CAT NMS has selected the Financial Industry Regulatory Authority (FINRA) as plan processor for the consolidated audit trail (CAT), having dumped previous plan processor Thesys Technologies earlier this year. CAT NMS, which is responsible for implementation of the CAT, has also released updated industry member technology specifications and industry member technical specifications scenarios.
A-Team Insight Briefs
CAT NMS Names FINRA as Plan Processor for the CAT after Dropping Thesys
Sanctions screening at the security level is a relatively recent requirement for the buy-side. It dives deeper than traditional KYC and AML screening and is immensely challenging as firms must monitor frequently changing sanctions lists, source up-to-date sanctions data and beneficial ownership data, and integrate these to screen growing lists of potentially sanctioned securities. As...
Given the rapid pace of change in the US regulatory reporting landscape in recent years, the banking sector is increasingly required to focus on its data management capabilities in order to meet these requirements effectively. At A-Team Group’s Data Management Summit USA virtual conference last month, Kenneth Lamar, Principal Partner at Lamar Associates, moderated a...
Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...