RegTech Insight Blogs The latest content from across the platform
How Can Firms Prepare for the CFTC Rewrite?
By Leo Labeis, CEO, REGnosys. The Commodity Futures Trading Commission’s (CFTC) rewrite of swaps reporting rules – known as the ‘CFTC Rewrite’ – is one of several upcoming changes to global trade reporting regimes. Earlier this year, it extended the deadline for financial institutions to comply from May 25, 2022, to December 5, 2022. The…
ESMA and IIF Focus Their Targets on Frustration Over ESG Ratings and Data
The European financial regulator and an Institute of International Finance (IIF) have called for an urgent rethink of ESG ratings and data, saying that the need for accurate sustainability information is becoming more pressing as climate change accelerates. The European Securities and Markets Authority (ESMA) has weighed in on ratings providers, saying that respondents to…
Leveraging NLP for Regulatory Compliance
Natural language processing (NLP) is being used to accelerate every step of the compliance journey, from identifying relevant regulatory updates to understanding their content to mapping the changes onto internal infrastructure, according to panellists on a recent A-Team Group webinar, ‘Leveraging NLP for regulatory compliance’. Key takeaways included: Many firms have yet to recognise the…
Vendor Strategy: Rimes Leverages Data Management Expertise to Take on ESG
Integrating ESG data into traditional data management systems may be akin to fitting the proverbial square peg into a round hole, but it’s a challenge that financial institutions are having to confront every day. There are established workarounds, but they rely on a confluence of expertise in ESG and regular financial data. And there’s the…
Broadridge SFDR Solution Takes EET Closer to Universal Use
European ESG Templates (EETs) are fast becoming the go-to means for companies to report their sustainability performances. The digital documents that provide a means for firms to comply with the European Union’s Sustainable Finance Disclosure Regulation (SFDR) form the basis of a growing number of reporting solutions. One of the most recent, by Broadridge Financial…
Plenitude Targets Financial Crime Risk with ClientSight CRR Solution
Financial crime risk specialist Plenitude has launched ClientSight, a cloud-based client risk rating (CRR) solution. The platform is aimed at helping financial institutions, fintechs and professional services firms to assess the financial crime risk of both individuals and entities. ClientSight seeks to address regulators’ heightened activity around financial crime and sanctions. CRR is a key…
Nasdaq Looks to Long-Term ESG Evolution with Metrio Purchase
Nasdaq has sought to future-proof itself for growth in the sustainability data market with the acquisition of ESG metrics software provider Metrio. The American capital markets services giant purchased the Montreal, Canada-based company earlier this month, and will make the technology available to Nasdaq clients, enabling them to gather, process and publish data on their…
SIX Extends ESG Data Provision Through Partnership with Climate Specialist Urgentem
SIX has extended its provision of ESG data through a partnership with Urgentem, a provider of carbon emissions data and climate risk analytics. The data is available immediately and is expected to help SIX clients meet climate related requirements such as regulatory reporting of emissions data, tracking alignment to climate goals, and stress testing. The…
The Current State of Play in Transaction Reporting: Herding Cats in a Hurricane
Regulated firms trading in markets globally are bracing themselves for what’s been termed a ‘sea change’ in regulators’ approach to transaction reporting. Having introduced the requirement to provide detailed transaction reports to market through prescribed reporting vehicles over the past few years, some key regulators – including ESMA, CFTC and MAS – are reviewing their…
The Challenges in ESG Reporting Frameworks, According to Experts
Financial institutions face a mountain of challenges in formulating an ESG reporting framework as they strive to put in place processes to meet a growing body of regulatory obligations. A lack of disclosed data from investee companies, the multitude of vendors needed to source enough relevant information, the lack of a standardised global reporting framework…