RegTech Insight Blogs The latest content from across the platform
5 Recurring Themes from Comms Surveillance (Q1-2024)
Communications surveillance came under focus in two sessions at the recent A-Team Group Trading Technology Summit in London in February. During a morning Keynote session, Andrew Delaney, President and Chief Content Officer at A-team sat down with Paul Liesching, Chief Revenue Officer at 1Global to discuss “Navigating the Complexity of Communications Surveillance.” An afternoon panel…
Best Practice Approaches to Trade Surveillance for Market Abuse
In 2023, Openmarkets Australia was fined the largest ever penalty imposed by the?Australian Securities and Investments Commission (ASIC) of $4.5 million. Among other observations, the regulators noted that Openmarkets had not appropriately calibrated its post-trade surveillance system and that this resulted in an unmanageable volume of alerts, most of which were not reviewed. “This outcome…
Smarsh Augments Comms Surveillance
As regulators in the UK, EU, and US continue to come down hard on firms failing to maintain adequate control of business conducted over digital communications channels, Smarsh’s acquisition of TeleMessage in February aims to broaden the company’s offerings in the digital communications compliance and intelligence space. Says CEO Kim Crawford Goodman. “Together with TeleMessage, Smarsh…
EU Parliament Approves Landmark Artificial Intelligence Act
The EU Parliament has approved the Artificial Intelligence Act, marking the world’s first regulation of AI. The regulation establishes obligations for AI based on its potential risks and level of impact and is designed to ensure safety and compliance with fundamental rights, democracy, the rule of law and environmental sustainability, while boosting innovation. The act…
Alexandre Kech Steps Up to Role of GLEIF CEO as Stephan Wolf Steps Down
Following the decision by Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation (GLEIF), to step down from the role on 24 June 2024 after a decade of leading the foundation from its start-up phase to the growing organisation it is today, the GLEIF board of directors has appointed Alexandre Kech to the position….
SmartStream Reference Data Services Provides Derivatives Data for EMIR Refit
SmartStream Reference Data Services (RDS) has released an enhanced derivatives data service providing in-depth insights into futures related transactions and playing into EMIR Refit reporting requirements. EMIR Refit is geared towards enhancing transparency and stability in the OTC derivatives trading market and is set to take effect in April for Europe and September for the…
Duco Offers Transaction Reporting Eligibility Validator for EMIR
Duco, a provider of Software-as-a-Service (SaaS) AI-powered data automation, has released a transaction reporting eligibility validator that provides an independent validation of internal eligibility rules by using field-by-field comparison of individual financial services firms’ rules versus existing ESMA eligibility requirements. The solution highlights under and overreporting using Duco’s reconciliation and exception management capabilities, and regulatory…
FCA Focus on Non-Financial Misconduct Amplifies Case for Comms Surveillance
By Oliver Blower, Chief Executive Officer of VoxSmart. Leading City compliance professionals have been bombarded with reasons to enhance their employee communications surveillance capabilities over recent months, with fresh headlines making the case on an almost daily basis. Recently, yet another story broke around the threat posed by insider trading, with ex-Goldman Sachs analyst Mohammed…
EMIR Refit at T-minus 60: What’s Expected of Regulated Firms?
With the EMIR Refit deadline less than 60 days away for entities within the EU and the UK’s own version set to launch in September, firms are expected to be in the advanced stages of preparation. By now, firms should be close to completion of the Trade Repositories’ six-month User Acceptance Testing (UAT) phase, which…
A-Team Group Announces Winners of RegTech Insight Awards APAC 2024
A-Team Group has announced the winners of its RegTech Insight Awards APAC 2024. The awards are designed to recognise excellence in RegTech solutions and services, and focus on vendors providing exceptional offerings to capital markets participants in APAC. The winners of the awards were announced on 6 March 2024. This year’s RegTech Insight Awards APAC…