In the wake of a long series of high-profile international failings in market conduct and outright fraud, the Hong Kong capital markets are today under increased scrutiny to ensure trading in the region remains fair, transparent and orderly. The key overarching objective in Hong Kong – and around the world – is to ensure investor trust remains high.
Clearly, there is now a business case for actors within capital markets to invest in efficient surveillance systems.
I recently participated in another Twitterview with DerivSource, who asked me several questions about transformations happening in the post-trade processing space. Within the context of regulatory reform, firms are recognizing the need to make changes to meet new rules, both those that have been identified and those still to be determined. In the Q&A, we [...]
This blog post originally appeared on FTF News.
In recent years, we have seen many developments in getting the industry to light speed in the front office, but now the focus appears to be shifting to real-time data management and post-trade processing applications, especially in the OTC derivatives space. As the CCP landscape continues to evolve in the midst of unprecedented regulatory reform around the globe, firms now face the daunting task of adapting their post-trade processes to meet their current requirements and to prepare for the future…
It is clear that regulatory changes are transforming the OTC derivatives space, from execution to settlement. There are many challenges at play here. As we head into 2012, market participants will need to manage large volumes of data in order to clear and process trades, and we will see new pressures on the cost and the more effective use of capital. In response to this industry transformation, my team and I have identified 10 key trends shaping OTC derivatives today.
I have posted the full list below. How is your firm approaching these 10 trends in OTC derivatives?
This blog post originally appeared on EuromoneyFX. As FX market participants continue to come to grips with this year’s wave of regulations, they are realizing that data management is a critical element of compliance. The need to analyze and process FX transactions in real time goes hand-in-hand with the reports that regulators are requiring. I [...]
This week I took a few minutes to ask Larry Thompson, managing director and general counsel at The Depository Trust & Clearing Corporation, what he is thinking these days regarding financial regulation. I gave Larry a handful of questions to answer, touching on Dodd-Frank implementation, regulatory uncertainty, and preparedness. Take a look at his responses and use the comments section to ask your own questions. What do you want to ask DTCC?
Despite continuing uncertainty around global rules implementation, firms should be taking an adaptable approach to data management in order to minimize regulatory risk. This means looking at how 2011 budgets have or have not been used, assessing the flexibility of data management technology, achieving an enterprise-wide view of activities and exposures, and more. With this [...]
Author: Jim Dennelly, senior vice president, Sierra, SunGard’s capital markets business It is becoming crystal clear that operational efficiency in the lifecycle of an FX trade needs to improve. No matter what happens in the regulatory framework and rules, we know there will be more reporting requirements, which means FX transaction data will have to [...]
Author: Tony Scianna, deputy head of strategy, SunGard’s capital markets business I love music. I’m a big fan of jazz, blues and rock & roll. While I was listening to some vintage vinyl the other day, I began thinking how every great song has a powerful hook – a lyrical or musical phrase that catches [...]
Author: Tony Scianna, executive vice president, SunGard
As I read this Wall Street & Technology article on the final version of Dodd-Frank today, I realized that it speaks directly to the work that my team and I are doing to help our customers navigate this new regulatory environment. One paragraph in particular jumped out at me so much that I wanted to share it here on the blog. Greg MacSweeney boils it down:
