RegTech Insight Blogs The latest content from across the platform
LIBOR Transition and COVID-19: Could a Delay be on the Cards?
By Navin Rauniar, Partner in charge of LIBOR Transition, TCS. Back in March, RegTech Insight explored the relation of FRTB and the LIBOR Transition. There is a strong relationship between both initiatives, and we now find COVID-19 adding further complexity to this relation, especially between the recent delays to the regulatory landscape and the impact…
COVID-19: Regulator Round-up (28 April)
In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…
UK’s Investment Association Selects ipushpull for New FinTech Accelerator
Ipushpull, an enterprise platform allowing secure live data sharing and workflow automation, has been chosen by The Investment Association (IA) to be part of its latest FinTech hub, ‘IA Engine’. The programme connects FinTech innovators with investment managers to develop focused tech solutions. “We are delighted to be part of the IA’s unique programme driving…
FATF Echoes SmartSearch in Call for Digital Onboarding
The Financial Action Task Force (FATF), a multinational body that sets a global approach to fighting money laundering and financial crime, has backed a call by UK-based anti-money laundering software specialist SmartSearch urging businesses to employ digital customer onboarding processes during the coronavirus lockdown. SmartSearch stresses that firms relying “outdated paper-based ID checks” should switch…
IBM and Fenergo Join Forces on Financial Crime
Client lifecycle management (CLM) specialist Fenergo has partnered with IBM for an original equipment manufacturing (OEM) agreement that will allow the two firms to collaborate on the development of new financial risk solutions for their clients that combine Fenergo’s CLM offering with IBM Watson’s anti-money laundering and KYC portfolio. As a result of the partnership,…
SEC Delays CAT Reporting Due to COVID-19 Concerns
The US Securities and Exchange Commission (SEC) has confirmed a delayed start for Consolidated Audit Trail (CAT) reporting, upon condition of compliance with certain other obligations, including milestones related to testing and releases of CAT functionality, as well as all other compliance dates for broker-dealer reporting to the CAT. Although the original reporting deadline for…
Industry Associations Warn that COVID-19 Could Cause Problems for SRD II
The International Securities Lending Association (ISLA) has joined forces with a multitude of other industry associations to urge a 12-month delay in the implementation of the regulation, laid out in an open letter to the European Commission. Currently scheduled to come into force on 3 September 2020, the regulation is an amendment to SRD I…
Evidology Integrates RegTech Platform with Microsoft Office 365
London-based compliance management specialist Evidology Systems has integrated its second-generation RegTech platform QED with Office 365, bringing the visibility of principles-based regulations into daily business workflows. The QED (Quality and Evidence Driven) platform, launched back in November 2019, combines real-time specialist legal opinion with principles-based regulations compliance software. Using an industry-standard visualisation tool and intranet…
FCA Business Priorities Could Be Derailed By COVID-19
The UK’s Financial Conduct Authority has laid out its business priorities for the year ahead, but warns that it will focus on the challenges presented by the coronavirus epidemic, which could lead to a shift in priorities as the year progresses. The FCA identifies four primary objectives for the coming year: including enabling effective consumer…
COVID-19: Regulator Round-up (20 April)
In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…