Regulation

Omgeo Offers MiFID Compliant Transaction Reporting Service

OmgeoSM's regulatory reporting service, Omgeo Transaction ReportSM, has been updated to meet new MiFID requirements, as set out by the Financial Services Authority (FSA). The service has been certified by the FSA as an Approved Reporting Mechanism (ARM) and will

FSA Confirms Exchange's Status As Approved Reporting Mechanism

The FSA confirmed today that the London Stock Exchange's Exchange Reporting Service (ERS) will be an Approved Reporting Mechanism for the provision of transaction reports under MiFID. The ERS offers a transaction reporting service for customers wishing to have a

Banque Eni Implements FinArch's Basel II Application

Banque ENI, the Belgian financial services branch of the Italian energy multinational Eni, has selected Financial Architect's (FinArch) Financial Studio solution for Basel II calculations and reporting (COREP) to ensure compliance by the end of the year. Banque ENI has

Fidessa Launches MiFID Software

On the 17th of September 2007 Fidessa group plc announced the launch of its MiFID range of products, services and trading links created for brokers. The Fidessa MiFID software provides services that cover five key areas Fidessa EPOCH provides execution

EDHC Carries Out Research On Asset Allocation And Risk Management

The EDHEC Risk and Asset Management Research Centre carries out research programmes in the areas of asset allocation and risk management in the world of investment. As a response to the need by investors for benchmarks for alternative investment strategies,

PROFILE Announces The Enrichment Of Its Investment Management System

The new platform of PROFILES' investment management system is MIFID enabled and allows users full coverage of wealth management instruments in addition to allowing organizations the ability to manage their financial and any other type of collaterals against credit, either

Survey Finds Compliance Costs Remain High For Banks

As anti money laundering (AML) regulation continues to grow, the cost of conducting KYC checks on new counterparties and dealing with remediation remains a major factor facing banks, according to new findings released today by Bankersalmanac.com. In a survey aimed

SEC's Principal Trade Proposal Raises New Fears

Financial advisers fear that a proposal backed by the Financial Planning Association that would allow brokers to make principal trades in their fee based accounts would result in a new loophole that brokers can use to skirt investment adviser regulations,