Data Management Insight Regulatory Compliance The latest content from across the platform

Recorded Webinar: FRTB: Laying the groundwork for compliance

The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has never previously been required mean firms should already be identifying tools, solutions and…

FSB Suggests Reducing Cost of LEIs in Response to Review Finding LEI Coverage too Low

The Financial Stability Board’s (FSB) latest review of the Legal Entity Identifier, a Thematic Review on Implementation of the Legal Entity Identifier (LEI),   offers an ‘I said so’ to the sceptics, but also recommendations that should benefit firms using the LEI and encourage further take-up that will drive data standards, quality and accuracy across the…

Refinitiv Deploys Trulioo Digital Identity Verification Technology to Strengthen Fight Against Financial Crime

Refinitiv and Trulioo, a provider of digital identity verification technology, have partnered to offer access to digital identity solutions that could strengthen the fight against financial crime and foster financial inclusion. The partnership plans to deliver innovative solutions that will help financial institutions reduce fraud and financial crime by verifying billions of customers online while…

SS&C upgrades Advent solutions

SS&C Technologies has released version 19.1 of its Advent portfolio management solutions. The Advent products, acquired in 2015, include Advent Portfolio Exchange (APX), a portfolio accounting and reporting solution that includes a new API for portfolios and token-based authentication capabilities. APX regulatory reporting is also improved. Advent Genesis, a cloud-based rebalancing, portfolio construction and trade…

FRTB 2022 Deadline Proves Tricky for Firms and Regulators

Global regulatory implementation of the Basel Committee on Banking Supervision’s (BCBS) Fundamental Review of the Trading Book (FRTB) may be unevenly paced, creating challenges for financial institutions and regulators alike. FRTB was introduced to fix problems that both regulators and the industry perceived with so-called ‘Basel 2.5’ market risk changes, which were put in place…

Why You Need to Take Tech Seriously When It Comes to KYC

By Wayne Johnson, CEO & co-founder, encompass corporation. At the heart of any strong Know Your Customer (KYC) or Anti-Money Laundering (AML) programme is data. The ability to access and analyse information in a methodical way that ensures customer records are complete, accurate and, crucially when it comes to AML, compliant with the latest requirements,…

Fenergo Offers Client Onboarding Efficiencies with API-based Digital Client Orchestration

Fenergo continues to innovate with Digital Client Orchestration, a suite of customer lifecycle management (CLM) tools the company claims can enable efficiencies of up to 82% in client onboarding. The solution uses APIs to allow Fenergo functionality to be plugged into any front, middle or back office system including customer relationship management applications, such as…

How to Source and Manage Data for FRTB – The Challenges and Opportunities

Sourcing and managing data for Fundamental Review of the Trading Book (FRTB) compliance is no mean feat, but there are options and choices to be made as firms within the scope of the regulation build out compliance programmes ahead of its January 2022 deadline. A panel session at A-Team Group’s recent FRTB briefing in London…

GLEIF Partners XBRL to Offer Benefits of Embedding LEIs in Machine-Readable Financial Documents

The Global Legal Entity Identifier Foundation (GLEIF) continues to add use cases of the LEI beyond regulatory compliance, this time through a partnership with XBRL International that allows LEIs to be embedded in digital, machine-readable financial documents. Demonstrating the partnership, the GLEIF has published its 2018 annual report in human and machine-readable Inline XBRL and…

An Update on the LEI – Where Are we Now?

There are mixed views in our industry about the success of the Legal Entity Identifier (LEI) – questions about lapsed identifiers, comments on a slow rate of adoption, and calls for more regulatory mandates requiring use of the LEI. There are also some tremendous successes in countries such as India, which is not a member…