The researchers behind the 2025 Investment Management Compliance Testing (IMCT) Survey declare that they have found “a new king of compliance topics:” the adoption of technologies that use artificial intelligence (A.I.) The 20th IMCT Survey, which provides insight into compliance testing practices and priorities, was based on polling 577 compliance professionals. “This year’s results highlight… Read More >>
‘Genius Act’ Hopes to Launch a Stablecoin Revolution
Late last week, President Donald J. Trump signed the Genius Act into law, creating “the first-ever Federal regulatory system for stablecoins, ensuring their stability and trust through strong reserve requirements,” according to the White House. The legislation is intended to “pave the way for the United States to lead the global digital currency revolution.” However,… Read More >>
SEC Designates Acting Chair for the PCAOB
Independent watchdog, the Public Company Accounting Oversight Board (PCAOB), will soon have a new acting chair, George R. Botic, who will take over for PCAOB Chair Erica Y. Williams after her resignation takes effect July 22, 2025. This is according to the Securities and Exchange Commission (SEC), which designated the line of succession for the… Read More >>
ECB Reports Progress Toward a Digital Euro
Officials at the European Central Bank (ECB) report that they are making progress in laying the foundation for “the potential issuance of a digital euro.” This comes via a third progress report on the preparation phase of a digital euro, which was launched on Nov. 1, 2023. The digital euro project is a collaborative effort… Read More >>
Delta Capita Embraces Blockchain-Based OTC Ops
Delta Capita, a provider of consulting, managed services, and technology solutions for capital markets, has launched Elaris OTC, a solution intended to streamline and modernize post-trade processes for over-the-counter (OTC) derivatives, officials say. The Elaris OTC technology platform uses the Fragmos Chain blockchain for derivatives and facilitates the “automated matching of OTC derivatives trades and… Read More >>
‘Crypto Week’ Marks the Arrival of Digital Assets
The powers that be in the federal government are facilitating digital asset and crypto projects, tokenization efforts, and cryptocurrency legislation and regulation, and have even declared that the week of July 14 as “Crypto Week.” Yet SEC Commissioner Hester M. Peirce, who generally favors innovation for digital assets, has made a regulatory declaration that will… Read More >>
SS&C Adds Investment Management Suite to Black Diamond
SS&C Technologies has added a suite of integrated capabilities to its Black Diamond Wealth Platform — dubbed Black Diamond Investment Management Services — that is intended to elevate client outcomes for advisors via streamlined portfolio management, trading, and client engagement, officials say. “Shifting client expectations are driving the need for advisors to solve more problems… Read More >>
Standard Chartered Launches Spot Trading for Bitcoin & Ether
Standard Chartered has launched an integrated digital assets trading service for institutional clients that includes spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) through its U.K. branch and will be introducing non-deliverable forwards (NDFs) trading, officials say. Officials at the bank say this move makes Standard Chartered “the first global systemically important bank to offer… Read More >>
FICC Reports New Clearing Peak of $11.8 Trillion
The Fixed Income Clearing Corp. (FICC), a subsidiary of the Depository Trust & Clearing Corp. (DTCC), processed a new peak volume of $11.8 trillion in cleared transactions through its Government Securities Division (GSD) on June 30, the highest GSD volume recorded since April 9, when peak volume reached $11.4 trillion, officials say. “FICC’s Sponsored Service… Read More >>
Firms Underestimate the Total Cost of Collateral
(The total cost of collateral is often underestimated because it extends beyond the direct cost of the assets themselves, explains Wassel Dammak, head of product strategy, collateral management at Vermeg, in a wide-ranging FTF News Q&A. The total cost of collateral encompasses three key components within any financial institution: technology, people, and processes, he adds…. Read More >>
