The lack of global standards in the trade repository space (TR) could hinder the repository process, a finding of the European Securities and Markets Authority (ESMA) in its recently published 55-page 2016 annual report, which outlines its supervisory priorities for credit ratings agency (CRA) governance as well as the quality and data access for TRs…. Read More >>
S&P May Cut Ratings for BofA, Citi, JPMorgan, Morgan Stanley & Others
Eight major U.S. financial services firms may have another issue to worry about as ratings agency Standard & Poor’s is putting them on a watch list for ratings cuts because these firms may be affected by a proposed rule of the Federal Reserve ending bailouts for firms that are “too big to fail.” The eight… Read More >>
J.P. Morgan Re-Masters Its Reference Data Operations
(Editor’s Note: This story will appear in the Winter/Spring digital edition of the FTF News magazine, which will be online next month.) J.P. Morgan’s realignment of its investment-banking and Worldwide Securities Services businesses has yielded not only the Corporate & Investment Bank unit but has led to an overhaul of its reference data operations. The… Read More >>
