Volcker Revision

Volcker fills important policy gap between insufficient raise of banks’ capital and address weaknesses of the 1933 deposit insurance mechanism. Banks may become force to destabilize market if they swap out healthy portfolio of U.S. Treasury in reckless pursuit of higher yield toxics. Banks ought to “let-go” of bad habbits and adopt innovative RiskTech to meet 21st century challenges.

Access Fee Pilot

Re-calibration is a must if order protection, best execution, and other NMS provisions remain as-is. If trading platforms would spin-off their data and technology businesses, then access fee rules might be able to roll-back. Via better delineation of rights, this mutually exclusive separation replaces the wickedness of a distorted economy of scope with efficiency gains.

Market Data Feeds and CAT

Heated debates at the STA and SEC’s events, Some suggest to allow competition on depth- of-book data. Yet, who owns the data and how much aggregators should earn? This leads me to revisit the Consolidated Audit Trail project, which the initiation of reporting by exchanges and FINRA started Nov 16, 2018 amid controversies. Stay tuned.

COMMANDING VIEW

Everybody talks or grieves about

compliance burden, but not just

anyone can make come up with a

suite of patent-pending inventions

to make the best of every situation.

Marvel at our ability to solve the

industry’s thoughest challenges. It

is about: the industry nuances,

market design and economics, as

well as the enabling technologies

to make a positive difference.

Weigh-in and Engage!

Contact Us: (617) 237-6111

P.O. Box 181, Weymouth, MA 02191 Email: info@databoiler.com
We are fortunate to have opportunities to provide comments to some of the financial regulators in advocating for advancement of risk controls. Assertive as we are amid political pressures, we earned good rapport with the regulatory community, industry groups, and think tanks. We believe viable 3rd option is better than polarized views to move things forward. Together, we will foster a better state of financial stability and enable sustainable growth.

Risk and Compliance Resources:

Equity Market Structure (NMS §610 Access Fees Pilot)

The Volcker Rule - §619 Dodd-Frank Act
2019 Final Rule to Exclude Community Banks
2017 DataBoiler's respond to OCC requests for comment

Dodd-Frank §613 Consolidated Audit Trail (CAT NMS Plan)
Featured Article: AutoCAD the CAT amid controversy
Clock Synch: Challenge that needs a New Solution

Volcker, a quest for answers (9-parts series):
1: Volcker Postmortem or Has the Fight Just Begun?
2: Volcker risk controls or room to circumvent controls?
3: Volcker inventory: too complicated or just unfamiliar?
4: Volcker challenges: unsolvable or unprofitable?
5: Volcker enforceability: backburner or bazooka?
6: Volcker attestation: guilty or not innocent?
7: Volcker independent testing: MCQ or long essay?
8: Volcker violation: felony or misdemeanor charges?
9: Volcker Anniversary: a quest for answers or a taboo?
Bonus: Volcker: Reasonable Inventory and I cannot see it...
Salvage: OCC Analysis of 12 CFR Part 44

Presentation: Challenges, Responses, Myths, and More

Whitepaper: Financial Stability - Success takes off in the convoluted regulatory environment

Whitepaper: See Who Rises to the Rogue's Hall of Fame

Whitepaper: Volcker Rule: Dihydrogen Monoxide Ban?!

BCBS 239: Major in the Major

The War within Volcker

Spam Filtering the Prohibited

Volcker’s intent is hacked and leaked

VR Machine (Patent pending) / Technical drawing

See the numbers, do the math: Part 1 / Part 2

OCC BULLETIN 2014-27 Interim exam procedures

CGFS: Market-making and proprietary trading

BCBS239: Principals for effective risk data aggregation and risk reporting

BCBS283: Supervisory framework for measuring and controlling large exposures

Comprehensive Capital Analysis and Review

OFR: Analyzing Threats to Financial Stability


Holding Companies with Assets > $10 Billion


Technologies Resources:

Big Data Truths and Myths in B2B Financial Industry

We encourage you to complete the following True or False exercise in deciphering true values of Big Data. Please answer True (T) / False (F) / Unknown (?) for the following statements in the context of today's B2B firms in financial industry or financial technologies arena.

1. Big data initiatives are for the primary benefit of improving client experience.

2. B2B firms are innovators in adopting the latest and most advanced technologies. 

3. Transparency is much improved because B2B firms have lots of data.

4. Veracity refers to perfect exactitude of data in one centralized data warehouse.

5. Enterprise architecture projects are prioritized because IT knows the big data's ROI.

6. Tech vendors join forces with each other to seek higher values through big data.

7. Big data emphasis on standardization and a single golden copy of security master.

8. Data is counter intuitive, conventional wisdom always prevail in product development.

9. There are well kept rosters for the # of data sources & how data is used and reused.

10. Big Data supports tightening of risk appetite and favor more frequent risk reporting.

Scoring Method 
Add 3 points for every correct answer
Subtract 2 points for every incorrect answer
Add 1 point for every question you answered ‘unknown' (It is for your honesty and cautiousness. Keep in mind there are high sunk fixed costs in technologies investment. Hence, we help you discern truths and myths for your big data bet.)


Check Answers Check Answers Check Answers Check Answers

Featured Stories:

COMMANDING VIEW

Everybody

talks

or

grieves

about

compliance

burden,

but

not

just

anyone

can

make

come

up

with

a

suite

of

patent-pending

inventions

to

make

the

best

of

every

situation.

Marvel

at

our

ability

to

solve

the

industry’s

thoughest

challenges.

It

is

about:

the

industry

nuances,

market

design

and

economics,

as

well

as

the

enabling

technologies

to

make

a

positive

difference.

Weigh-in and Engage!

Contact Us:

(617) 237 - 6111

P.O. Box 181, Weymouth, MA 02191 Email: info@databoiler.com

Access Fee Pilot

Re-calibration is a must if order protection, best execution, and other NMS provisions remain as-is. If trading platforms would spin- off their data and technology businesses, then access fee rules might be able to roll- back. Via better delineation of rights, this mutually exclusive separation replaces the wickedness of a distorted economy of scope with efficiency gains.

Volcker Revision

Volcker fills important policy gap between insufficient raise of banks’ capital and address weaknesses of the 1933 deposit insurance mechanism. Banks may become force to destabilize market if they swap out healthy portfolio of U.S. Treasury in reckless pursuit of higher yield toxics. Banks ought to “let-go” of bad habbits and adopt innovative RiskTech to meet 21st century challenges.

Market Data Feeds and CAT

Heated debates at the STA and SEC’s events, Some suggest to allow competition on depth- of-book data. Yet, who owns the data and how much aggregators should earn? This leads me to revisit the Consolidated Audit Trail project, which the initiation of reporting by exchanges and FINRA started Nov 16, 2018 amid controversies. Stay tuned.

Risk and Compliance Resources:

Equity Market Structure (NMS §610 Access Fees Pilot)

The Volcker Rule - §619 Dodd-Frank Act
2017 DataBoiler's respond to OCC requests for comment

Dodd-Frank §613 Consolidated Audit Trail (CAT NMS Plan)
Featured Article: AutoCAD the CAT amid controversy
Clock Synch: Challenge that needs a New Solution

Volcker, a quest for answers (9-parts series):
1: Volcker Postmortem or Has the Fight Just Begun?
2: Volcker risk controls or room to circumvent controls?
3: Volcker inventory: too complicated or just unfamiliar?
4: Volcker challenges: unsolvable or unprofitable?
5: Volcker enforceability: backburner or bazooka?
6: Volcker attestation: guilty or not innocent?
7: Volcker independent testing: MCQ or long essay?
8: Volcker violation: felony or misdemeanor charges?
9: Volcker Anniversary: a quest for answers or a taboo?
Bonus: Volcker: Reasonable Inventory and I cannot see it...
Salvage: OCC Analysis of 12 CFR Part 44

Presentation: Challenges, Responses, Myths, and More

Whitepaper: Financial Stability - Success takes off in the convoluted regulatory environment

Whitepaper: See Who Rises to the Rogue's Hall of Fame

Whitepaper: Volcker Rule: Dihydrogen Monoxide Ban?!

BCBS 239: Major in the Major

The War within Volcker

Spam Filtering the Prohibited

Volcker’s intent is hacked and leaked

VR Machine (Patent pending) / Technical drawing

See the numbers, do the math: Part 1 / Part 2

OCC BULLETIN 2014-27 Interim exam procedures

CGFS: Market-making and proprietary trading

BCBS239: Principals for effective risk data aggregation and risk reporting

BCBS283: Supervisory framework for measuring and controlling large exposures

Comprehensive Capital Analysis and Review

OFR: Analyzing Threats to Financial Stability


Holding Companies with Assets > $10 Billion


We are fortunate to have opportunities to provide comments to some of the financial regulators in advocating for advancement of risk controls. Assertive as we are amid political pressures, we earned good rapport with the regulatory community, industry groups, and think tanks. We believe viable 3rd option is better than polarized views to move things forward. Together, we will foster a better state of financial stability and enable sustainable growth.

Technologies Resources:

Big Data Truths and Myths in B2B Financial Industry

We encourage you to complete the following True or False exercise in deciphering true values of Big Data. Please answer True (T) / False (F) / Unknown (?) for the following statements in the context of today's B2B firms in financial industry or financial technologies arena.

1. Big data initiatives are for the primary benefit of improving client experience.

2. B2B firms are innovators in adopting the latest and most advanced technologies. 

3. Transparency is much improved because B2B firms have lots of data.

4. Veracity refers to perfect exactitude of data in one centralized data warehouse.

5. Enterprise architecture projects are prioritized because IT knows the big data's ROI.

6. Tech vendors join forces with each other to seek higher values through big data.

7. Big data emphasis on standardization and a single golden copy of security master.

8. Data is counter intuitive, conventional wisdom always prevail in product development.

9. There are well kept rosters for the # of data sources & how data is used and reused.

10. Big Data supports tightening of risk appetite and favor more frequent risk reporting.

Scoring Method 
Add 3 points for every correct answer
Subtract 2 points for every incorrect answer
Add 1 point for every question you answered ‘unknown' (It is for your honesty and cautiousness. Keep in mind there are high sunk fixed costs in technologies investment. Hence, we help you discern truths and myths for your big data bet.)


Check Answers Check Answers Check Answers Check Answers

Featured Stories: