News Centre

ISDA derivatiViews - DRR: The Answer To Reporting Rule Rush

Date 26/02/2024

This year will be particularly busy for those focused on regulatory reporting. Five jurisdictions will go live with revised reporting requirements in a matter of months, stretching reporting teams to the limit as they interpret what each set of rules is asking and change their processes accordingly. Get it wrong, and regulatory penalties could follow. There is a better way – a digital approach will not only ensure accurate reporting, but will create significant efficiencies, saving costs and allowing internal resources to be redeployed.

SIFMA Advocacy Team Announces Hiring Of Kevin Carson

Date 26/02/2024

SIFMA today announced Kevin M. Carson will join the association’s federal advocacy team.  As managing director and associate general counsel, Mr. Carson will be responsible for federal government relations in SIFMA’s office in Washington, D.C., reporting to Josh Wilsusen, SIFMA’s executive vice president of advocacy.

CFTC Extends Public Comment Period For Proposed Rule On Real-Time Public Reporting Requirements And Swap Data Recordkeeping And Reporting Requirements

Date 26/02/2024

The Commodity Futures Trading Commission today announced it is extending the deadline for the public comment period on a proposed rule that makes certain modifications to the CFTC’s swap data reporting rules in Parts 43 and 45 related to the reporting of swaps in the other commodity asset class and the data element appendices to Parts 43 and 45 of the CFTC’s regulations. The deadline is being extended to April 11, 2024.

Company Insider Pays $80,000 To B.C. Securities Commission For Misconduct

Date 26/02/2024

The CEO of a junior mineral exploration company has paid $80,000 to the B.C. Securities Commission (BCSC) for failing to accurately disclose his trades and shareholdings, failing to provide advance notice of his intention to distribute securities and for making false or misleading statements in a required filing.

EU Council Confirms The Extension Of Jose Manuel Campa As Chairperson Of The EBA

Date 26/02/2024

The General Affairs Council has confirmed the extension of the mandate of Jose Manuel Campa as Chairperson of the European Banking Authority (EBA) until May 2029. The decision on the extension of the mandate was based on the evaluation of the work of the past five years, as well as on work requirements for the coming years.

Siepe Expands Leadership Team To Bolster The Delivery Of Its CLO And Fund Compliance Products For Credit Managers

Date 26/02/2024

Siepe, a trusted provider of technology-enabled services and market-leading compliance and reporting, today announced two new hires to its leadership team who will play a vital role in driving the Company’s growth, and managing the delivery of its software and compliance products. Shelly Torkelson has been named Director of Software-as-a-Service (SaaS), and Teresa Lange Pierson as Director of Compliance.

Gresham Technologies Reports Strong North American Growth With New Client Wins And Senior Business Hire - Gresham Technologies Cements North American Footprint With $1.5M New Business Contract And Control Product Upsell From A Tier One US Investment Bank; Appointment Of New Senior Sales Director From EZOPS To Bolster US Focus

Date 26/02/2024

Gresham Technologies plc (Gresham), a leading global fintech company specializing in real-time data integrity and control solutions, is pleased to confirm progress with its North American business which has made a particularly strong contribution to the Group during FY23, as announced in a recent trading update. This follows continued success with new customer wins as well as upsell and cross-sell into the existing installed base, including a recent expanded deal with a Tier-One global investment bank. The Group also confirmed [last week] a new five-year contract valued at $1.5 million to support the US operations of a leading cash management business.    

FSB Chair Highlights Key Issues To The G20

Date 26/02/2024

• • FSB Chair warns of challenging outlook to global financial stability including debt servicing burdens, stretched asset valuations in some key markets, and leverage and liquidity mismatch in non-bank financial intermediation (NBFI).
  • Chair submits FSB’s revised policy recommendations to address vulnerabilities arising from liquidity mismatch in OEFs and calls on G20 members to implement them as quickly as feasible.
  • Letter outlines key issues the FSB is working on in 2024, including lessons from the March 2023 banking turmoil, NBFI, climate change, digitalisation and enhancing the efficiency of cross-border payments.

Celebrating Its 10th Anniversary, FXPA Ushers In Officers, Directors

Date 26/02/2024

The Foreign Exchange Professionals Association (FXPA) elected a new slate of Officers and Board of Directors members at its annual meeting on February 20, 2024, marking its 10th anniversary as an organization.

FIS Reports Full-Year 2023 Results, Introduces 2024 Outlook, Raises Future Forward Expectations And Announces $500 Million Increase To Share Repurchase Goal

Date 26/02/2024

• Fourth quarter GAAP Diluted Earnings Per Share for continuing operations of $0.11 and Adjusted EPS of $0.94
• Including discontinued operations, fourth quarter GAAP Diluted Earnings Per Share of $0.42 and Adjusted EPS of $1.67
• Full-year 2023 GAAP Diluted Earnings Per Share for continuing operations of $0.85 and Adjusted EPS of $3.37
• Including discontinued operations, full-year 2023 GAAP Diluted (Loss) Per Share of $(11.26) and Adjusted EPS of $6.17
• Outperformed Future Forward expectations in 2023; raising Future Forward operational expense savings goal in 2024
• Announces increase to previously communicated share repurchase goal; increasing goal to repurchase at least $4.0 billion of shares by year end 2024, up from previous goal of at least $3.5 billion, including $510 million of shares repurchased in 4Q 2023
• Announces first quarter and full-year 2024 outlook including accelerated revenue growth, expanding adjusted EBITDA margins, and year-over-year adjusted EPS growth