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Derivatives Service Bureau Plans for Changes to Interest Rate Derivatives Reporting Under MiFIR
The Derivatives Service Bureau (DSB) will open a user acceptance testing environment on July 7, 2019 to help financial institutions within the scope of MiFID II and MiFIR meet ESMA guidance on changes to interest rate derivatives reporting set out in RTS 23 field 41. ESMA updated its Q&A on MiFIR Data Reporting in September…
Embracing the Known in FRTB: Why Banks Need to Step Away from the Data Pool and Start with the Familiar
By: Charlie Browne, Head of Market & Risk Data Solutions, GoldenSource. The Fundamental Review of the Trading Book (FRTB) is coming and it has sent firms into a spin around how to get the data required to prove risk factor modellability. It is the first time banks will be obligated to do this, a mammoth…
Refinitiv Withdraws KYC as a Service Solution
Refinitiv is planning to withdraw its KYC as a Service offering, most likely late this year, once again raising questions around the viability of the utility model and following Bloomberg’s decision to pull out of the KYC market and withdraw its Entity Exchange KYC and client onboarding solution little more than a month ago. Refinitiv’s…
The Trials, Tribulations and Potential Benefits of FRTB Compliance
Fundamental Review of the Trading Book (FRTB) regulation is more prescriptive than former Basel 2.5 market risk requirements, calls for a consistent workflow across risk, finance and the front office, and needs firms to source previously unused and difficult to find data – challenges that many banks have yet to conquer ahead of the January…
DTCC Adds Vendor Partners to Help Mutual Clients Achieve SFTR Compliance
Reflecting DTCC’s recent announcement that Barclays, Goldman Sachs and J.P. Morgan have signed up to use its Global Trade Repository (GTR) to meet their obligations under the European Union’s Securities Financial Transactions Regulation (SFTR), the company has named additional vendor partners that it will work with to support mutual clients. New partnerships have been made…
idaciti Introduces Viewer to Support iXBRL Reporting Format
Jurisdictions around the world are beginning to adopt Inline XBRL (iXBRL), leading idaciti to bring Inline XBRL Viewer, a means of working with data from corporate reporting filings, to market. iXBRL combines human-readable disclosures (in HTML) and machine-readable data (in XBRL) in the same filing, creating a new digital reporting format. The format reduces the…
SEC N-PORT Deadline Compliance Met with RegTech
Confluence has announced that those of its clients with a May 30, 2019 Form N-PORT filing requirement have completed their filings with the US Securities and Exchange Commission (SEC). Confluence’s clients represent fund administrators and asset managers servicing more than 75% of funds filing Form N-PORT. They have met their Form N-PORT requirements using Unity…
Recorded Webinar: FRTB: Laying the groundwork for compliance
The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has never previously been required mean firms should already be identifying tools, solutions and…
FRTB 2022 Deadline Proves Tricky for Firms and Regulators
Global regulatory implementation of the Basel Committee on Banking Supervision’s (BCBS) Fundamental Review of the Trading Book (FRTB) may be unevenly paced, creating challenges for financial institutions and regulators alike. FRTB was introduced to fix problems that both regulators and the industry perceived with so-called ‘Basel 2.5’ market risk changes, which were put in place…
How to Source and Manage Data for FRTB – The Challenges and Opportunities
Sourcing and managing data for Fundamental Review of the Trading Book (FRTB) compliance is no mean feat, but there are options and choices to be made as firms within the scope of the regulation build out compliance programmes ahead of its January 2022 deadline. A panel session at A-Team Group’s recent FRTB briefing in London…