Tag: Compliance

Compliance

Survey: Financial Industry Remains Unprepared for UMR

A new State Street survey finds that although the uncleared margin rules (UMR) represent a “monumental change” in the OTC derivatives industry, a large majority of the firms remain unprepared for the compliance as well as the operational challenges associated with the new workflows. The bank says 81% of institutions with a September 2021 (Phase […]

And Finally…

We should not be surprised by reports that banks in particular are “encouraging” trading and sales staff to return to the office – in spite of what looks like strange timing given the rise in COVID-19 cases in the Northern Hemisphere over the past few weeks, there is no getting away from the fact that […]

In the FICC of It

This week’s podcast kicks off with Colin Lambert discussing some of the feedback he received over his comments in the week’s column over the re-papering of trades post the SNB debacle in 2015. He does not, of course, miss the opportunity to drive home his argument that algos should have mandatory price limits, along the […]

In the FICC of It

In this week’s podcast, Colin Lambert casts his eye over a new challenge facing Refinitiv Benchmarks over the London 4pm Fix – something he confesses to not have even considered in the past, and then gives his thoughts on a small, but potentially important change at CME Group on its FX Link service. He is […]

The Times, They Are A-Changin’

‘Back to normal’ – three simple words, and a world of meaning. For those in the UK, Monday, 23rd March 2020 marked the point at which everyone’s life changed. Lockdown has had, amongst many other effects, a profound impact on how and where we work and the very nature of the job we do. The […]

Tora, Imagine Software, Partner for Buy Side Trading Solution

Order and execution management systems (OEMS) provider Tora has partnered with risk and compliance platform provider Imagine Software, to create a front-to-back trading solution for hedge funds and asset managers. Tora’s OEMS includes functions for portfolio rebalancing, pre-trade and post-trade TCA to improve execution quality combined with post-trade allocations and commission management tools. The integrated […]

Refinitiv Expands FX Post-Trade, Compliance Services

Refinitiv has launched Refinitiv Compliance Archive (RCA), a unified compliance archive for unstructured message and trade data from more than 50 sources, which is designed to help compliance teams reconstruct, oversee and efficiently analyse activity. The archive and supervision system is the latest initiative in the 13-year strategic technology collaboration between Refinitiv Messenger Compliance and […]

In the FICC of It

As liquidity has clearly deteriorated in FX markets over the past two weeks, this week’s podcast is faced with a series of questions regarding participant behaviour, and joining Colin Lambert to discuss these issues is John Crouch, founder and CEO of Ideal Prediction. Using the imagination for which he is famous* Lambert kicks things off […]

Firms Claim Industry First for Surveillance

Regtech firm Rimes and communication compliance solution provider Soteria say they have completed the first stage of their product integration project, thus providing integrated trade and communication monitoring to provide financial firms with comprehensive surveillance capabilities. The firms say that adhering to growing regulations and evolving regulatory surveillance capabilities is technically complex and both data- […]

Federal Reserve Terminates BofA FX Action

The US Federal Reserve has announced it is terminating its 2015 enforcement action against Bank of America for unsound practices in its FX business that led to the bank paying a $205 million fine. The termination, which took place on November 22 but was only announced December 3, ends a saga that started following a […]