US House of Representatives passes Dodd-Frank Reform minus interchange reform

Temenos shifts focus from US community banks to large FIs

The Financial Choice Act of 2017, legislation to overhaul the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, has been approved by the US House of Representatives. The legislation focuses on ending big-bank bailouts and supporters say it provides more accountability for Washington and Wall Street, while removing barriers to economic growth.

E-magazine: Compensation management automation


Managing incentive compensation can be a challenge. Typical management systems are done manually – taking too much time and effort. They also fail to provide precise tracking for compensation-related regulations. This e-magazine introduces IBM Incentive Compensation Management, a unified solution that integrates data, calculations, workflow management and reporting. The solution automates complex tasks – reducing […]

ISDA proposes changes to Dodd-Frank derivatives reforms


Five years on from the Dodd-Frank Act being signed into law in the US, a number of outstanding issues for derivatives reform need to be resolved, according to a new paper by the International Swaps and Derivatives Association.

The treasurer: creating price tension on the derivatives front

David Renz is director, advisory risk, SunGard Ambit Treasury Management

A banking book requires a number of careful deliberations on the use of derivatives. In particular, the introduction of EMIR, Dodd-Frank and their brethren across the world has a number of important consequences for this market.

CFTC commissioner attacks swaps regulation and proposes alternative agenda


US Commodity Futures Trading Commission Commissioner J. Christopher Giancarlo has condemned the CFTC’s implementation of swaps trading regulation reforms, describing its approach as highly over-engineered, disproportionately modelled on the US futures market and biased against both human discretion and technological innovation.

Tullett Prebon launches aggregated SDR feed for interest rate swaps

FX screen generic

Tullett Prebon has launched an aggregated swap data repositories data feed for the interest rate swaps market, aiming to increase price transparency in accordance with the Dodd-Frank Act.

Uniting entity data – the missed opportunity

Neill Vanlint

In a post-2008 crisis landscape dominated by regulatory reform, compliance is only part of the issue. If firms can address how they manage multiple data sets and deploy a truly enterprise-wide model, they can capitalise on the real opportunity – achieving a competitive advantage.

Firms still struggling with SEFs for swaps trading says IPC survey


Trading firms are still struggling with the Dodd-Frank requirement for certain swaps to be traded on registered Swap Execution Facilities. According to a survey conducted by trading communications vendor IPC Systems, 60% of survey respondents said the industry as a whole was behind on meeting the deadlines on SEF trading, though only 39% said their […]

CFTC calls for international swaps data sharing deal

O'Malia: delaying the October 2 deadline makes sense

Global standards and approaches to regulation need to focus more on removing risk from the financial system rather than on compliance – but to do so international regulators will need to harmonise their efforts and embrace technology to a much greater degree.

Manual processes and bottlenecks threaten to throttle OTC derivatives reform

The OTC reforms agreed at Pittsburgh in 2009 could be in danger of coming off the rails

Regulatory change in the OTC derivatives market has produced serious problems that indicate a clear need for more automation of cleared derivatives post-trade processing, according to a new report published by research house Greenwich Associates.