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Esma to ink deal for big data capabilities
The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities. Print this page
The European Securities and Markets Authority (Esma) is in the final stages of formalizing a deal with a managed service provider that will give the regulator the big data capabilities to operate on
the Microsoft Azure cloud platform. The European Commission will officially sign the new contract at the end of June, Paul Hussein, team lead of supervision and analysis systems at Esma, tells
WatersTechnology.
The regulator’s legacy systems have started to crack with the strain of ingesting a slew
Report: Stringent regulation could make crowdfunding too safe financialdirector.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialdirector.co.uk Daily Mail and Mail on Sunday newspapers.
September: Securities Financing Transaction Regulation (SFTR), Markets in Financial Instruments Directive II (Mifid II) Review
October: The European Securities and Markets Authority’s (Esma’s) new stress tests, The move to in-house, Asset management buying guide, M&A in tech
November: Volcker Rule updates, Cross border real-time payments, bobsguide Awards
December: Tech for the year ahead, The year gone
January: Brexit, bobsguide Rankings, Algo trading tech updates
February: Strong Customer Authentication (SCA) prep
March: Pandemic a year on, Fighting fraud
April: Changing payment ecosystem, Invest Bank Survey
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Risk.net
Latest job changes across the industry
Credit Suisse faces some tough choices as it absorbs the extraordinary losses inflicted by the Greensill and Archegos fund fiascos and subsequent ratings hit. On April 6, the firm announced an estimated pre-tax loss of approximately Sfr900 million ($963 million) for the first quarter, including a charge of Sfr4.4 billion ($4.7 billion) in respect of Archegos. At the same time, the firm announced that investment bank CEO
Brian Chin and chief risk and compliance officer Lara Warner were stepping down from their roles with immediate effect.
Christian Meissner, co-head of wealth management banking advisory and vice-chair of investment banking, will replace Chin in May. Meissner was previously head of global corporate and investment banking at Bank of America Merrill Lynch, and earlier co-CEO for EMEA at Lehman Brothers.