Category

News
Harshad Pitkar, who runs a regulatory reporting & risk compliance consultancy in New York, and Alastair Brown, whose prior roles include CEO of Lombard Risk & CIO of RBS International Banking, join Mike Bagguley, formerly COO at Barclays International, as Board Advisors Inforalgo, the Capital Markets data automation specialist, has announced two additional high-profile appointments...
Continue Reading
The prestigious appointment to the senior management team will further enhance Inforalgo’s ability to capitalise on growing momentum around its smart data solutions for Capital Markets. Inforalgo, the Capital Markets data automation specialist, has announced that Mike Bagguley, formerly COO at Barclays International and a respected financial investment industry leader, has invested in the firm...
Continue Reading
FINRA is issuing this Notice to remind firms they must register with FINRA CAT, LLC (FINRA CAT) for reporting to the Consolidated Audit Trail (CAT). CAT registration commenced on March 18, 2019, and will run through June 27, 2019. All Industry Members, as defined under the CAT NMS Plan, that will have a CAT reporting...
Continue Reading
At FINRA’s annual conference, execs discussed which rules are being reviewed and gave an update on exam consolidation. There’s “still a lot more to come” in the Financial Industry Regulatory Authority’s top-to-bottom review via its FINRA360 initiative, Robert Cook, the broker-dealer self-regulator’s CEO, said Wednesday. “It’s doing great; we’ve got a lot of accomplishments under...
Continue Reading
Additional obligations would be imposed on these firms such as requiring them to create reserve accounts to pay unpaid arbitration awards As part of its crackdown on rogue brokers, the Financial Industry Regulatory Authority Inc. has identified 61 firms that would face restrictions under a newly proposed Finra rule. Finra currently has a little more...
Continue Reading
The capital markets regulatory environment can seem as volatile as everyday trading conditions. Even regulatory reporting vehicles can’t be counted on to remain constant. From February next year, the legacy CTCI tool commonly used for electronic FINRA TRACE and ORF reporting will no longer be supported. If you handle your own submissions, you’ll need to...
Continue Reading
A major new study by independent financial regulatory think-tank JWG, in partnership with Inforalgo, confirms a growing appetite for a more repeatable approach to regulatory reporting, as financial institutions struggle to cope with soaring international trading transparency requirements. Inforalgo’s CEO, Jordan Ambrose reports. Trying to collate everything manually, when detail exists in different formats across...
Continue Reading
If the SEC approves, TRACE will become a centralized source of comprehensive and timely information about new issues. The Financial Industry Regulatory Authority filed Thursday with the Securities and Exchange Commission a proposal to expand its collection and dissemination of new-issue reference data for corporate bonds. The proposal calls for FINRA’s Trade Reporting and Compliance Engine, or TRACE, to...
Continue Reading
The eye-watering penalty, incurred through failings with 136 million transaction reports over a 10-year period, are a sobering call to investment banks to bring data management and reporting under tighter control The news that the Financial Conduct Authority (FCA) has fined UBS AG an eye-watering £27.6m for transaction report failings over a 10-year-period will be...
Continue Reading
The high-profile appointment will further fuel Inforalgo’s next phase of growth, as the company takes its intelligent cloud-based data automation platform and Regulatory Reporting solutions to the global market. Inforalgo, the Capital Markets data automation specialist, has announced the appointment of Nigel Vooght, the former Global Leader of Financial Services at PwC, as non-executive chairman....
Continue Reading
1 2