Archive for Dodd-Frank SmartBlogs

A new study by Broadridge Financial Solutions finds that large banks could cut costs of processing trades by 40% though the adoption of a utility-type model. Sharing a range of functions such as post-trade processing, reconciliations and post-trade data, expense management and regulatory reporting would save the average Tier 1 bank $100-$300 million per year.

The new report, “Charting a Path to a Post-Trade Utility,” deals with the increasing costs of meeting new regulations and economic hurdles that cut into banks’ profit margins.[…] Continue Reading »

The arrest last week of Navinder Sarao for his alleged involvement in the Flash Crash rekindled questions about regulators’ ability to keep up with the technological tools deployed by modern market participants. Many people wondered… How come it took 5 years for authorities to catch Sarao?

But the story about the relationship between technology and financial regulation is not entirely one-sided.[…] Continue Reading »

According to Richard Berner, the director of the Treasury Department’s Office of Financial Research, the financial crisis exposed critical gaps in the data, analysis and policy tools required to ensure financial stability. Berner should know, because his office was created via the Dodd-Frank Act to provide a place where varied research related to financial markets could be collected, studied and shared.[…] Continue Reading »

A collection of stories from SmartBrief publications and around the web…

JPMorgan software identifies potentially rogue workers: Bloomberg reports on a Reagan-esque initiative at JPMorgan to “trust, but verify” the actions of its employees. Sally Dewar, JPMorgan Chase’s head of regulatory affairs for Europe, is overseeing an algorithmic program that identifies employees who might go rogue. The software considers dozens of factors, including whether an employee violates trading rules or fails to attend compliance classes.[…] Continue Reading »

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 »