The Financial Stability Board (FSB) is pushing jurisdictions to make their regulation of cryptocurrencies and other digital assets more consistent with the FSB’s framework and to follow new recommendations aimed at facilitating a cohesive oversight of the global crypto-asset market and preventing regulatory arbitrage. A new peer review progress report from the FSB cites “significant… Read More >>
Citi Takes Aim at Asset Servicing Woes via SEP
Citi’s post-trade platform, Citi Investor Services, has a new feature for asset servicing — Single Event Processing (SEP) technology — a development that Citi officials are calling “a significant step” for real-time asset servicing, prompting the bank to say that “the majority of its custody flows” will be processed via SEP in 2026. In fact,… Read More >>
SFP Group Adopts Broadridge’s Front-to-Back Platform
Swiss real estate asset manager Swiss Finance & Property Group (SFP Group) is using an investment management technology platform from Broadridge Financial Solutions to oversee more than $15 billion in assets under management. The platform is based on a software-as-a-system (SaaS) platform that is intended to help SFP Group prepare for more growth with a… Read More >>
FICC Seeks SEC Approval for Triparty Clearing for Treasuries
The Fixed Income Clearing Corp. (FICC) may be able to offer triparty clearing in time for expanded U.S. Treasury clearing rules via a new offering, dubbed the ACS Triparty Service, within its Agent Clearing Service (ACS) capabilities. However, the Securities and Exchange Commission (SEC) must agree to a rule change requested by FICC officials. “As… Read More >>
Are You Ready for T+0 in 2027?
(Editor’s Note: The Financial Markets Standards Board (FMSB) recently published a paper on “The Future of Financial Markets,” addressing the array of challenges the industry continues to grapple with as it transitions to T+, as well as the realities of moving today’s interconnected global market to the hallowed T+0 settlement. Rich Robinson, U.S. chair of… Read More >>
SEC Cuts Costs for SROs Supporting the CAT System
The Securities and Exchange Commission (SEC) granted “exemptive relief “to the self-regulatory organizations (SROs) that are essentially underwriting the operating costs of the consolidated audit trail (CAT). The ambitious big data CAT system got its start in 2012 in the wake of the Flash Crash of 2010. That event spurred demand for a U.S. securities… Read More >>
Verity Acquired to Boost TMX Datalinx Offering
A company overseeing many exchanges, TMX Group, operator of the Toronto Stock Exchange, has acquired Verity, the maker of a buy-side investment research management system, in an effort to bolster a growth strategy for TMX’s Datalinx client offering, officials say. Verity has two core offerings — VerityRMS, a research management system, and VerityData, featuring datasets… Read More >>
SEC & CFTC Scale Back to Skeleton Staffs
With the shutdown of the U.S. federal government, the financial markets regulators — the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) — have issued guidelines to help staff members and market participants maintain some regulatory requirements. During the shutdown, the SEC “will have only an extremely limited number of staff… Read More >>
CFTC Unveils Tokenized Collateral Initiative
The Commodity Futures Trading Commission (CFTC) is doing everything it can to facilitate a Golden Age of Crypto, according to Caroline D. Pham, the CFTC’s acting chairman. For instance, CFTC “will launch an initiative for the use of tokenized collateral, including stablecoins in derivatives markets. This initiative builds on the CFTC’s successful Crypto CEO Forum… Read More >>
SEC Explores New Rules for RMBS & ABS Transactions
The Securities and Exchange Commission (SEC) wants to hear from the securities industry about ways the regulator can improve its rules governing residential mortgage-backed securities (RMBS) and aspects of asset-backed securities (ABS). To gather those opinions, the SEC published a concept release inviting public comment. “The concept release notes there have been no public RMBS… Read More >>
