News, Treasury news / 23 April 2013 /
A new report, Commodity Swaps: Corporations Face Rising Transaction Costs, from Greenwich Associates concludes that increased transaction costs associated with new regulations on banks and swaps markets could cause companies to reduce hedging activity and assume more risk from direct exposures to energy and other commodities. (more…)
News, Treasury news / 22 April 2013 /
DealHub (Option Computers Ltd) announced today that its regulatory solutions, including DealHub Smart Reporting, are live at multiple tier one and two banks, helping them comply with new Dodd Frank Regulations and providing a framework for handling other regulatory jurisdictions, including up-coming EMIR legislation in Europe. (more…)
News, Treasury news / 20 March 2013 /
Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management and liquidity, regulatory, transaction and MIS reporting solutions for the financial services industry, is pleased to announce that Lombard Risk’s REFORM for transaction reporting went live, enabling firms to meet February 28th Dodd-Frank Act Title VII regulatory deadline for FX, commodities and equity asset classes. (more…)
Blog / 11 March 2013 / Neil Hammerton, CEO of Natterbox
With telephone trading reform coming into force in the US this month, Neil Hammerton, CEO of Natterbox, takes a look at the technology troubles UK traders faced when the FSA’s phone ruling was implemented. (more…)
Blog / 22 February 2013 / Andy Mellor and Simon Garwood, Fiserv
The incoming OTC derivatives regulations have been introduced by policy makers as a result of the global financial crisis and are principally aimed at reducing the systemic risk associated with the OTC derivatives market. Both the Dodd Frank Act and the European Market Infrastructure Regulation (EMIR) have far reaching implications for the global OTC derivatives industry. EMIR requires that anyone who has entered into a derivatives contract must report and risk-manage their derivative positions. Additionally, some European firms may be required to comply with parts of Dodd Frank if they have US clients. (more…)
Blog / 30 January 2013 / Matt Clay, Baringa Partners
In many ways 2012 was a year that never quite fulfilled its potential for change. Neither the much anticipated implosion of the Eurozone, nor the raft of regulatory initiatives set for completion played out in quite the way that the industry may have expected. (more…)
Banking news, News / 29 January 2013 / Fundtech
Fundtech, a market leader in global transaction banking solutions, today revealed the results of a recent survey on banks’ sentiments towards Dodd-Frank section 1073, which mandates transparency around costs, timing and repudiation for consumer cross-border transfers. The study exposed widespread sentiment that Dodd-Frank 1073 will have little benefit for consumers but will have far-reaching negative impacts on the payments business. (more…)
Blog / 14 January 2013 / Joe Morrissey – VP EMEA, 10gen, the MongoDB company
The overhaul of the US regulatory system with the Dodd-Frank Reform Act rippled across global financial markets. At the heart of this reform lay the comprehensive regulation designed to increase the transparency of financial transactions in an attempt to help avoid a similar crisis in the future. The act and its requirement for compliance has forced the financial services sector to take a much closer look at their back-office systems due to the increased data volumes that are a consequence of the act. (more…)
Legislation, News, Treasury news / 7 December 2012 / Wolters Kluwer Financial Services
Financial organizations across the globe encountered increased regulatory pressure in 2012 as more visibility and scrutiny were placed on the areas of compliance, risk, finance and audit. According to the experts at Wolters Kluwer Financial Services, that pressure is only likely to build in 2013. (more…)
News, Trading news / 4 December 2012 / SunGard
SunGard has extended the capabilities of its Protegent market abuse solution to help firms comply with the Dodd-Frank Act’s anti-manipulation requirements, including the latest rules from the U.S. Commodity Futures Trading Commission. (more…)
News, Trading news / 19 November 2012 / Global Financial Markets Association (GFMA)
The US Treasury decision to exempt foreign exchange forwards and swaps transactions from the clearing and exchange trading requirements of the Dodd-Frank Act is a critical step in ensuring the safe functioning of a well performing market and in promoting clarity in the international regulatory regime, according to the Global FX Division1 of the Global Financial Markets Association2. (more…)
News, Trading news / 1 October 2012 / SunGard
SunGard has extended Aligne, its energy trading and risk management (ETRM) solution, to help customers comply with the Dodd-Frank Act and find new opportunities in the growing natural gas market. (more…)
News, Technology news, Trading news / 25 September 2012 / GFI Group
GFI Group Inc., a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, announced today that it has added API (Application Programming Interface) connectivity on GFI ForexMatch® – its electronic trading platform for FX derivatives – for the trading of a number of Latin American non-deliverable forwards “NDFs”. GFI’s API facilitates real-time price quotations, trade execution and confirmations. API connectivity allows customers to seamlessly access and contributes to liquidity on GFI ForexMatch®. (more…)
September 2012 / 11 September 2012 / Jiro Okochi, CEO and Co-Founder, Reval
Jiro Okochi, CEO and Co-Founder, Reval, looks at the recent clarification given by the U.S. regulator in respect of swap definitions, and the timeframe for reporting, and concludes that there are still some areas of uncertainty.
On August 13, the definition of a swap was published to the Federal Register thereby making Friday, October 12, 2012 the effective start date for reporting swap data to Swap Data Repositories (SDRs). All swaps, as defined by this rule, must be reported to SDRs by one counterparty, starting with Credit Default Swaps and Interest Rate Swaps by swap dealers, Swap Execution Facilities (SEFs) and Derivative Clearing Organisations (DCOs). FX and commodity swaps follow soon after these market participants with reporting beginning on January 12, 2013. End-users were allowed some additional time and are not required to start reporting until April 12, 2013 for all asset classes.
Despite the further clarification around the definition of swaps and the reporting timeframes, there are still two key swap data reporting areas that most non-financial end-users remain in the dark about. (more…)
Blog / 1 August 2012 / Matt Woodhams, Head of eCommerce, GFI Group Inc.
History has proven that with regulatory change comes changing behaviour, business models, products and services. We have witnessed this in equity markets with MiFID where the sell-side has delivered innovative trading products and services. Market infrastructure participants created new liquidity venues, faster order handling and increased their efforts to create efficiencies in clearing and settlement. Today, the US Dodd-Frank Act is driving the OTC agenda, followed closely by MiFIR in Europe and more broadly in other regulatory jurisdictions. (more…)
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