ING Securities Services, Romania, has confirmed that a recent National Securities Commission decision will mean its clients using a local custodian on the Romanian market can appoint only local brokers that have a house account. Who those local brokers are
Korea Exchange Bank, the country's largest foreign exchange bank, has purchased the Mantas Anti Money Laundering application. Mantas was selected because of its reputation and expertise indesigning solutions to meet global regulatory demands, the bank said in a statement. "Korea
Standard & Poor's, a provider of reference data products, Advanced Portfolio Technologies, a provider of risk analytics, and Aquin Components, a provider of compliance software in Europe, have partnered to provide a new risk management service called RiskComply. Research by
A panel of experts convened by security experts Brookcourt Solutions has issued a warning that in their rush to comply with the Markets in Financial Instruments Directive (MiFID) by the November deadline, banks are overlooking the security risks, exposing them
The Securities Industry and Financial Markets Association (SIFMA) has commended the UK Financial Services Authority (FSA) for its recent paper "Principles Based Regulation Focusing On Outcomes That Matter." SIFMA has called for financial services regulators world wide to promote a
Equiduct has released the latest in its series of sponsored white papers written by industry experts to offer an independent perspective on MiFID and its likely impact on the equities market. The fourth white paper is titled "Pre trade information
Dexia Securities France and Atos Euronext Market Solutions (AEMS) have entered into a partnership to develop broker applications, which ensures they will meet their MiFID requirements. The modular platform will allow brokers to fulfil the "best execution" and reporting requirements
QUMAS, a developer of enterprise governance, risk and compliance applications, is to release the financial services industry's first end to end closed loop compliance application. The QUMAS Compliance Closed Loop Process highlights all of the core activities that fall under
The Financial Services Authority (FSA) has published a paper setting out its current thinking on its move toward a more principles based regulatory regime. The paper, titled "Principles based Regulation Focusing on the Outcomes that Matter," accompanies a conference being
SECCAS LLC is opening a secondary data operations center in Scranton, Pa., a decision that the provider of hosted compliance solutions for financial services companies said was made after reviewing multiple locations in New York, New Jersey and Maryland. SECCAS,