RegTech Insight Blogs The latest content from across the platform
Concern Remains as Delay, Revision and Data Hang Over FRTB
The proposed Fundamental Review of the Trading Book (FRTB) was formulated to protect banks against a repeat of the devastation caused to the sector during the 2008 financial crisis. Initially suggested in 2012, it was drawn up in 2016 by the Basel Committee on Banking Supervision (BCBS), and revised in 2019 with a view to…
Asset Managers Are Rising to the ESG Disclosure Challenge
Asset managers are playing a more prominent role in developing the ESG data sourcing and reporting space, even as regulations make it more difficult for them to honour their own disclosure obligations. With responsibility for the careful investment of trillions of dollars of capital, managers are becoming proactive in seeking data from corporates and identifying…
Getting Real About Perpetual KYC
Perpetual KYC, or pKYC, has the potential to revolutionise financial crime compliance. But practitioners and vendors need to be realistic about what can be achieved. It is easy to see why financial institutions are enthusiastic about pKYC. A new report by PwC suggests banks can reduce their KYC costs by up to 80% across the…
Regulatory Change Management – What Does the Future Hold?
The ability of financial institutions to respond successfully to regulatory change is essential to ensure the integrity of the financial services industry. Yet operating the requisite change management programmes can often prove costly and onerous. On a recent A-Team Group webinar, a group of industry experts shared their unique thoughts on how to approach an…
Fidelity Investments Launches RegTech Business to Address Communications Compliance
US asset manager Fidelity Investments has created a new business unit focusing on helping clients manage their public communications in a fully compliant way. The new unit – Saifr – offers human augmentation tools to help financial institutions create, review, and approve public communications to mitigate brand, reputational, and regulatory risk. Saifr emerged from Fidelity…
ESG Reporting Has Come a Long Way, but Has Further to Go
Huge steps have been made in recent years to bring ESG reporting standards up the level of reported financial information – but there’s a long way to go yet. A shortage of data, a lack of harmonisation on standards and the sheer number of vendors are among the key challenges facing the industry as regulators…
Surveillance Platform Operator Shield Raises $15 Million to Fund Sales Expansion
Tel Aviv-based surveillance system provider Shield has raised $15 million to expand its global sales teams and expand its capabilities. The series A funding round was led by Macquarie Capital and OurCrowd. Founded in 2018, Shield uses artificial intelligence (AI) and natural programming language (NPL) to identify market abuse and conduct issues. Its platform monitors…
‘S’ Set to Emerge From E’s Shadow in 2022, But Concerns Remain
Social impact investing is set to emerge as a driving force in sustainable finance this year, with financial institutions expected to consider more than just climate risk in their investment decisions. Data vendors and ratings companies forecast that social factors will become more important in 2022 and that regulators will begin placing more focus on…
EU Asserts ‘Strategic Autonomy’ in Post-Brexit Regulatory Landscape
With Brexit now ‘done’, the EU is taking stock of its regulatory environment as it settles down to life without the UK and its all-important financial capital London. The EU will spend 2022 setting out its regulatory stall as the UK seeks to differentiate itself from its former stablemates. What’s emerging is a multi-pronged regulatory…
The View in 2022 – Another Pivotal Year in ESG
In many ways 2021 was a watershed year for ESG. The European Union’s implementation of Sustainable Finance Disclosure Regulation (SFDR) began in earnest and other regulators around the world – especially in the UK – indicated they may soon follow suit. The COP26 United Nations climate summit later in the year provided a galvanising impetus…