Manual Brings New Transparency to DOE In a first for the CFTC, the regulator’s Division of Enforcement (DOE) is publishing and distributing an Enforcement Manual that provides an overview of the CFTC and DOE. The manual is also intended to establish general policies and procedures to guide the work of DOE staff in “detecting, investigating,… Read More >>
SWIFT Picks a New President
Pérez-Tasso to Replace Leibbrandt on July 1 Javier Pérez-Tasso has been appointed the new CEO of SWIFT, and he will replace Gottfried Leibbrandt on July 1. Leibbrandt previously announced at the end of last year that he would be stepping down at the end of June. Pérez-Tasso has been a member of the SWIFT executive… Read More >>
Deutsche Bank Clients Using LCH CDSClear
First German Bank to Use CDSClear Deutsche Bank is the first German bank to offer its clients clearing via CDSClear, and asset management firms MEAG and Union Investment are clearing European and U.S. credit default swap (CDS) instruments via global clearinghouse group LCH. “Offering clients access to LCH CDSClear will provide them with more… Read More >>
ISDA Publishes CDM Blueprint for the Industry
ISDA Wants CDM to Restructure the Market The International Swaps and Derivatives Association (ISDA) has published the “full version of the ISDA Common Domain Model (CDM) for interest rate and credit derivatives,” which ISDA officials hope will serve as “a common blueprint” for restructuring the foundations of the market. To facilitate that restructuring, ISDA will… Read More >>
SEB to Use DTCC Repository for SFTR Compliance
SEB Extends DTCC Agreement via Global Trade Repository Swedish financial group Skandinaviska Enskilda Banken (SEB) has decided to use the Global Trade Repository (GTR) services of the DTCC to meet regulatory obligations under the Securities Financing Transactions Regulation (SFTR) that are likely to take effect in April 2020. The decision is an extension of SEB’s… Read More >>
Temenos Offers NAV Oversight via Bloomberg Terminal
Temenos Collaborates with Bloomberg Banking software vendor Temenos is collaborating with Bloomberg to deliver contingency Net Asset Value (NAV) calculations to buy-side institutions via the Bloomberg terminal. Temenos is making its Multifonds Global Accounting product accessible via the Bloomberg Terminal, so that it will operates with data, analytics, and other investment workflow services from Bloomberg,… Read More >>
Bakkt Secures $182 Million in Funding
Twelve Major Investors Fund BAKKT’s Future Crypto-currency platform startup Bakkt has completed its first round of funding of $182.5 million “from 12 partners and investors who, like us, believe in the future of digital assets,” says Kelly Loeffler, Bakkt CEO, in a recent blog posting on the company’s website. “The partners and investors in… Read More >>
CFTC Exempts Key MTFs From SEF Status
U.K. MTFs Can Operate as Exempt SEFs The U.S. Commodity Futures Trading Commission (CFTC) has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorized within the European Union to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs). The four additional United Kingdom-based… Read More >>
U.K. Specialist Firm Embraces ‘Recs as a Service’
Genesis Investment Management Deploys Watson Wheatley Service London-based Genesis Investment Management, a specialist investment management firm, is the first official customer of reconciliation vendor Watson Wheatley’s “reconciliation as a service” offering, according to officials at the firm and the vendor. The new offering from Watson Wheatley leverages the audit controls and automation of the iRecs… Read More >>
Brevan Howard Uses AcadiaSoft for IM Management
A Major Buy-Side Firm Embraces AcadiaSoft’s IMEM AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives market, reports that Brevan Howard has been added to the users of AcadiaSoft Hub’s Initial Margin Exposure Manager (IMEM). As one of the first buy-side firms that falls within the scope of Phase Three of… Read More >>
