Archive for Dodd-Frank SmartBlogs
SunGard has announced the introduction of a new utility to help global market participants meet regulatory pressures related to cleared OTC derivatives and post-trade futures. The utility will leverage technology to gain efficiencies, reduce risks and lower costs for global capital markets firms’ middle and back-office functions.
SunGard’s utility will provide customers with technology services and derivatives clearing operations for trade clearing, lifecycle management, margin processing, brokerage, reconciliation, data management and reporting to meet regulatory compliance needs.[…] Continue Reading »
Welcome to Day 3 of SmartBrief’s roundup of financial news coming out of the World Economic Forum’s Annual Meeting in Davos, Switzerland.
Blankfein on the reality of regulation: Goldman Sachs chairman and CEO Lloyd Blankfein told CNBC his firm is always thinking about regulation and how it affects things like technology acquisition. On whether banks are under regulatory assault, Blankfien responded, “No choice, no problem.[…] Continue Reading »
Swiss Franc-enstein: As if Switzerland wasn’t already expensive enough, the Swiss National Bank’s currency move just made it crazy costly. The Telegraph explains why the SNB did it … The Guardian weighs what a Swiss vacation will now cost tourists … and Bloomberg goes high-brow to dissect what it will mean for bar tabs at the upcoming World Economic Forum in Davos.[…] Continue Reading »
When it comes to systemic risk, experts at CME Group’s 7th annual Global Financial Leadership Conference remain skeptical about whether policymakers have the right tools, let alone know what to do with them.
Kevin Warsh, a former member of the board of governors at the Federal Reserve, said he is concerned about huge burden being placed on macroprudential oversight, especially considering there is no academic research or history on how to do it.[…] Continue Reading »
New business environments and regulations have reshaped the financial sector. Three experienced forecasters shared their outlooks at the “Redefining The Financial Sector: The Industry Analyst’s View” panel held Monday at the SIFMA Annual Meeting in New York.
From the regulatory fate of high-frequency trading to the commoditization of asset management, these analysts discussed how the financial industry will adapt to the changing marketplace.[…] Continue Reading »