For this week’s posting, I purposely tried to find news items that if not necessarily good news had some silver linings of hope and progress. I found three via my random, unscientific search. SEC Achieves Early $30 Million Settlement in Newswire Hacking Case The first piece I hit upon was the news from the SEC… Read More >>
ISDA Pushes for a Derivatives Product ID Standard
Derivatives trading advocate the International Swaps and Derivatives Association (ISDA) has launched a symbology project intended to provide an industry-wide, open-source standard to help all derivatives facilities such as trading venues, clearinghouses, repositories and other infrastructures meet regulatory needs. The new industry data project is charged with developing an open-source standard derivatives product identification system… Read More >>
EDM Council, OMG Build a Rosetta Stone for Data
New standards currently being developed by the Enterprise Data Management (EDM) Council and the Object Management Group (OMG) could have a big impact on how firms comply with the reporting requirements of post-crisis regulations in the near future. The standards, known as the Financial Industry Business Ontology (FIBO), began taking shape last year when officials… Read More >>
Q&A: ‘The Ambition Is to Make the LEI System Valuable’
The Global Legal Entity Identifier Foundation (GLEIF) recently appointed Karla McKenna of Citigroup as its new head of standards. The GLEIF is responsible for issuing Legal Entity Identifiers (LEIs) for firms operating in the financial markets, and in her new role McKenna will be responsible for “facilitating the development and implementation of GLEIF standards and… Read More >>
BSI Certifies Security for Torstone Technology
Post-trade processing vendor Torstone Technology has been awarded the International Standard Organization (ISO) 27001:2013 specification by the British Standards Institution (BSI), officials say. The ISO 27001:2013 is an information security management specification, which is only awarded “to those companies that can meet the standard as judged by accredited, independent auditors,” according to a company statement…. Read More >>
