RegTech Insight Blogs The latest content from across the platform
Ground-Breaking Standard Setter TCFD Given Warm Send-off
The king is dead; long live the king. At the end of this year the Taskforce for Climate-related Financial Disclosures (TCFD) will cease to exist but its operations will be continued by the International Sustainability Standards Board (ISSB). The standard setter’s dissolution eight years after its creation has prompted a wave of reflection within the…
Banks’ PRIIPS Headache Set to Intensify as Capital Markets Union Regulation Ramps Up
By Kifaya Belkaaloul, head of regulatory at NeoXam. Over the past decade, the European Union has rolled out a host of new regulations aimed at fostering more competitive capital markets and mobilising private investment towards critical goals including the digital transition and climate emergency. One of the EU’s core levers for enacting change has been…
Confluence Partners Manaos to Provide SFDR Reporting Solution
Confluence Technologies, a solutions provider helping investment managers solve complex data challenges, has partnered Manaos, the investment data management platform designed and incubated by the securities services business of BNP Paribas, to provide a reporting solution for Sustainable Finance Disclosures Regulation (SFDR). The partnership allows Confluence to provide an end-to-end SFDR solution to asset managers…
UK Regulators Consult on Proposals to Strengthen Resilience of Services Provided by Critical Third Parties
The Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are consulting on proposals to oversee and strengthen the resilience of services provided by critical third parties (CTPs) to UK regulated financial services firms and financial market infrastructure entities. The proposals set out in the consultation paper follow Parliament’s adoption of the…
Planixs Releases Realiti Insights for Regulatory, Risk Analysis
Planixs, which provides cash, collateral and liquidity management solutions, has launched Realiti Insights, a data and analytics service that helps financial institutions identify threats and opportunities from their regulatory, risk and business information. Realiti Insights allows senior management and operational teams to interrogate disparate data sets using an intuitive user interface that allows access to…
Crédit Agricole CIB Implements Opensee’s Advanced Market Risk Management Platform
Opensee, the specialist data analytics platform for financial institutions, has successfully rolled out a new market risk management solution for the front office users of Crédit Agricole Corporate & Investment Bank (CACIB). The new solution consolidates multiple data sets from varied sources into a single repository, rather than the previously segregated systems used for each…
UK’s SDR Puts Data and Governance at Heart of Compliance
Asset managers and manufacturers of financial products sold in the UK have been told they must have adequate data, governance and technology in place to comply with the national regulator’s sustainable disclosure recommendations (SDRs), published this week. The requirement from Financial Conduct Authority (FCA) puts data, metrics and ratings at the centre of the highly…
Regnology, Moody’s Analytics Join Forces for Risk/Reg Reporting Solution
Regnology has teamed with Moody’s Analytics to launch an end-to-end risk and regulatory reporting solution in select global markets. The collaboration brings together Regnology’s expertise in regulatory reporting with Moody’s Analytics’ integrated risk assessment capabilities. The combined solution offers data modelling, best-in-class calculation capabilities, extensive risk coverage and advanced analytics to achieve regulatory reporting excellence…
FCA Criticism of Funds’ SDR Approach Stirs Controversy
The UK regulator has criticised fund managers for failing to abide by interim guidance on ESG disclosures just days before it’s expected to announce details of a formal regulation. But the comments have been met with frustration and caution within the ESG data and technology community, with one practitioner arguing that the Financial Conduct Authority…
Data Benefit of CSDDD at Risk as FIs Seek Exclusion, Experts Warn
The anticipated exclusion of financial companies from the EU’s sustainability due diligence law has stung ESG professionals, with some arguing that an opportunity to improve data quality would be missed. The EU’s executive body, the European Commission (EC), is reportedly ready to cede to requests from parts of the financial sector to be left out…