RegTech Insight Blogs The latest content from across the platform
SmartStream Launches New Artificial Intelligence Module
Transaction Lifecycle Manager solutions provider SmartStream Technologies has completed the proof of concept for its new artificial intelligence (AI) and machine learning module, to operate within its existing TLM Cash and Liquidity Management solution for receipts and payments and assist businesses with liquidity risk management and regulatory reporting. Hitherto, the firm has focused on developing…
Legal Compliance Planning Q&A: What Should Your Top AML Priorities Be for 2020?
Every bank needs a law firm, and the legal department is often the silent partner in the compliance dialogue – but their expertise is nonetheless essential. With 2020 on the horizon and regulations such as the EU’s Fifth Money Laundering Directive (5MLD) front and centre when it comes to compliance, many law firms will be…
EBA to Prioritise AML in 2020 Work Programme, ESMA to Focus on EMIR 2.2
The European Banking Authority (EBA) has released its Work Programme for 2020, with a focus on prioritising anti-money laundering (AML) regulations, moving towards an integrated EU data hub, and delivering the new ‘Basel IV’ banking package. The authority plans to work “intensively” on the mandates from the Risk Reduction Measures (RRM) package with a view…
TISA’s MiFID II Technical Solution Gathers Pace, Vendor to be Confirmed by November
TISA, the investing and saving membership alliance, has reported a high-quality response from suppliers to its Request for Information phase towards developing an industry-sponsored technical solution for MiFID II reporting. Part of TISA’s MiFID II Costs & Charges and Target Market reporting project, which is setting standards and developing a governance framework, the technical solution…
Moody’s Analytics Upgrades RiskAuthority Solution to Help Banks Address Final Basel III Rules
Financial intelligence provider Moody’s Analytics has added extra functionality to its RiskAuthority solution to help banks prepare for the final Basel III regulatory framework. The new features are designed to address a number of changes in the final Basel rules, including calculations for Credit Risk, the standardized approach for measuring Counterparty Credit Risk (SA-CCR), and…
A Dive Into the Detail of Sourcing and Managing Data for FRTB
There is no silver bullet for compliance with the Fundamental Review of the Trading Book (FRTB). The data sourcing and management requirements of the regulation are among the most difficult that capital markets participants have ever faced, the cost of implementation can be crippling, and the January 2022 compliance deadline has been finalised. So, how…
Industry Collaboration on RegTech Could Ease Challenges of Adoption
RegTech adoption is challenged by firms having no time for new initiatives, integration problems with legacy systems, and the risk of investing in solutions that aren’t fully proven – but there are upsides to the technology and its acceptance could be accelerated by a vendor checklist of what is required from a RegTech provider and…
The Emerging Challenges of Compliant Communications
At the jam-packed RegTech Summit London held in St Paul’s last week, Paul Liesching, global head of financial markets at Truphone, gave the room a whistle-stop tour of the current key challenges for electronic communication in terms of trade surveillance – and how to fix them. With technology becoming ever more ‘consumerised’ the tools of…
FCA Sets Out Latest Expectations for Firms on Brexit
The UK’s Financial Conduct Authority (FCA) is hustling to keep up with the ever-changing goalposts of the UK’s departure from the EU – and with the political landscape shifting day to day, that is no easy task. In a bid to clarify requirements and calm understandable nerves within the industry, the regulator has issued new…
Managing Regulatory Change and Driving Efficiencies – A Debate
As the volume of regulation continues to increase, with regulators not always managing to achieve consistency across frameworks and jurisdictions, how can financial institutions keep up with the ever-changing requirements – and match compliance needs that can sometimes feel conflicting? In one of the most popular panels of the day at the recent RegTech Summit…