Bankdata, outsourced services supplier to the Danish Banking Industry, is partnering with Quadrant Risk Management (International) to provide Basel II compliant solutions to their customers. Bankdata is enhancing Quadrant's operational banking solutions to comply with the Basel II regulatory framework.
SunGard has launched the MiFID Hub application to help firms meet the increased recordkeeping requirements imposed by MiFID. The MiFID Hub, developed by SunGard's EXP business unit, incorporates ideas and feedback from more than 70 financial services institutions. MiFID requires
Businesses in the UK's financial services sector are moving away from a compliance led approach toward operational risk, adopting instead more focused risk management and business process performance based practices, according to Marsh, a risk management and insurance services firm.
Raiffeisen Zentralbank sterreich (RZB) has adopted financial crime and compliance software from Norkom Technologies to support its enterprise wide compliance strategy. Starting June this year, Norkom's software will be rolled out across the group's 17 banking operations to conduct real
Waters Magazine is reporting that 60 percent of European financial institutions won't be ready for the 1 November 2007 MiFID deadline, according to a survey. The deadline could see many employees working through August, the traditional holiday period for most.
LECG LLC, a subsidiary of the strategic advisory firm LECG Corporation, has signed a definitive agreement to acquire the Secura Group LLC, a privately held consulting firm focused on financial services and regulatory compliance. "Secura has a long history of
A new TABBGroup research note, "Reg NMS Launching the Next Arms Race," reports that brokers' trading systems are changing at an even faster pace in response to the implementation of Reg NMS by the SEC, requiring even higher levels of
ACE Software Solutions, provider of payment and STP applications for the financial sector, has launched the PELICAN product suite, to provide applications for payments, STP, SWIFT connectivity and SEPA compliance needs. ACE's PELICAN framework, based on SWIFTReady Gold accredited technologies,
Although MiFID is due to come into force on 1st November 2007, Etheios, an investment management consultancy, believes it is a racing certainty that not all of the member states in the EU EEA will be ready for implementation of
Charlie McCreevy, the European Union's internal market and services commissioner, in a New York appearance warned against creating a regulatory superstate, as regulatory authorities around the world come to grips with cross border markets and trading. Speaking on Wednesday night,