMIR Could Cause IT Chaos

Treasurers should brace themselves for severe IT problems, rather than fines, from the EMIR start, experts warn. However, the trade repositories are adamant that they will be able to cope. EuroTreasurer: EMIR Could Cause IT Chaos.

 

LEI Update: Hidden Costs Prevent Enthusiastic Take-Up

Until the world has a definitive LEI, we are going to have to recognise that piecemeal adoption brings with it significant hidden costs in validating, enriching and mapping for regulatory purposes. RegTechFS: LEI Update: Hidden Costs Prevent Enthusiastic Take-Up.

 

Legal Entity Identifiers Come to Life

We thought you would be interested to view today's Special Update on LEIs from GFMA SmartBrief. This Special Update marked EMIR’s mandate for firms to begin using LEIs for derivatives trade reporting. GFMA SmartBrief: Legal Entity Identifiers Come to Life.

 

LEI Issuance Well Below Targets as Emir Reporting Begins

Finnish issuer expects to hand out 10,000 identifiers, but had only reached 1,166 last week – and the story is similar elsewhere. Risk: LEI Issuance Well Below Targets as Emir Reporting Begins.

 

Legal Entity Identifiers: Scrutiny of EU Firms Tightens

When the concept of a new global legal entity identifier first took shape among regulators in the US and across the globe, it was hailed as a brilliant revolutionary move. FinOps: Legal Entity Identifiers: Scrutiny of EU Firms Tightens.

 

Trade Data: Seeing Through the Smoothie

When G20 leaders met in Pittsburgh back in September 2009, there was clear consensus on the direction that the financial industry needed to take in the aftermath of the global financial crisis. RegTechFS: Trade Data: Seeing Through the Smoothie.

 

Markit Helps EMIR Firms Clear Through Its Trade Reporting System

Markit is now able to assist in the reporting of over-the-counter (OTC) derivative trades for users subject to recent European Securities and Markets Authority (EMIR) mandates. Securities Technology Monitor: Markit Helps EMIR Firms Clear Through Its Trade Reporting System.

 

Capital Requirements for Banks and Their Impact on IT Strategy

Many banks probably haven't taken a close look at the repercussions on IT. Wall Street & Technology: Capital Requirements for Banks and Their Impact on IT Strategy.

 

Technology Decisions for Broker-Dealers

In considering how to leverage technology in support of the current and new business functions in the global capital markets, no one starts with a clean sheet. Finextra: Technology Decisions for Broker-Dealers.

 

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