Compliance Archives

Revolutionizing Financial & Regulatory Compliance Reconciliation

Webinar Presented by EPAM & BroadPeak “Revolutionizing Financial & Regulatory Compliance Reconciliation: Introducing ‘K3 Reconciliation’” Join EPAM and BroadPeak for a FREE webinar introducing ‘K3 Reconciliation‘, a revolutionary solution for financial and regulatory compliance. Learn about the new derivatives trade reporting obligations in Europe under EMIR REFIT, with ESMA. Gain insights into EMIR REFIT’s complexities, […]

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Compliance, Regulatory Reporting, Trade Reconciliation

two people standing on the edge of a mountain ridge

All the Speculation: Mitsubishi $350MM Loss

Try not to roll your eyes. Another rogue trader. It’s pretty early days, but we can probably make some reasonable assumptions about what happened based on Mitsubishi’s Petro Diamond Singapore division’s brief explanation: Mitsubishi Petro Diamond Singapore stated the trader, “Was discovered to have been repeatedly engaging in unauthorized derivatives transactions and disguising them to

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Compliance, Data Integration

Surveillance Data: The Stuff No One is Talking About

The Surveillance Data Problem EFRP: If your commodity firm is going to get fined for something, odds are it’s going to be for an EFRP documentation violation. More companies get hit for this than any other violation. In summary, every EFRP must be tied back to the independent OTC transaction. Most firms get in trouble

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Compliance, Trade Surveillance

empty highway with view of city and trees

MiFID II- Data Validation

Validation. There is a reason everyone is talking about it. If you do it wrong, your compliance personnel start pulling their hair out. As far as ESMA, Dodd-Frank and MiFID II trade reporting we are clearly in a world that is moving from low validation to one that is highly validated. Com-Sci 101: Four Categories

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Compliance

Euro Insanity

There’s an old saying that insanity is defined by doing the same thing again and again and expecting different results. There is no shortage of compliance pain under ESMA, REMIT, MIFID…etc: ESMA recently released an updated EMIR reporting specification which increases the number of report-able fields by 50% to 129. Everyone has been a bit

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Compliance, Regulatory Reporting

The Good Shepherd of Compliance Data

Post the financial crisis of 2008, financial firms that trade directly with other firms (as opposed to a listed exchange/marketplace) are subject to an ever-increasing number of regulatory requirements. Think Dodd-Frank, EMIR, REMIT, MiFID II, and their analogues in each regional jurisdiction around the globe. While some of these regulations are broad in scope, at

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Compliance, Dodd Frank, EMIR, REMIT, SDR

4 Questions REMIT RRMs Don’t Want You To Ask

As we move forward with REMIT there seem to be a lot of entities with stars in their eyes that they want to become an RRM. RRM is the Regulatory Reporting Mechanism under ACER that facilitates the reporting of transactions. This seems like a fairly straightforward thing. Setup a facility to receive values from the

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Compliance, Regulatory Reporting

BroadPeak Presenting at ICE’s Trade Reporting Workshop in Calgary

BroadPeak will be presenting at the ICE Trade Reporting workshop in Calgary next week (August 27). Who doesn’t love Calgary in the summer? With compliance officers now focusing on Canadian equivalent of Dodd-Frank regulations, the workshop is a timely resource. The workshop will give participants insight into the regulations, their likely impact as well as

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Compliance, Events, Regulatory Reporting

SDR/TR | Standardi (Z or S) ation

StandardiZation, StandardiSation. Why can’t we all just agree??? With the Dodd-Frank SDR reporting inching slow ahead to full steam in the US, how have we fared thus far? Truthfully? Not so well! Why? Well one does not need to go any further than to take a peek at what’s on the CFTC’s mind. And what

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CME, Commodity Trading, Compliance, Dodd Frank, DTCC, EMIR, ICE, REMIT, SDR, Trade Vault