Meeting the demanding new requirements imposed upon firms by SEC Regulation SCI
January 9, 2015 - Meeting the demanding new requirements imposed upon firms by SEC Regulation SCI is a key issue for many firms, especially in the areas of independent systems testing and certification. Tellefsen and Company, L.L.C. (Tellefsen) and Exactpro Systems (Exactpro) have today announced a marketing partnership in which both firms will collaborate to provide key industry constituents with market structure consulting, financial technology infrastructure testing and software quality assurance testing services.
Esma puiblishes MiFID II rules
December 19, 2014 - The European Securities and Markets Authority (ESMA) has published today its final technical advice (TA) and launches a consultation on its draft regulatory technical and implementing standards (RTS/ ITS) regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
Financial Institutions Set to Use Regulation as Platform for IT Innovation
December 18, 2014 - Banks and insurers are moving away from perceiving regulation as a cost centre and in 2015 will be using it as a way to shoehorn extra budget for technological innovation within their organisations, according to predictions from business technology change consultancy Certeco.
Banks must modernise IT systems for new regulatory regime - Deutsche Bundesbank exec
December 9, 2014 - A senior executive at Deutsche Bundesbank has warned that banks will have to spend considerable sums on upgrading their IT systems if they are to cope with insatiable regulatory appetite for new data reporting standards.
Target fails to get bank lawsuit dismissed
December 4, 2014 - A US judge has given financial institutions the go-ahead to proceed with their lawsuit against Target over losses associated with last year's data breach at the retailer.
Swaps Clearinghouses Need Greater Oversight, CFTC’s Wetjen Says
December 4, 2014 (Bloomberg) - Clearinghouses meant to reduce swaps market risk must face greater oversight to ensure they don't threaten the financial system, according to a member of the U.S. Commodity Futures Trading Commission.
RBS and Ulster Bank hit with £56 million fine over IT meltdown
November 20, 2014 - The Royal Bank of Scotland and its subsidiary Ulster Bank have been hit with a £56 million fine by regulatory authorities over a computer malfunction in 2012 that locked customers out of accounts and knocked out payments processing systems.
SEC stregthens exchange technology rules
November 19, 2014 - The US Securities and Exchange Commission has approved new rules designed to strengthen the market's technology infrastructure, which has seen a rash of IT meltdowns in recent years.
