BNP Paribas Securities Services has partnered with Calypso Technology to provide global, sell-side institutions with a post-trade processing solution that encompasses clearing, custody, and middle- and back-office services. The BNP group is a multi-asset servicing specialist that is a wholly owned subsidiary of the BNP Paribas Group. The subsidiary’s multi-asset class operating model, which covers… Read More >>
Special Report: Coping With the Challenges of Regulatory Reporting
In this special report, FTF News delves into the many challenges that global financial services firms face when they have to meet the multiple, complex and sometimes overwhelming requirements of regulators overseeing major financial markets. As financial reform has taken root since the global financial crisis, regulatory reporting to multiple authorities across many geographies has… Read More >>
Global Markets to Brace for E.U. Regs in 2017
(FTF News is sampling the flurry of securities industry predictions that are hitting as 2017 becomes reality and 2016 starts to fade. This review of predictions will be presented in three parts this week. This is the first installment (click here for second installment and here for third installment) and it focuses on what may… Read More >>
Eagle, Donnelley Alliance Targets New SEC Reporting
Eagle Investment Systems and Donnelley Financial Solutions have formed a strategic alliance to create an integrated offering that will help firms comply with new monthly and annual SEC reporting rules that require the gathering of “census-type” and portfolio data about mutual funds and exchange-traded funds (ETFs). Specifically, the alliance will graft Donnelley’s financial reporting and… Read More >>
CFTC Penalizes Société Générale $450K for Software Glitch
The CFTC has issued a penalty of $450,000 against Société Générale SA over charges that the French banking giant failed to properly report non-deliverable forward transactions to a swap data repository (SDR), and failed to report many FX swap, FX forward, and non-deliverable forward transactions to an SDR. The cause of the problem was a… Read More >>
Buy Side Hustles to Meet Bank of Israel Deadline
(Sapient Global Markets, a consultancy for financial services and commodity markets, reports that its Compliance Management Reporting System (CMRS) complies with the forthcoming, mandatory reporting requirements of the Bank of Israel (BoI), the central bank of the Jewish state. Sapient has updated the rules engine of CMRS so that it offers a connection to the… Read More >>
Tudor Investment Helps Launch API Platform for Excel Users
Investment management firm Tudor Investment Corp. and compliance vendor Risk Focus are debuting a platform that facilitates an application programming interface (API) layer that links Microsoft Excel spreadsheet users to models and data analytics. The new platform from Risk Focus is APIX, which is being targeted at “traditional Excel power users and application developers, notably,… Read More >>
ICAP to Offer Regulatory Reporting via Abide Acquisition
ICAP, an interdealer broker and post-trade IT vendor, is acquiring a regulatory reporting specialist, Abide Financial, in order to integrate Abide’s wares into ICAP’s Post Trade Risk and Information (PTRI) offerings, targeting the growing demand among trading firms for solutions to help them comply with multiple regulatory authorities, officials say. ICAP’s investment arm for emerging… Read More >>
Luxembourg Bank Tackles IRS Reporting Regs
BCEE Implements SmartStream’s Corona Banque et Caisse d’Epargne de l’Etat of Luxembourg (BCEE) has implemented a way to help the bank meet reporting and audit trails regulatory requirements of the Internal Revenue Service (IRS) that have a tight turnaround time. In general, banks only have a few weeks to reconcile annual data before the legal… Read More >>
Credit Suisse, Ipreo, Symbiont, R3 Finish First Step for Syndicated Loan Blockchain
Blockchain Proof of Concept Effort Will Go On Credit Suisse, Ipreo, Symbiont and R3 have completed the successful initial stage of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market, officials say. The proof of concept will continue throughout the year and will includes participation from agent banks,… Read More >>
