The Two Faces of Regulation SCI: Reducing Risk While Curbing Innovation?
While the SEC’s draft proposal of Regulation SCI is a major step toward mitigating the potentially hazardous consequences resulting from a market that is increasingly reliant upon rapid-fire technology, the burdens of data collection risks impeding market innovation and inundating the Commission with extreme volumes of data.
Avoiding Regulatory Arbitrage in FX
FX swaps and forwards have been exempted from central clearing in the U.S. and Asia, while the EU is still debating regulatory harmonization.
Hackers to Exchanges: You’re Next
US attorneys last week charged a Russian hacker with gaining access to the servers inside Nasdaq. For two years. The CIOs and IT staffers inside today’s exchanges now have to deal with the target on their backs.