SS&C Technologies Holdings, Inc. has created a new layer of data integration between its Advent Moxy trade order management system (TOMS) and Advent Portfolio Exchange (APX) offerings that will allow end-users to set up automatic, real-time synchronization of common data that will let front- and back-office staff work from the same, current information. The data… Read More >>
Commerzbank, CFTC Settle Swap Ops Case for $12M
Commerzbank A.G. and the CFTC have agreed to settle allegations that the German bank failed to properly supervise its swap dealer activities, and then made misleading statements and material omissions to the CFTC about swap operations and compliance with key laws and regulations. A recently issued CFTC order compels Commerzbank, provisionally registered with the regulator… Read More >>
Northern Trust, FIS Collaborate on Private Equity Tools
Custodian bank Northern Trust has been collaborating with vendor FIS to offer private equity fund administration clients better reporting and analytical tools that will bring more transparency to fund operations, facilitate on-demand data and deliver customized views of portfolio information. The collaboration is built upon FIS’s Data Exchange Reporting and Analytics (DX R&A) solution, officials… Read More >>
FINRA, SEC Slam ICBCFS Over Allegedly Inadequate AML
The Financial Industry Regulatory Authority (FINRA) reports that it has censured and fined Industrial and Commercial Bank of China Financial Services (ICBCFS) $5.3 million for systemic anti-money laundering compliance failures, including its failure to have a “reasonable” AML program in place to monitor and detect suspicious transactions, as well as other violations, including financial, record-keeping… Read More >>
Calpers Wants Private Equity Firms to be More Transparent
The California Public Employees’ Retirement System (Calpers), the largest public pension fund in the U.S., is looking for more transparency from private equity firms and calling for a more open reporting process going forward. That’s important because, in 2015, Calpers invested $27.6 billion in private equity. But as big as that investment seems, it’s less… Read More >>
Linedata Fills EVP Post for Sales
Linedata has appointed John Kiley executive vice president (EVP) of sales and co-head of the global front and middle office asset management business line, officials say. Kiley will be responsible for global business development and client adoption strategies across the front and middle office product suite, including Linedata Longview, Linedata Trader+, Linedata Compliance and Linedata… Read More >>
Massad Favors Regs Hybrid for Cross-Border Uncleared Swaps
CFTC Chairman Timothy Massad says he’s leaning toward a hybrid approach to the problem of regulatory harmony for uncleared swaps transacted across multiple jurisdictions around the globe but he’s careful to note that his agency has not reached any conclusions. “We recognize the importance of having the uncleared margin rules of different jurisdictions be as… Read More >>
More Firms Buy Than Build Analytics Systems for PM
Financial services firms are trending toward buying third-party solutions when they face the build-or-buy decision for implementing a performance measurement analytics system as revealed by panelists at Financial Technologies Forum’s Performance Measurement 2015 conference, held yesterday in New York City. The panel featured industry participants on hand to dissect the most important issues to keep… Read More >>
Misys: Regulatory Reporting Still Dominates
Q: What SWIFT-related product trends have you seen among your clients for this year? A: The big trend we’ve seen from our European financial institutions, as well as a few NA [National Association] corporations with European subsidiaries, is the requirement for regulatory reporting. Not only is there a need for service providers to route information… Read More >>
Wurts & Assoc. Picks MSCI Platform
MSCI Inc., a provider of investment decision support tools, reports that Wurts & Associates, an investment consulting firm, has chosen MSCI’s InvestorForce platform to manage its performance and reporting processes, replacing the company’s previous internal system. Wurts has subscribed to the full suite of InvestorForce services, including InvestorForce Insight, which they will use to provide… Read More >>
