Key securities industry trade associations are challenging the disclosure procedures of a cybersecurity rule adopted in 2023 by the U.S. Securities and Exchange Commission (SEC), asking the regulator to return to a principles-based disclosure regime. SIFMA, the American Bankers Association (ABA), the Bank Policy Institute (BPI), the Independent Community Bankers of America (ICBA), and the… Read More >>
‘Project Pine’ Explores Central Bank Ops & Tokenization
As U.S. regulators explore new guardrails for digital assets, the Federal Reserve Bank of New York and the Bank for International Settlements (BIS) based in Basel, Switzerland, have been experimenting with tokenization. The New York Fed and BIS have completed an initial exploration of how central banks could run monetary policy operations in a world… Read More >>
Prometheum Bolsters Support for On-Chain Securities
Officials at Prometheum Inc., a market infrastructure provider for blockchain-native securities, report that they have registered Prometheum Coinery LLC as a digital transfer agent with the U.S. Securities and Exchange Commission (SEC) and acquired ProFinancial Inc., an SEC-registered and FINRA-member broker-dealer. These actions make Prometheum “one of the only platforms to offer end-to-end lifecycle support… Read More >>
SimCorp One to Get Clearstream’s Post-Trade Apps
Clearstream’s post-trade offerings will become part of SimCorp’s integrated, front-to-back office investment platform, known as SimCorp One, as a result of a new partnership between the two companies, officials say. SimCorp is a provider of investment management solutions, while Clearstream offers fund dealing, distribution, digital, and data services to more than 55 fund markets worldwide,… Read More >>
The SEC Is Leaving a Crypto Limbo
The smoke has cleared, the U.S. Senate confirmation process is over, and the swearing-in ceremony is part of history. There is a new sheriff in town, and SEC Chairman Paul S. Atkins made several things clear on May 19 when he made remarks before the “SEC Speaks” conference. Atkins provided a quick and useful history… Read More >>
BNP Paribas Exane Models Available on Bloomberg Terminals
French banking giant BNP Paribas and Bloomberg, a provider of market and reference data and news, have announced that Bloomberg Terminal clients can now access equity research models from BNP Paribas Exane. Exane was founded in 1990 around three complementary business lines: cash equities (BNP Paribas Exane); structured solutions (Exane Solutions); and asset management (Exane… Read More >>
CAT System Comes Under New Scrutiny
The Consolidated Audit Trail (CAT) had a controversial path on the way to becoming a key weapon of U.S. market regulators in their fight against the manipulation of financial markets and other abuses that leave an electronic trail. But it looks as if the CAT surveillance system might be on a challenging path again, as… Read More >>
INDATA Bolsters Key Offerings via A.I. Tools
INDATA, a software and services provider for the buy side, has enhanced its order management system (OMS), portfolio accounting/reporting support, and manager/client portal offerings in an effort to offer productivity improvements for its clients, officials say. The provider of cloud-native, software-as-a-service (SaaS) technology and managed services is offering the following improvements: INDATA AI Agent for:… Read More >>
Tariff Turmoil Creates Big Clearing & Settlement Spikes
(Global financial markets entered into new levels of volatility over the past month as a result of the Trump administration’s tariff agenda. The impacts stretch from the front office to the middle- and back-office teams and enterprise-wide IT infrastructures. While firms grapple with shifting investor demands and significant market churn, their systems, infrastructures, and strategies… Read More >>
Finastra Takes Aim at MT-to-ISO 20022 Translations
Finastra, a provider of financial services software applications, recently launched its Transformation Service in support of the translation of MT formatted messages to the new ISO 20022 MX messaging standard. The new service is intended to help firms with financial messaging cooperative Swift’s migration from MT to MX ISO 20022 messaging standards. “The Transformation Service… Read More >>
