The draft Basel II proposals on risk regulation have been attacked by two industry bodies in the past month. First, the Institute of International Finance (IIF) expressed concern about the potential costs to industry participants of accommodating what it called the complexity of the proposed new framework, and said there was a lack of coordination between the Basel Committee and the International Accounting Standards Board. Then, the European Private Equity & Venture Capital Association estimated that the risk provisions of the proposed regulations would reduce the flow of equity finance in Europe by between €5 billion and €10 billion. The Basel II proposals are seen as a major driver of financial services firms’ straight-through-processing initiatives, which in turn are driving demand for reference data management projects. The latest criticisms of the Basel II proposals follow earlier warnings from the European Banking Federation, the British Bankers’ Association and the U.S. Securities Industry Association.
A-Team Insight Blogs
Basel II Plan Under Attack for Impact on Costs, Funding
Date: 14 October 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The EU Sustainable Finance Disclosure Regulation (SFDR) is central to the European drive towards a sustainable financial market. As such, it is complicated and multi-faceted, and makes rigorous demands on financial firms to source large volumes of ESG data...
Blackmore Capital’s Collaboration with OTCfin Completes Integration of ESG Factors into Investment Process
Blackmore Capital, a Melbourne-based asset manager set up in 2018, and New York-based OTCfin have completed the integration of ESG factors with financial data for all Blackmore portfolios. By incorporating ESG factors into Blackmore’s investment process, OTCfin’s risk and regulatory reporting solution will help the asset manager’s team improve portfolio monitoring from both a financial...
This breakfast briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...