Financial Services Industry Must Move On From Regulation − FSC-DST CEO Report
July 30, 2014 - The financial services industry must focus on innovation to drive productivity and economic growth, John Brogden, CEO of the Financial Services Council said today. Speaking at the launch of the 14th annual FSC-DST CEO Survey Mr Brogden said over the past three years the financial services industry has focused nearly one hundred per cent of its time and resources implementing processes to comply with new regulation.
Interactive Data Well-Positioned to Support Customers’ Compliance with SEC’s Final Ruling on Money Market Fund Reform
July 23, 2014 - Interactive Data, a leading provider of independent evaluated pricing and reference data services, today announced that the firm is well-positioned to help its money market fund clients comply with today's SEC final ruling requiring floating net asset values ("NAVs") for institutional prime money market funds and permitting the use of redemption gates and liquidity fees.
Swift signs more banks to KYC Registry
July 22, 2014 - Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.
Full compliance still some way off as AIFMD authorisation deadline arrives, according to new BNY Mellon survey
July 21, 2014 - New research by BNY Mellon, a global leader in investment management and investment services, highlights a compliance shortfall among alternative investment funds (AIFs) on the eve of the deadline for Alternative Investment Fund Managers Directive (AIFMD) authorisation.
Thomas Murray Data Services launches risk tech to aid AIFMD compliance
July 18, 2014 - Thomas Murray Data Services has launched a suite of products and has been working with a number of depositary banks to provide a total risk solution to ensure depositary bank compliance with the Alternative Investment Fund Managers Directive (AIFMD).
SimCorp Launches New Legal Rule Set Service to Comply with Increasing Compliance Demands
July 14, 2014 - SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced the launch of its Legal Rule Set Service for fund managers – initially for Germany, Luxembourg and Switzerland.
Lepus, SAS research: Data dilemmas plague bank compliance
July 9, 2014 - Increasing regulatory pressure requires banks to improve risk aggregation and reporting. Yet a majority struggle with data inconsistencies, says a recent Lepus Research and SAS survey. This technical hurdle was pinpointed by 81 percent of banks surveyed. More than half also face difficulties from separate risk systems and inflexible sources.
Digital currency exchange Atlas ATS strengthens KYC compliance with Strevus
June 24, 2014 - Strevus Inc., a provider of compliance lifecycle management solutions for financial service institutions, today announced that Atlas ATS, the New-York-based cryptocurrency exchange, is the first trading exchange to deploy the Strevus compliance solution to its exchange members offering them enhanced due diligence for high value transactions.
