RegTech Insight Blogs The latest content from across the platform
GoldenSource Releases Market Risk Factor Data Standard, Eases FRTB Compliance
GoldenSource, a provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions, has created a market risk factor data standard. Called Curve Master Definitions, the standard seeks to provide investment banks with a single risk factor taxonomy for market rates required to price OTC derivatives, including the storage and aggregation of industry standard…
Duco Releases Out-of-the-Box Data Controls to Accelerate Compliance with EMIR Refit
Duco, a SaaS provider of AI-powered data automation, has released pre-configured processes to help financial institutions meet the requirements of EMIR Refit, which comes into play on 29 April 2024 in the EU and 30 September 2024 in the UK, and includes additional reporting fields, the Unique Product Identifier (UPI) and Unique Trading Identifier (UTI)….
Investor Concern as Companies Found to be Ill-Prepared for ESG Data Assurance
Many companies lack the policies, skills and systems to ensure the ESG data they pass to investors and regulators is accurate and clean, according to a new survey. Just one in four companies questioned by KPMG in its inaugural ESG Assurance Maturity Index said they were confident they could provide assurance on their data, a…
DTCC Trade Reporting Analytics Aims to Help Firms Facing Rule Rewrites
DTCC has launched Trade Reporting Analytics and UTI Exchange as part of its DTCC Report Hub pre- and post-trade reporting platform. The new capabilities are aimed at helping firms as they prepare for a series of rewrites to various trade reporting regulations globally. Report Hub is a cloud-based reporting facility that helps firms meet derivatives…
Unlocking the Potential of AI in AML
By Steve Marshall, Director of Advisory Services, FinScan. AI has been increasingly used over the last few years to combat financial crime and money laundering. While it may not have lived up to its original billing as a silver bullet, some key lessons have been learned since those early days. Firstly, while AI has many…
FinScan Combines Data Quality Experience with Technological Expertise to Deliver Agile AML Solution
FinScan has combined experience in data quality with technological expertise in screening to provide an Anti-Money Laundering (AML) solution designed to help financial institutions develop more efficient AML programmes that generate fewer false positives and support better detection of true alerts. The company is part of Pittsburgh-based Innovative Systems, which was founded in 1968 and…
Corlytics Clausematch Teams with Braithwate for MiCA Compliance
Corlytics Clausematch has partnered with Braithwate, a regulatory consultancy focused on digital assets, to address the growing need for automated, transparent, and efficient regulatory compliance procedures among firms active in cryptocurrency markets. The alliance follows ESMA’s recent release of the second consultation package for the EU’s upcoming Markets in Crypto Assets (MiCA) regulation. The partners…
Derivatives Service Bureau Hits Deadline of 16 October 2023 with Go-Live of UPI Service
The Derivatives Service Bureau’s (DSB’s) Unique Product Identifier (UPI) Service went live as planned on Monday 16 October 2023, enabling firms to create and search for UPIs. UPI reporting starts in major derivatives markets in 2024, with US rules applying from 29 January 2024, the EU EMIR Refit regulations from 29 April 2024, followed by…
Data Products: Transforming Fraud Detection in Financial Services
By Suki Dhuphar, Head of EMEA, Tamr. Cybercrime assumes many shapes and forms. As a result, it’s often challenging to identify fraudulent behaviour and subsequently address it. Traditional methods frequently fail to detect and combat illicit activities, leading to financial losses and eroded trust. Yet, even today, one of the most prevalent solutions to enhance…
The Long and Winding Road to T+1 – A 20+ Year Journey
By Adrian Sharp, Principal, Fairfield Insights. What a long, strange trip it’s been. (Weir, Garcia et al, 1970) Earlier this year, the SEC published the final rules shortening the settlement cycle for US securities from T+2 to T+1 with a target compliance date of May 28, 2024. The case for a shortened settlement cycle remains…