Solutions
The Global Financial Markets Association (GFMA) has published a set of principles to guide the development of a commonly accepted framework for cybersecurity penetration testing.
GFMA’s goal is to encourage dialogue and share insights between the industry and regulators that would result in a globally coordinated approach to the regulatory use of penetration testing. Specifically, GFMA aims to facilitate a multi-regulator endorsed approach that enables regulators to drive consistent supervisory objectives and allows firms to maximise the utility and insight of approved penetration testing while minimising risk.
Penetration testing serves as one of the foremost tools in enabling a
BNP Paribas Securities Services is planning to launch ClimateSeed, a platform that aims to bring together investors and organisations committed to carbon offsetting projects.
This initiative is part of BNP Paribas’ long-standing commitment to help combat climate change and promote the UN Sustainable Development Goals.
ClimateSeed will act as a centralised platform where investors and companies looking to invest in voluntary carbon offsetting projects will be able to connect easily to projects carriers looking for funding.
The ClimateSeed platform will reinvest 100 per cent of its profits in its development and initiatives designed to enhance its impact.
Cboe Global Markets’ new Cboe bitcoin futures (XBT) began trading exactly as planned at 5:00 pm CT on Sunday, 10 December, 2017, at the start of Global Trading Hours.
The opening price for XBT was USD15,000 and 890 contracts were traded by 7:15 pm CT. Monday, 11 December, will be the first full day of trading. Cboe previously announced that all transaction fees will be waived throughout the month of December.
Over the last five years, the total value of all bitcoin outstanding (ie, “market capitalisation”) has grown from less than USD1 billion to over USD262 billion with daily notional
The Commodity Futures Trading Commission (CFTC) has exempted certain multilateral trading facilities (MTFs) and organised trading facilities (OTFs) authorised within the European Union (EU) from the requirement to register with the CFTC as swap execution facilities (SEFs).
The order will become effective on 3 January, 2018.
“Today’s announcement by the CFTC of a registration exemption for EU-authorised trading venues, combined with Tuesday’s announcement by the European Commission of an equivalence decision for CFTC-authorised trading venues, represents the third time in two years that the CFTC and the European Union have been able to work together to defer to each
Gresham House, a specialist alternative asset manager, has launched a new online investor portal aimed at providing the firm’s clients with a co-investment service, greater visibility into their holdings and a level of transparency on underlying private assets that is typically only seen in the public markets.
The portal will enable clients to access deal by deal co-investment opportunities in a structured and simple manner. Users will have access to information on the underlying assets, including appraisal and investment papers where available, allowing them the discretion to increase their investment into the regions, sectors or deals specific to their interests.
The Securities and Exchange Commission (SEC) is delaying the implementation of rules requiring large mutual funds to submit monthly details of their portfolio holdings to the Commission while it improves the security of its EDGAR filing system which was hacked in 2016.
For the first nine months after the original Form N-PORT compliance date of 1 June, 2018, larger fund groups will maintain the required information in their records and make it available to the Commission upon request instead. Smaller fund groups will have to comply with the requirements one year after larger fund groups begin filing the form.
The
Oxial has launched GDPR Express; a GDPR compliance solution aimed at mid-sized financial services firms. This new solution brings a digitised compliance approach to remove the GDPR burden and offer continuous compliance and high level data security.
With the deadline for the EU’s General Data Protection Regulation (GDPR) coming into effect on 25 May 2018, the GDPR Express solution uses an automated digital compliance approach to offer 100 per cent GDPR compliance. Live and operational in less than 90 days, the new solution is based on Oxial’s years of experience in risk management, IT security and compliance.
“GDPR is
Thomson Reuters has strengthened its solutions portfolio for quantitative analysis with the launch of I/B/E/S Point in Time (Point in Time), which offers the buy-side another powerful tool for financial backtesting and historical analysis.
Point in Time is built on the Thomson Reuters I/B/E/S Quantitative File System and I/B/E/S historical databases.
Forward-looking bias in investing occurs when investment professionals incorrectly assume they knew something at a particular point in time. Point in Time introduces the concept of a point date, which is the date of the file that the data appeared in. By utilising a point date, a client could
By George Ralph, RFA – Whilst popular in the US, here in the UK, cyber liability insurance is slowly gaining traction but hasn’t yet reached a level of widespread adoption.
Possibly because firms in the US have clearer liabilities where customers’ data is concerned, with a mandate to notify all clients of the breach, in writing, whereas in the UK, the costs associated with a cybersecurity incident, or data breach are less clear, varying from industry to industry, and between firms of different sizes. The imminent GDPR could change things, but we have yet to see that happen.
All cyber
Eikos Partners, fintech consultants who help capital market participants solve some of their most complex technology and operational challenges, is commercialising JSCatalyst, a JavaScript toolkit designed to accelerate application development and allow designers to build user interfaces that function across all types of devices and browsers.
A tier one investment bank and top 10 hedge fund have already deployed the toolkit, with an institutional asset manager going through a POC.
Since financial institutions still operate as silos and legacy systems continue to prevail, business and IT collaboration remains challenging. Implementing an innovative idea or creating a new application that
