In a bid to create “clear and fit for purpose rules,” the Securities and Exchange Commission (SEC) is proposing a framework, titled “Regulation Crypto Assets,” that will harbor some exemptions from federal securities laws for key investment contracts involving crypto assets. The proposal follows the SEC’s March 2026 interpretation “clarifying how the federal securities laws… Read More >>
Pre-Settlement Plumbing Must Be Ready for T+1: ESMA
The European Union’s broader shift to a T+1 settlement cycle is officially slated for October 11, 2027. However, for middle- and back-office operations teams, the real deadline arrives nearly a year earlier. The European Securities and Markets Authority (ESMA) has drawn a line in the sand, mandating that market participants must finalize their allocations and… Read More >>
SEC Explores Direct Control of the CAT System
The Consolidated Audit Trail (CAT) may have a new life under the direct management of the Securities and Exchange Commission (SEC). SEC Chairman Paul S. Atkins reveals in his Aug. 10 letter to Robert Walley, chair of the CAT NMS Plan Operating Committee, that many in the securities industry want the SEC to directly control… Read More >>
Rogue A.I. Models Can Attack
By now, you probably have heard about the rogue artificial intelligence incident where “cyber-capable” OpenAI models acted on their own and created havoc with Hugging Face, a company that describes itself as “The Home of Machine Learning.” OpenAI created ChatGPT. The AI-based hack has sent shock waves across multiple industries, C-suites, and boardrooms, including, I… Read More >>
Why Tokenization Makes ISO 20022 Migration Unavoidable
(Tokenization has a little problem with decimalization that could become a big argument for fully embracing ISO 20022. So says Paul Fullam, the 2026-27 Chair of ISITC, a global industry trade group. Fullam is also a senior business consultant at FIS Global, and a securities operations veteran. “The problem is how far out past the… Read More >>
Allspring Adds Distribution Data Support to SS&C Engagement
Independent asset management firm Allspring Global Investments has added to its long-term agreement with SS&C Technologies by choosing SS&C SalesConnect as its primary sales data management solution for all intermediary distributed products in the U.S., officials say. Allspring has $642 billion in assets under advisement. Allspring is an existing customer of SS&C’s suite of services… Read More >>
Banks in the Nation of Georgia Embrace Nasdaq Calypso
The National Bank of Georgia — the European nation, not the Southern state — intends to modernize its treasury and financial markets infrastructure with the help of provider Nasdaq Calypso Technology, whose platform will serve as a common infrastructure for the front-to-back trade lifecycle, officials say. “Five of the country’s largest commercial banks — Bank… Read More >>
Murex’s A.I. Research Effort Will Focus on Capital Markets
The hype, scope, and achievements of artificial intelligence (A.I.) technologies are stunning for good and bad reasons. It is no secret that A.I.-based anything is getting glib approval everywhere, including the multiple facets of securities operations. The only period that is somewhat comparable is the run-up to the Year 2000, when every Y2K project got… Read More >>
StanChart Links Its System to BlackRock’s Aladdin Wealth
Standard Chartered is integrating its “myWealth Advisor” platform with BlackRock’s wealth management technology platform, “Aladdin Wealth,” and the initial rollout of the combined systems will be to Singapore and Hong Kong across the bank’s Priority, Priority Private, and Private Banking client segments, officials say. The bank plans to offer the integrated systems to additional markets… Read More >>
USD Stablecoin To Be Explored for Tokenized Settlement
In a bid to help firms maximize the benefits of tokenization, financial services market infrastructure provider Euroclear and stablecoin issuer Société Générale-FORGE (SG-FORGE) will be exploring how a regulated USD stablecoin can be applied to the settlement and issuance of tokenized short-term funding instruments denominated in dollars, officials say. The initiative will happen at the… Read More >>
