RegTech Insight Blogs The latest content from across the platform
Banks Raise Concerns Over Compliance in New Covid Study
A new survey from StarCompliance measuring the impact of the coronavirus pandemic on global compliance has found that a majority of banks are unsatisfied with their current compliance programs: primarily due to the processes and systems they have in place to manage them, as well as the complexity of operation related to dealing with clients…
EBA Seeks to Reduce Reporting Costs for Financial Firms
The European Banking Authority (EBA) is exploring ways to streamline supervisory reporting requirements and reduce reporting costs for financial institutions, especially smaller ones, as part of its drive to create a more “proportionate” regulatory and supervisory framework. Common supervisory reporting was first introduced in the EU back in 2013, and the EBA is mandated by…
FINRA CAT: What’s Next?
By Andrew Pheifer, CFA, CAIA, Director, EMS Product Management, SS&C Eze. The long-awaited Consolidated Audit Trail (CAT) is now live, ingesting billions of equity transactions daily from U.S. broker-dealers (Industry Members). The go-live has largely been considered a success, with more than 1,000 broker-dealers reporting into the CAT. The CAT’s origins date back to 2012…
Broadridge Announces Record New Signings as SRD II Deadline Approaches
In response to the upcoming September 3, 2020 deadline for the European Commission (EC)’s updated Shareholder Rights Directive (SRD II), Broadridge Financial Solutions this week confirmed a record number of new signings for its SRD II solution. “We are witnessing strong demand, and we are market-ready with our end-to-end solution across the shareholder communications chain,” says…
Evidology Integrates with MS Teams
Evidology Systems, provider of the principles-based QED platform, is now fully integrated with Microsoft Teams, enabling sustained management of regulatory compliance from within the application for the first time. Building on QED’s integration with Microsoft Office 365 back in April, compliance with regulations such as FRTB, SMCR, PSD2, and GDPR can now be tracked and…
COVID-19 Effects on NSFR Reporting: Financial Institutions Must Set Sail Strategically Amid Choppy Seas
By AxiomSL. Concerns that effects of the COVID-19 pandemic could lead to a global liquidity crisis have caused a surge in regulatory requirements for liquidity monitoring and reporting that have hugely strained financial institutions. Meeting the net stable funding ratio (NSFR) lies at the heart of this operational and strategic challenge. New Standards On The…
Regulation Best Interest: A New Standard for US Brokers
The US Securities and Exchange Commission’s Regulation Best Interest—or Reg BI— officially came into effect on June 30, 2020. Brokerage firms now have to comply with a whole new standard of conduct when dealing with retail clients, in one of the biggest regulatory shake-ups for the US market in years… but there have been concerns…
Why Is Now the Time for the Financial Markets to Focus on Collaboration Compliance?
By Phil Fry, VP of Financial Compliance Product Strategy at Verint. The seismic impact of the pandemic has seen many banks and financial institutions ramp up their use of next-generation communication solutions, to assist their employees to work from home and alternative locations. During lockdowns, trades and client orders, that were traditionally executed at corporate sites, moved…
SFTR Reporting Goes Live – But Is the Industry Ready?
The first deadline for new transaction reporting under the UE’s SFTR went live on July 13, and while the first phase seems to have come off relatively smoothly, there are still some concerns around the readiness of the financial services industry when it comes to the reporting process. “Whilst [this] marks the first deadline for…
The Results Are In… Trading Tech Insight Awards USA 2020
The A-Team Group Trading Tech Insight Awards USA winners were announced this week in the second year of the North American edition, and while we were sad not to be able to hold our usual glittering reception to celebrate the winners, their achievement is no less redoubtable. US market practitioners and suppliers are facing unique…