About a-team Marketing Services

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


Recorded Webinar: Best practices for eComms and multi-channel surveillance

Surveillance of multi-channel communications is a moving target as financial institutions continue to add conversational streams, in many cases mobile applications previously banned from the trading environment. With more eComms channels comes more data that must be managed, retained, and ready for regulatory compliance. For many firms, the changing shape of surveillance is a complex...


An Industry Update on FRTB Implementation in APAC

Implementation of Fundamental Review of the Trading book (FRTB) regulation across APAC raises many challenges, not least fragmentation of the regulation across jurisdictions in the region, fulfilling complex requirements of the regulation, sourcing necessary data, and selecting the internal or standarised model approach for specific trading desks. While the challenges are significant, and FRTB has...


Data Management Summit New York City

Now in its 13th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.


ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...