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News & Commentary
Content tagged with Compliance posted in March 2011
Embracing Dodd-Frank: Into the light
Commentary  |  3/31/2011  | 
Perhaps if more bankers and traders embrace Dodd-Frank, we can enjoy a long, steady recovery.
A Cold Shower for New Hedge Funds
News  |  3/31/2011  | 
Five years ago you couldn't walk down Wall Street without tripping over a new hedge fund. But thanks to new rules, traders aren't so quick to leave their cushy bank jobs and fly solo.
Banks Ditch Prop Trading to Court Regulators
News  |  3/31/2011  | 
Despite being given plenty of wiggle room by regulators to comply with the Volcker Rule, Wall Street's largest banks are wasting no time in shutting down their proprietary trading operations.
Dimon Hates New Regs
Commentary  |  3/31/2011  | 
The JP Morgan chief criticized the CFTC swaps crackdown and Dodd-Frank in no uncertain terms.
DTCC And SIFMA Release Report Identifying Opportunities To Mitigate Risks In Processing MMIs
News  |  3/31/2011  | 
DTCC and SIFMA formed the MMI Blue Sky Task Force in October 2009 to review the functioning of the MMI settlement system following the financial crisis.
J.P. Morgan Executes and Clears CDS and IRS Trades Via Bloomberg Professional
News  |  3/30/2011  | 
The news reflects that Bloomberg's fixed income business is preparing to register as a swap execution facility with the CFTC and SEC.
Can Rajaratnam Beat the Rap? Probably Not
Commentary  |  3/28/2011  | 
Over at Business Insider there's a running debate on whether the billionaire can beat the rap. At least one of their editors thinks Rajaratnam's defense team is deftly picking apart witnesses and neutralizing the prosecution's evidence.
OTC Derivatives Coming Under Regulatory Scrutiny
News  |  3/28/2011  | 
After operating for years in the shadows, over-the-counter derivatives are coming under scrutiny from regulators. While some critics fear fragmented markets will dry up liquidity, others worry about the details of clearing. What's in it for the buy side?
Citi Clears First U.S. Client Interest Rate Derivatives Trade on LCH.Clearnet
News  |  3/25/2011  | 
The move reflects Citi's commitment to a consolidated, global and platform-agnostic approach to central clearing.
New Technologies To Stop Insider Trading
News  |  3/21/2011  | 
With the biggest insider trading trial in history currently under way, Wall Street firms are ramping up their technology to try to prevent market abuses before it's too late.
J.P. Morgan Worldwide Services Issues Guide for Hedge Fund Start Ups in Asia
News  |  3/21/2011  | 
Provides advice on launching a hedge fund in Asia, including regulatory issues, fee structure, service provider selection and technology systems and processes.
Wall Street Has Its Very Own WikiLeaks, And It Isn't Pretty
Commentary  |  3/17/2011  | 
As the Galleon trial unfolds in a lower Manhattan courtroom, prosecutors have been playing a series of secretly taped phone conversations made by the FBI.
Bloomberg Breaks $1Trillion Record for Electronic Swaps Trading in 2011
News  |  3/17/2011  | 
With plans to register as a swaps execution facility in 2011, Bloomberg's fixed income platform is seeing extensive participation from 23 dealers and 450 buy-side firms in interest-rate and credit default swaps trading.
U.S. Banks Wildly Unprepared For Japan-Type Disaster
Commentary  |  3/17/2011  | 
A large number of organizations are still not confident that their data will be restored completely within hours of a disaster, according to a survey.
A Positive Spin on Dodd-Frank
News  |  3/16/2011  | 
Dodd-Frank will push firms to invest in unified back-end systems in order to meet rigorous transparency demands, which could lead to strong returns on investment in other areas of the business.
Dodd-Frank Pushes the Middle Office Forward
News  |  3/10/2011  | 
SEC's Ethics Under Scrutiny
Commentary  |  3/9/2011  | 
Congress wants to know why the SEC hired an attorney with a financial interest in the Madoff fraud, and did he reverse the agency's view on how to compensate victims.
ICAP Launches Financial Tech Incubator
News  |  3/9/2011  | 
Euclid Opportunities will offer a seed funding and acceleration program to early-stage companies in post-trade risk management, data and other financial market applications.
Global Derivatives Volumes Soared 25 Percent in 2010
News  |  3/8/2011  | 
Reforms in OTC derivatives markets are causing participants to shift their risks to exchange-traded derivatives, says WFE Chairman.
'Insider Trading' Trial Of The Century Starts Today
News  |  3/8/2011  | 
A judge began vetting potential jurors today in the insider trading trial of hedge-fund executive Raj Rajaratnam.
Advent's Tamale Introduces New Compliance Features
News  |  3/3/2011  | 
Advent recently introduced a Broker Evaluation module in Tamale RMS that can be used to document meetings, correspondence, research and other services provided by brokers used in making investment decisions.
SEC Considers New Alternative To Credit Ratings
Commentary  |  3/3/2011  | 
The SEC may propose dropping credit rating agencies for a new method for evaluating their portfolios.
Exclusive: 2011 IT Spending to Rise 6%; It's The Year of 'Compliance And The Cloud'
News  |  3/3/2011  | 
Capital markets firms will spend just over $44 billion on technology globally in 2011, up from $42 billion in 2010 and $39.7 billion in 2009, according to a soon-to-be-released study from Aite Group.
Thomson Reuters Teams With Redkite On Market Surveillance
News  |  3/1/2011  | 
Redkite's market surveillance solution will pull in Thomson Reuter's news and data, while running in the Elektron hosted environment.
Broker Breaks His SEC Silence
News  |  3/1/2011  | 

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