The UK’s financial overseer has urged firms to review their use of data to improve their diversity and inclusion performance. Sheldon Mills, the Financial Conduct Authority’s (FCA) executive director for consumers and competition said firms are focusing too closely on gender and diversity, rather than socio-economic data. The call follows the FCA’s announcement that it would form a code of conduct for ESG ratings firms.
Many insurance companies and asset managers scrambled to meet the January 2016 implementation deadline for Solvency II. But now the pain begins as firms look toward longer-term solutions to managing data for reporting and compliance to take place of the short term workarounds. We discuss how January went and what the outlook is for the...
Sustainability data and RegTech provider Diginex’s recent acquisition of The Remedy Project labour and human rights advisory illustrates how ESG is transforming from an investment strategy to a risk mitigation objective among financial companies. The London-based company, which last year purchased sustainability data and analytics provider Matter DK, anticipates that the The Remedy Project’s expertise...
Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.
The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...