As securities firms move toward the new Nirvana of digital transformation, the result will be an acceleration of staff cuts resulting in “an enormous reduction in staff with more than 400,000 full-time employees lost by 2030,” according to a report from market research firm Opimas. In fact, asset management firms may see the greatest impact,… Read More >>
Blockchain’s Myths Starting to Fade: Report
Despite the hype, there is currently very little hard data to evaluate the benefits of blockchain-supported systems over existing infrastructures, according to a new report, “Blockchain in Capital Markets: More Evolution than Revolution,” by market research consultancy Opimas, based near Paris. The initial results of the blockchain/distributed ledger technology (DLT) are indicating that the emerging… Read More >>
Compliance to Get Sliver of FinTech Spending Boom
Financial institutions across the globe will spend $127 billion on financial technology this year although surprisingly only $6 billion will be slated toward regulation and compliance, according to a new report, “FinTech Spending and Innovation in Capital Markets on IT,” published by consultancy Opimas. Axel Pierron, co-founder and managing director of Opimas and co-author of… Read More >>
Electronic Trading Jolts FX Markets to Change
The foreign exchange (FX) markets have undergone significant transformation with electronic platforms comprising a greater share of activity. However, the nature of trading has also changed and venues will have to up their game if they want to attract and retain a growing and diverse group of market participants, according to a new report, “FX… Read More >>
ESMA Urges Action on MiFID II Data Reporting
The European Securities and Markets Authority (ESMA) has issued a briefing note on the transaction reporting requirements for the Markets in Financial Instruments Directive (MiFID II), which sets out a detailed timetable of the deadlines. The Briefing Paper refers to the technical requirements and templates for data reporting, which ESMA published in October 2016. The… Read More >>
ESMA Explores Blockchain’s Risks and Promise
It was only a matter of time before regulators wanted to lift the lid on blockchain and look deeper into the potential opportunities and challenges in the financial services sphere. The European Securities and Markets Authority (ESMA), an EU financial services watchdog, is throwing down the gauntlet with its recent discussion paper for public consultation… Read More >>
Report Bursts Blockchain/DLT Bubbles for Ops
There is no doubt that Blockchain/distributed ledger technology (DLT) has become one of the most talked about technologies in the world. Conferences, articles and events have been hailing its attributes but a recent report by Boston-based management consultancy Opimas shows that the technology may not be the panacea that many market participants are envisioning. The… Read More >>
