SimCorp launches new solution as it aims to ‘liberate its clients from the arduous and costly task’ of transaction reporting under SFTR.
The fine was related to failures over BNP Paribas' AML system to identify suspicious penny stock trades and wire transfers over a four year period.
AFME and other organisations praise Europe's sustainability efforts but highlight other concerns around opinion-dividing capital markets initiative.
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Hong Kong's SFC is proposing a new type of licensed activity for trustees and custodians of collective investment schemes (CIS).
A possible review of reporting regulations could be an additional burden on asset managers and present a "significant danger" according to one expert.
Regulatory pressures on asset managers to oversee and govern their outsourcing service providers has become a challenge for the buy-side.
FCA chief Bailey voices his concern over the future of the UK's CCPs once its temporary recognition with ESMA expires in 2020.
The two investment schemes are a major part of China’s strategy to open its capital markets to global investors.
A growing number of European regulators and investors have expressed concerns about the liquidity risk management practices at daily dealing UCITS funds.