A-Team Insight Author: sharon
RegTech Summit London Fast Approaching – Have You Booked Your Place?
The third annual edition of A-Team Group’s highly sought-after RegTech Summit is nearly here! On October 3, 2019 industry leaders, regulators, practitioners and providers will converge on the etc.venues at St Paul’s London to discuss the most innovative and effective approaches for building a better regulatory environment. This year is our strongest line-up yet, with...
Over 50% of Banks Not Yet Ready for SFTR, Finds Cappitech and Kaizen
A new study from regulatory reporting solutions provider Cappitech, in partnership with Kaizen Reporting, has found that 56% of banks are still only in the pre-implementation planning stages of their SFTR compliance strategy, despite a go-live first phase reporting deadline of April 2020. Even more worryingly, just 37% of the securities lending industry has started...
Refinitiv and Trulioo Partner on New Digital Identity Product for KYC
Refinitiv today launched Qual-ID, a new solution combining digital identity verification and document proofing from Trulioo with risk screening from its World Check database to help improve digital onboarding of consumers and compliance with KYC and anti-money laundering (AML) regulations around the world. The launch follows the decision earlier this year to withdraw the firm’s...
Focus on Resiliency on the Rise as Cyber Threats Grow
By Jason Harrell, Executive Director, Technology Risk Management & Head of Business and Government Cybersecurity Partnerships at DTCC. Resiliency has rapidly moved up industry and regulatory agendas as the threat of material disruption within the financial services sector (“sector”), including the continued growth of cyber threats, has moved from unlikely to inevitable. Resiliency is the...
Bloomberg Adds Equity Benchmarks, Introduces ESG Index Family
Bloomberg has added US equity benchmark capabilities to its existing set of fixed income, commodity and currency indices. The move is a response to investor requests and designed to help existing index clients meet their needs across a wider range of asset classes. The equity offering includes the Bloomberg US Large Cap Index (ticker: B500)...
Best Execution: Putting your Worst Foot Forward?
By Justin Lyon, Founder and CEO of Simudyne. Increased regulatory pressure has raised the bar for both sell-side brokers and investment managers. In Europe, MiFID II increased responsibility on sell-side firms, with the directive ratcheting up the prevention, detection and containment of algorithms that might behave in an unintended manner and contribute to disorderly trading...
LIBOR Change Requirements Mean Major Data Challenges for Financial Firms – Are You Ready?
With the London Interbank Offered Rate (LIBOR) ceasing to exist at midnight January 1, 2022, financial services firms around the world are faced with an enormous data management challenge. LIBOR, and the interest rate curves built off of it, are used within a wide variety of financial instruments and products, including derivatives, loans, and bonds....
Pico Appoints Former ITG CEO Francis J. Troise to Board of Directors
Pico has appointed former Investment Technology Group (ITG) CEO Francis J. Troise to its board of directors with the remit to support the company’s growth and innovation. The addition of Troise follows Pico’s recent acquisition of Corvil, which created a powerhouse combining Pico’s managed trading technology services and Corvil’s monitoring services and real-time performance analytics....
London Stock Exchange Rejects $37 Billion Acquisition Bid from Hong Kong Exchange
The London Stock Exchange Group (LSEG) has rejected the $37 billion conditional acquisition proposal made by Hong King Exchanges and Clearing (HKEX) to acquire the entire share capital of the London exchange last week saying it has ‘fundamental concerns about the key aspects of the conditional proposal’. These include the strategy, deliverability, form of consideration...
Global AML Fines Quadruple in 2019, Could Break Records
New analysis from KYC solutions provider Encompass Corporation has found that a total of $8.07 billion of anti-money laundering (AML) fines were imposed globally between January 1 to August 31 this year – approximately 4.3 times higher than the $1.87 billion handed out over the same period in 2018. Over the four months May to...