About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Regulatory Compliance – a Special Report Published by The Times in Partnership with A-Team Group

Subscribe to our newsletter

The Regulatory Compliance special report published by The Times in partnership with RegTech Insight from A-Team Group last week takes a deep dive into compliance issues on the agenda at financial institutions, looks to the future of regulation, and touches on emerging AI solutions. We’re of course thrilled to be partnering with such a prestigious brand here in the UK, and it’s well worth checking out the report.

A key theme throughout the report is the strategic role of compliance in growing the business, and the need for compliance teams facing increasing and ever-more complex regulation and regulatory change to do more with less in a time of budgetary constraints. With more to do, but little or no expansion expected in team numbers, the report notes the need for compliance to make the most impact it can with its investments by allocating resources to riskiest areas.

Recruiting is also a high priority, with the report suggesting a need for compliance employees with a commercial focus who can see the bigger picture. Specific skills include subject matter expertise, communications, critical thinking and internal influence, with collaboration across functions, such as risk and governance, advancing compliance while informing other teams.

Looking forward, a commitment to automation and understanding of generative AI technologies will be critical to the efficiency and effectiveness of compliance processes, although the caveat on the risks of AI remains.

Regulations called out by The Times publication include GDPR, ESG obligations, and KYC. Five years on from the implementation of GDPR, the report questions whether it is time for GDPR 2.0 in the wake of the UK’s exit from the EU. Proposals for a new UK data protection bill, the Data Protection and Digital Information Bill, are working their way through parliament. The aim is to modernise data rules, reduce the burden on business, boost the economy and unlock innovation.

Not surprisingly, ESG regulation is a subject of debate in the report as regulations come into play and banks look not only at their own ESG credentials, but also those of their supply chains. As the report states: “Unless supply chains adapt to become greener, more socially responsible and reflective of good governance practices, the planet has a serious problem.” A suggested solution is to establish strong ESG standards in the supply chain, although this will mean banks would have to shift from a values-based model to one that prioritises values – a radical departure from a banking and funding model built on market prices.

If visualisation is your thing, look no further than the centre spread of the special report, which provides a detailed – and very interesting – picture of the state of KYC in 2023.

You can download a copy of the special report here, and register for A-Team Group’s 5 October RegTech Summit London here. We look forward to meeting you and continuing the conversation.

Subscribe to our newsletter

Related content


Upcoming Webinar: How to leverage Generative AI and Large Language Models for regulatory compliance

Date: 8 May 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Generative AI (GenAI) and Large Language Models (LLMs) offer huge potential for change across capital markets, not least in regulatory compliance where they have the capability to help firms understand and interpret regulations, automate compliance, monitor transactions in real...


Saifr Acquisition of Giant Oak Solution Adds Adverse Media Screening and Monitoring

Saifr, a Fidelity Investments company, plans to extend its RegTech capabilities with the acquisition of GOST, an AI platform developed by Giant Oak to deliver adverse media screening and monitoring. The addition is expected to provide financial institutions with broader functionality across regulatory intelligence, due diligence, risk management analytics and continuous monitoring, and help them...


Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.


Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...