Posts by Anna Reitman

acquisitions, Deutsche Borse, MarketAxess, regtech, Regulatory Reporting Hub

MarketAxess announced it’s entered into an agreement via Trax to acquire Deutsche Börse’s Regulatory Reporting Hub, a move expected to increase MarketAxess’ European client base for the services, particularly Germany,…

FinCEN seeks comments on enhancing effectiveness of AML programs

September 23, 2020

AML, FinCEN, regtech

The Financial Crimes Enforcement Network (FinCEN) issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a wide range of questions pertaining to potential regulatory amendments under…

SFTR experts on data quality and preparing for buy-side go-live (Premium)

September 23, 2020

CCP, Collateral Management, Regulatory, Repo, SFTR

data management, DTCC, ICMA, ICMA European Repo Council, SFTR, SFTR Report, topstory

The Securities Financing Transactions Regulation (SFTR) go-live since July is widely seen as a success with acknowledge rates for reports in the high 90s, and growing through September. As the…

BIS research shows fintech and bigtech credit reached $800 billion in 2019

September 22, 2020

bigtech, BIS, Credit Markets, fintech

Fintech and bigtech platforms have expanded their lending around the world. Credit markets around the world are undergoing a deep transformation. While banks, credit unions and other traditional lenders remain…

GAO: US Treasury is not prioritizing, tracking cyber efforts

September 22, 2020

cyber risk, US GAO, US Treasury

The US Treasury does not track efforts or prioritize them according to goals established by the sector for enhancing cybersecurity and resiliency, according to a report from the Government Accountability…

ECB to accept sustainability-linked bonds as collateral in 2021

September 22, 2020

ECB, ESG, Green Bonds

Bonds with coupons linked to sustainability performance targets to become eligible as central bank collateral Potential eligibility also for asset purchases under the APP and the PEPP subject to compliance…

Tel Aviv bourse launches API-based system for direct data access

September 22, 2020

APIs, data analysis, market data, predictive analytics, TASE

The Tel Aviv Stock Exchange (TASE) is launching an API-based system that for the first time allows direct and immediate access to its market data. The API-based system, named TASE…

CQC in world’s first with certified quantum randomness for IBM Q network

September 21, 2020

CQC, IBM Q, Quantum Computing

Cambridge Quantum Computing (CQC) launched the world’s first cloud-based Quantum Random Number Generation (QRNG) Service with integrated verification for the user, an important stepping stone on the road to Quantum…

PwC: top reasons that $900bn spent on digital transformation was wasted

September 21, 2020

digitization, PwC

In the last few years, banks have stepped up their investments in digital capabilities in response to increasing customer demand for online access and the availability of new technical capabilities…

ECB publishes report on reducing reporting burden, increasing data quality

September 21, 2020

data management, EBA, ECB, ECSB, regulatory reporting

Smarter and standardized reporting procedures proposed to reduce banks’ reporting costs Banking industry involvement in improving procedures needed The European Central Bank (ECB) published the European System of Central Banks’…

ECB finalizes guide to assessing how banks calculate counterparty credit risk

September 18, 2020

counterparty credit, CVA, ECB

Guide shows how ECB assesses compliance of banks’ counterparty credit risk models with regulatory requirements Final publication follows public consultation in February and March 2020 The European Central Bank (ECB)…

Get the weekly SFM update – our September 18 newsletter is online

September 18, 2020

Top Stories A consultant user’s view of ISLA’s new Securities Lending Performance Management guidance (Premium); Finadium goes live with SFTR database, adds OFR repo to Repo Analytics tool; EIB’s Eila…

Barclays: ECB Leverage Ratio relief not a game changer for euro short rates

September 17, 2020

€STR, Barclays, ECB, Leverage Ratio

The ECB Banking Supervision’s decision limits the impact of banks’ balance sheet expansion due to the big reserves increase on their lending activity and market intermediation. Barclay analysts do not…

Crypto firm Kraken gets US bank charter for digital assets

September 17, 2020

crypto custody, crypto exchanges, digital assets, Kraken

Crypto exchange Kraken announced that the State of Wyoming approved an application to form the world’s first Special Purpose Depository Institution (SPDI), tentatively called Kraken Financial. Headquartered in Cheyenne, Wyoming,…

Barclays launches FX trading and pricing engine in Singapore

September 17, 2020

Barclays, BARX, FX, MAS, Singapore

Barclays announced that it will deploy its latest FX trading and pricing engine BARX in Singapore, under the Monetary Authority of Singapore’s (MAS) FX Trading Hub strategy. This will include…

SGX lists world’s largest Chinese pure government bond ETF, HSBC takes custody

September 17, 2020

China, CSOP Asset Management, HSBC, ICBC, SGX

ICBC CSOP FTSE Chinese Government Bond Index ETF will start trading on 21 September CSOP Asset Management’s inaugural ETF on SGX will kick off with US$676 million (RMB 4.6 billion)…

SWIFT announces 2-year strategy for instant, frictionless payments and securities processing

September 17, 2020

APIs, Citi, cloud, Deutsche Bank, Payments, securities processing, Swift

SWIFT announced that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by its…

ECB allows temporary relief in banks’ leverage ratio until late June 2021

September 17, 2020

COVID-19, ECB, Leverage Ratio

ECB Banking Supervision exercises regulatory discretion declaring exceptional circumstances Measure allows banks to exclude central bank exposures from leverage ratio Banks to benefit from relief measure until 27 June 2021…

Deutsche Börse acquires majority position in Quantitative Brokers

September 17, 2020

acquisitions, Deutsche Borse, Quantitative Brokers

Deutsche Börse is acquiring a majority interest in Quantitative Brokers, an independent provider of advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets. The fintech…

V-Square: GPS algo applied to ESG data complexity

September 16, 2020

data management, ESG, VSQM

With over $40 trillion of global sustainable assets around the world, sustainable investing has become one of the fastest-growing segments in the asset management industry. With such sustained growth over…

FT: EU set to extend access to London clearing houses to mid-2022

September 16, 2020

Brexit, Clearing houses, EU, US

The EU is preparing to offer its banks an 18-month extension on access to London’s crucial markets infrastructure as it seeks to prevent a jolt to financial stability when the…

CFTC announces legal win against vendor for creating spoofing code

September 16, 2020

CFTC, technology vendors

The Commodity Futures Trading Commission announced that the US District Court for the Northern District of Illinois entered a consent order of permanent injunction against Edge Financial Technologies, an Illinois…

EIB’s Eila Kreivi on the EU’s COVID-19 fundraise and its implications for ESG

September 16, 2020

ESG, Regulatory

COVID-19, EU, European Investment Bank, Green Bonds, topstory

In March, the European Union announced a €750 billion ($887.8bn) recovery package expected to begin early next year. The debt-raising will make the EU a more prominent supranational player in…

DTCC boosts ETF clearing with multiple basket types and order customization

September 15, 2020

Clearing, DTCC, ETFs

The Depository Trust & Clearing Corporation (DTCC) announced that its subsidiary National Securities Clearing Corporation (NSCC) has received regulatory approval and has begun implementing rule changes designed to enhance the…

BNP Paribas creating DAML apps as APAC settlement goes blockchain

September 15, 2020

ASX, BNP Paribas, DAML, Digital Asset, DLT, HKEX

BNP Paribas Securities Services announced a new partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide…

IA launches fintech guidance for investment managers

September 15, 2020

asset managers, fintech, Investment Association

The Investment Association has released guidance for fintech engagement. In light of growing margin pressure on firms, as well as demand for operational efficiency and improved consumer outcomes, fintech adoption…

JFDS: deep reinforcement learning for option replication and hedging

September 14, 2020

Deep hedging, options, reinforcement learning

In a recent academic paper published by the Journal of Financial Data Science, researchers propose models for the solution of the fundamental problem of option replication subject to discrete trading,…

Standard Chartered completes first cross-bank LC using blockchain

September 14, 2020

ADB, blockchain, DLT, Standard Chartered, Trade Finance

Standard Chartered announced the successful completion of the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain, in partnership with Asian Development Bank (ADB), Bank…

AFME prompts EU to adopt regulatory framework for advanced tech

September 14, 2020

AFME, artificial intelligence, cloud, cryptoassets, cybersecurity, EU

AFME is calling on the EU to help unlock the potential of new technologies for European capital markets. In a recent publication, AFME outlines the regulatory framework needed to support…

US regulator FINRA approves tZERO as retail broker-dealer

September 13, 2020

crypto exchanges, tZERO

tZERO announced that the Financial Industry Regulatory Authority (FINRA) has approved the membership application of tZERO Markets, a retail broker-dealer and wholly-owned subsidiary of tZERO that is registered with the…

PMs should optimize cryptocurrencies by sectoral affiliation, not market cap

September 13, 2020

cryptocurrencies, portfolio management

When creating a portfolio, investors should consider the dynamics of the income ratio of the portfolio asset selected in order to identify and quantify the taken risk of the investment.…

State Street, J.P. Morgan, Citi invest $11mn in SaaS platform Capitolis

September 12, 2020

Balance sheet, Capitolis, Citi, J.P. Morgan, optimization, SaaS, State Street

Capitolis announced the completion of a strategic investment from Citi, J.P. Morgan and State Street that Reuters reported was valued at $11 million. The transaction represents a collaborative effort by…

Get the weekly SFM update – our September 11 newsletter is online

September 11, 2020

Top Stories The bombshell CFTC report on asset repricing based on climate change risk (Premium); Legal experts flag regulatory divergence in capital requirements, data, sustainable finance (Premium); Finadium, Eurex and…

ASX gives third parties access to data science platform

September 10, 2020

ASX, data management

ASX’s data science platform DataSphere is now open for third parties looking to partner with ASX to help solve their data challenges. David Raper, ASX’s executive general manager for Trading…

Reuters: Fnality’s digital cash settlement project delayed

September 10, 2020

blockchain, DLT, Fnality, wholesale CBDC

A project involving 13 of the world’s largest banks and aimed at launching digital versions of major currencies in 2020 is no longer likely to get going this year, the…

Frankfurt’s Solactive and Truvalue using AI ESG benchmark indices

September 10, 2020

artificial intelligence, ESG, indices, Solactive, Truvalue Labs

Frankfurt-based index engineering firm Solactive and Truvalue Labs have joined forces to create a series of ESG Indices designed to provide investors with diversified exposure to global large- and mid-cap…

Numerix: LIBOR transition challenged by ARR liquidity, data and tech systems

September 10, 2020

alternatives to LIBOR, Numerix

To better understand the industry’s level of preparedness for switching from LIBOR to ARRs, Numerix conducted a global survey of financial services market participants. Numerix is a provider of capital…

Investment tech Causality Link plugs MT Newswires into AI research platform

September 9, 2020

alternative data, artificial intelligence, Causality Link, machine learning, NLP

Causality Link announced an agreement with MT Newswires to incorporate the financial news information provider’s industry-leading content into the Causality Link Research Assistant platform. MT provides a real-time, multi-asset feed…

J.P. Morgan and AccessFintech launch real-time statuses for buy-side

September 9, 2020

AccessFintech, buy-side, J.P. Morgan, technology

Payment statuses for dividend, income and cash wire movements added to existing trade status solution to deliver further operational efficiency for buy-side institutions Follows previously announced real-time trade processing integration…

EACH: European CCPs prove resilience after BCP fire drill tests

September 9, 2020

CCPs, EACH, stress tests

During the second quarter of 2020, 16 European CCPs Members of the European Association of CCP Clearing Houses (EACH) successfully performed Fire Drill Tests in Business Continuity Planning (BCP) mode.…

Legal experts flag regulatory divergence in capital requirements, data, sustainable finance (Premium)

September 9, 2020

Regulatory, Technology

data management, Dechert, ESG, regulatory capital, Shoosmiths, topstory

In a highly politicized environment of Brexit and US election campaigning, regulatory frameworks for technology and sustainable finance are emerging, even while legacy issues such as clearing are yet to…

The Block: Brazil central bank head says CBDC in 2022

September 8, 2020

Brazil, CBDC

The president of Brazil’s central bank said a digital real is likely coming in 2022. In an interview with Bloomberg TV, Roberto Campos Neto told editor Erik Schatzker that a…

SmartStream develops derivatives component for MiFID SI regime

September 8, 2020

derivatives, MiFID II, SmartStream

SmartStream Technologies, the financial Reference Data Utility (RDU) solutions provider, announced derivatives are supported in its Systematic Internaliser (SI) Registry service to help clients meet the Markets in Financial Instruments…

Risk: BofA becomes first US bank to adopt SA-CCR

September 8, 2020

BAML, SA-CCR

Bank of America has switched to a new leverage regime 18 months before US banks are required to move, dramatically cutting its total exposure – but finding itself alone among…

Tosho and Torstone team up for Japan CSD cloud connectivity

September 8, 2020

cloud, CSDs, Japan, JASDEC, Torstone, Tosho Computer Systems

Torstone Technology announced that it is collaborating with Tosho Computer Systems (TCS), a provider of financial services hosting including connectivity to every exchange in Japan, to facilitate connectivity to the…

ISLA publishes industry guidance for securities lending performance measurement

September 7, 2020

ISLA, performance measurement, Securities Lending

ISLA announced the publication of a new set of standards and best practice guidelines in respect of data aggregation and calibration of performance-related metrics for securities lending. The standards set out…

FSB extends implementation timelines for securities financing transactions

September 7, 2020

FSB, Haircuts, SFTs

The Financial Stability Board (FSB) announced extensions to the implementation timelines for minimum haircut standards for non-centrally cleared securities financing transactions (SFTs), to ease operational burdens on market participants and…

Forbis: EU’s open banking project requires changes to avoid “total failure”

September 7, 2020

Forbis, Lithuania, Open Banking