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News & Commentary
Content tagged with Compliance posted in January 2006
The Forest for the Trees
Commentary  |  1/30/2006  | 
Maybe I have been a part of the industry for too long?
Winning Combination
Commentary  |  1/30/2006  | 
Who Doesn't wish they had a crystal ball? As we enter the new year facing so many uncertainties, Wall Street is taking its best guess as to what the future of the exchanges will be, and everyone is trying to plan accordingly.
Trading Newsflashes: Knight Capital to Buy Hotspot FX, and more
News  |  1/26/2006  | 
Knight Capital to Buy Hotspot FX, NYFIX Offers Free FIX Engine to Expand Network Distribution, OES Launches Subsidiary to Focus on Reg NMS Solutions, Asset Manager Implements Charles River in Thailand
Compliance Newsflashes: NASD Takes Compliance Back to School, and more
News  |  1/26/2006  | 
NASD and University of Reading to Develop Master's in Compliance, ABN AMRO Selects Viisage Identity Document Authentication, Confluence Releases Clear Portfolio Reporting for Alternative Investments
Managing BCP Performance
News  |  1/24/2006  | 
Business continuity is only as good as the backup network.
Wed, 16 Apr 2008 19:51:06 -0500
News  |  1/24/2006  | 
While Wall Street lives by the quarterly earnings call, executives are starving for a long-term vision, according to the soon-to-be-released "Financial Markets 2015" report (available April 1) from the IBM Institute for Business Value. Daniel Latimore, executive director, and Suzanne Dence, a senior consultant at the institute, share some of the report's findings with WS&T.
Firms Eye Tech Acquisitions
News  |  1/24/2006  | 
Bolstered by record profits in 2005, the securities industry may see an increase in consolidation activity in 2006, according to Robert Hegarty, managing director in TowerGroup's securities and investments practice. Both smaller financial firms and innovative industry-specific technology providers will be on the menu for many bulge-bracket firms in the coming year, he says.
Raising the Security Bar
News  |  1/24/2006  | 
According to Richard Rzasa, CIO at TD Waterhouse, in 2006, executives in the financial services industry have a decision to make: either tighten their own security, work closely with lawmakers and educate the public to increase online security, or risk having consumers move away from using the Internet for financial transactions and self-service.
Reg NMS: Hurry Up and Wait
News  |  1/24/2006  | 
Currently, financial services companies are scrambling to ready systems and processes for Reg NMS and the NYSE's planned hybrid exchange structure. However, Joe Gawronski, COO at Rosenblatt Securities, says that while it's important to be prepared, don't be surprised if implementation of both Reg NMS and the NYSE's hybrid model are delayed.
Don't Reinvent the Wheel
News  |  1/24/2006  | 
Philippe Bibi, senior managing director and CTO at Boston-based Putnam Investments, plans to focus on adding business value in 2006 (instead of spending a lot of time focused solely on regulatory compliance) by developing technology that can automate derivatives transactions and replacing parts of Putnam's legacy systems with off-the-shelf solutions.
In Their Own Words
News  |  1/24/2006  | 
As the securities and investments industry prepares for the implementation of possibly the most dramatic series of changes we will see in our lifetime -- namely Reg NMS and the NYSE's plan to implement a hybrid exchange model -- no number of editorials or articles seems to be able to do the topics justice. In the following pages, you will find a few more viewpoints and prognostications from five of your peers.
Flush Firms Eye Acquisitions
News  |  1/24/2006  | 
After posting record profits in 2005, many financial services firms are looking to acquire smaller players with unique business lines and/or financial products, or to bolster their technology. Consequently, consolidation may reach record levels in 2006.
Hard Times for Soft Dollars
News  |  1/24/2006  | 
Soft dollars are a means of paying brokerage firms for their services through trade commission revenue. To cover fees for research, for example, buy-side firms direct order flow to the sell-side service provider, which charges inflated trade commissions.
Holding the Spending Line
News  |  1/24/2006  | 
Finding ways to control compliance costs has become a high priority for Wall Street CIOs as they realize that more IT dollars diverted toward compliance means fewer IT dollars devoted to clients' needs and company growth.
Table Set for Soft Dollar Software Growth
News  |  1/24/2006  | 
New regulations in the United States and Europe are leading to heightened awareness of the largely unexplored commission-management software industry -- a market primed for major growth, according to research and advisory firm Financial Insights.
Compliance Newsflashes: Citigroup Deploys Basel II Compliance Tool; and more
News  |  1/19/2006  | 
Citigroup to Use Reveleus for Basel II compliance; CheckFree Chooses TriCipher for Multifactor Authentication
Compliance Newsflashes: Philadelphia Stock Exchange Saves Big Money Using Storage Area Network, and more
News  |  1/12/2006  | 
PHLX Cuts Costs Using Brocade Storage Solution, SNL Financial Secures Network with InfoExpress Product, Nedbank of South Africa Chooses Searchspace for AML Compliance
Trading Newsflashes: PHLX Will Close Equity Trading Floor and Convert to Electronic Exchange, and more
News  |  1/12/2006  | 
PHLX Will Close Equity Trading Floor and Convert to Electronic Exchange, Nasdaq to Acquire Investor Relations Firm Shareholder.com, IPC Installs 30,000th VoIP Trading Position at Wachovia, MetaBit and BT Radianz Target Asian Trading Market
Seven Trends for ’06
Commentary  |  1/9/2006  | 
2005 was the year of regulation. From NMS and the hybrid market to Spitzer and Cox; from MiFID and the formalization of the FSA's CP176 to the new hedge fund registration requirements - regulation, legislation and litigation have pushed the industry like never before.
One Regulator to Rule Them All
News  |  1/6/2006  | 
Wall Street's leading regulators, NYSE Regulation and the NASD, are in talks to form a hybrid regulator that will oversee dual member firms.
Is EDGAR Headed for XBRL?
News  |  1/6/2006  | 
The SEC is looking to leverage XBRL, which promises easy access to financial data, but industrywide adoption remains a challenge.
Licenses, Licenses, Licenses: Three Firms Pick Up Compliance Solutions
News  |  1/5/2006  | 
CIBC World Markets, Eurohypo AG, and NewSmith Asset Management All Rollout New Compliance Products
BCP Testing Continues
News  |  1/5/2006  | 
The securities industry successfully completed Phase 2 of its business continuity planning (BCP) test on Oct. 15.
Behavioral Security
News  |  1/5/2006  | 
With the recent SEC and FFIEC recommendations casting a spotlight on online account security, behavioral biometrics has emerged as an increasingly popular technique for financial services institutions to meet federal regulators' call for multifactor authentication for online account security.

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