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SEC: Clear Path For Crypto Asset Custody?

February 19, 2025 By Chris Kentouris Leave a Comment

The US Securities and Exchange Commission’s decision last year to fine Galois Capital for violating its custody rule as well as potential changes to that regulation under the new crypto-friendly Trump administration are fueling speculation about whether one of the critical stumbling blocks to the institutionalization of the crypto asset market– the safekeeping of crypto […]

Filed Under: Blockchains, Crypto, Data, FundOps, Regulators, Standards Tagged With: Blockchain, Crypto, Data, Fund Ops, Regulators, Standards

Will Wall Street Earn Windfall For US CUSIP ID Codes?

August 11, 2023 By Chris Kentouris Leave a Comment

Data management, trading, post-trade operations and compliance managers at buy-side and sell-side firms might one day no longer have to worry about their organizations being forced to pay for US identification codes and could even celebrate their winning over US$1 billion in compensation from CGS and others. Judge Katherine Polk Failla of the Southern District […]

Filed Under: Data, Regulators, Rules, Rules, Standards Tagged With: Compliance, Data, Post-Trade, Regulators, Reporting, Standards, Trading

What’s a CUSIP Worth? Over US$1B in Class Action Win

March 14, 2022 By Chris Kentouris Leave a Comment

If you think you have been fleeced by CUSIP Global Services and others for paying licensing fees for nine-digit alphanumeric identification codes for US securities you might be entitled to a chunk of at least US $1 billion in compensation if a jury decides you’re right. All you must do is be part of an […]

Filed Under: Compliance, Data, Operations, Regulations, Reporting, Standards Tagged With: Compliance, CUSIP, Data, Post-Trade, Regulators, Reporting, Standards

Bloomberg’s FIGIs Win Nod From US Standards Body: Now What?

October 5, 2021 By Chris Kentouris Leave a Comment

Bloomberg finally got its wish for FIGIs– acceptance of its securities ID codes as a standard– but whether that equates to popularity for trade and post-trade operations managers remains to be seen. Trade, middle, and back-office operations, and compliance managers at buy and sell-side firms can now be certain that Bloomberg’s financial instrument global identifiers […]

Filed Under: Compliance, Operations, Reporting, Risk, Standards Tagged With: Data, Regulations, Reporting, Standards

Cryptomarket Rejects New Certification for Trading, Ops Execs

July 24, 2021 By Chris Kentouris Leave a Comment

Should Wall Street executives trading and processing digital securities transactions be legally required to pass licensing or mandatory in-house training programs? The answer to the question raised in a comment letter sent to the US Securities and Exchange Commission in April concerning its December 2020 framework for the custody of digital securities appears to be […]

Filed Under: Compliance, Data, Innovation, Regulations, Standards, Trading Tagged With: Blockchain, Brokerage Ops, Compliance, Crypto, Fund Ops, Hedge Funds, Regulators, SEC

New IDs for Digital Assets: FIGIs or ISO-Backed Codes?

February 22, 2021 By Chris Kentouris Leave a Comment

Does the financial services industry need more than one identification standard for digital assets? Can standards for identifying traditional assets even apply for the digital asset market? Those are the two questions trading, compliance and operations managers at fund management firms, custodians, exchanges, and issuers of digital tokens will soon answer now that they have […]

Filed Under: Blockchains, Compliance, Crypto, Data, Middle Office Ops, Regulators, Standards Tagged With: Blockchain, Compliance, Crypto, Data, Middle Office Ops, Regulators, Standards

Etrading Software Nabs Digital Token ID Authority

December 3, 2020 By Chris Kentouris Leave a Comment

Traders and operations managers handling cryptocurrencies and other digital assets could soon find themselves using new identification codes issued by Etrading Software, pending approval by the International Organization for Standardization (ISO), the standards-setting body. The London-based Etrading Software has beaten the duo of Bloomberg and Kaiko in the bidding process to be named as the […]

Filed Under: Compliance, Data, Investments, Standards Tagged With: Blockchain, Brokerage Ops, Crypto, Data, Fund Ops

Etrading Software; Bloomberg-Kaiko Vie for Crypto ID Authority

July 31, 2020 By Chris Kentouris Leave a Comment

If equities, bonds, and OTC derivatives have identification codes why shouldn’t digital assets? That’s the premise Etrading Software and the team of Bloomberg and Kaiko are betting on by recently throwing their hats in the ring to provide ID codes as the new registration authority for digital token identifiers (DTIs) expected to go live sometime […]

Filed Under: Compliance, Data, Innovation, Investors, Standards, Trading Tagged With: Crypto, Crypto. Blockchain, Data, Fund Ops, Post Trade, Reporting, SEC, Standards

CSDR: Using Predictive Analytics to Prevent Fails

July 14, 2020 By Chris Kentouris Leave a Comment

Predict and prevent– that’s what back-office operations managers at buy and sell-side firms preparing for Europe’s Central Securities Depositories Regulation (CSDR) settlement discipline regime are starting to think about so they won’t have to pay hefty financial penalties or endure buy-in requirements if they fail to settle their European trades on time. Instead of bemoaning […]

Filed Under: Compliance, Data, ESMA, Regulators, Risk, Rules, Rules, Settlement, Standards Tagged With: Compliance, Data, ESMA, Regulators, Risk, Settlement, Standards

SEC: Old Transfer Agent Rules Apply to New Blockchain

September 6, 2019 By Chris Kentouris Leave a Comment

The US Securities and Exchange Commission’s decision to register blockchain-enabled transfer agents has resurrected the issue of how it can apply securities laws to a nascent unproven technology. San Francisco-based Securitize has laid claim to being the first “agent” registered by the SEC to have developed an open-source blockchain based protocol for shareholder recordkeeping with […]

Filed Under: Compliance, Data, Investors, Regulations, Standards Tagged With: Crypto, Data, FINRA, Regulators, Reporting, SEC

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