Northern Trust and investment management solutions vendor SimCorp report that they are collaborating to facilitate an integrated exchange of data for clients of the custodian that also use the SimCorp Dimension platform. The collaboration leverages SimCorp’s software “with pre-established connectivity and Northern Trust’s support for data management,” says James Wright, head of asset owners, EMEA at… Read More >>
NYDFS Bolsters Crypto Fraud Monitoring Tools & Other News
NYDFS Redoubles Crypto Fraud Detection Efforts The New York State Department of Financial Services (NYDFS) has improved its cryptocurrency fraud detection of New York State-regulated entities via “new insider trading and market manipulation risk monitoring tools,” according to Adrienne A. Harris, superintendent for the NY DFS. The new monitoring tools will help NY DFS detect… Read More >>
Corporate Actions Processing Needs Standards & Uniformity: SIFMA
U.S. corporate actions processing needs more standards and that will require more regulation focused on the timing of corporate actions notifications, submissions, disclosers, and supporting activities, according to a new report from industry association SIFMA and consultancy Ernst & Young (EY). Smoother corporate actions processing would also be in line with the securities industry push… Read More >>
SimCorp Faces a Horse Race in North America: Q&A
(Editor’s note: Investment management solutions vendor SimCorp, based in Copenhagen, recently announced that it had hired John Needham to be its next managing director for SimCorp North America. An industry veteran with 25 years of experience, Needham had been working for trading and risk management provider Murex in a senior leadership position before joining SimCorp…. Read More >>
Firms Are Behind On CFTC Rewrite Deadline: Survey
More than half of the respondents to a recent survey say that they are behind in meeting the pending reporting requirements for what is known as the “Commodity Futures Trading Commission (CFTC) Rewrite,” which means that they might miss the December implementation deadline. The CFTC Rewrite refers to the changes coming to the over-the-counter (OTC)… Read More >>
Ops Needs to Work More Closely with IT: Q&A
(FTF News recently got time with Emin Tatosian, the co-founder and chief technology officer (CTO) of FX HedgePool, a matching platform for the FX swaps market that launched in 2019. The company, which targets the mid-market execution of FX swaps, says it separates liquidity from credit and helps passive hedgers move liquidity among themselves with… Read More >>
FCA Targets False ESG Labels
Picture it, teatime at London’s Financial Adventurers Club. “I say, chaps,” says one disreputable fellow, “did you see what the Yanks have come up with? ‘Green investing’! ‘Sustainable’! Must be some way to pocket a few shillings peddling that to the punters.” That’s greenwashing, and you can add it to your list of financial scams…. Read More >>
CACEIS & RBC Investor Services Collaborate & Other News
CACEIS to Acquire Part of RBC Investor Services CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, and the Royal Bank of Canada (RBC) report that they have signed a Memorandum of Understanding (MoU) intended to result in the CACEIS acquisition of the European asset servicing activities of RBC Investor Services and… Read More >>
SEC Ends WORM-Only Storage Requirement
At long last, the SEC is ushering in a new era of electronic recordkeeping and many across the land are happy about it. In particular, the SEC has voted to adopt amendments to its rules regarding “electronic recordkeeping, prompt production of records, and third-party recordkeeping service requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and… Read More >>
SIBOS Explores a Shared Digital Future
The multiple impacts of digital assets and the digitization of traditional assets got plenty of attention at the first in-person version of the Sibos conference since 2019 that got underway earlier this week in Amsterdam. Put on by the SWIFT cooperative, Sibos 2022 was expecting “nearly 10,000 participants,” according to officials. The conference sessions, which… Read More >>
