RegTech Insight ESG The latest content from across the platform
Trade and Transaction Reporting Challenges – EU Demands for US Firms
At the upcoming RegTech Summit New York, William Gates of SmartStream RDU will be enlightening us as to the current challenges around MiFID II and MiFIR for US-based firms; as well as giving a rundown of where we are (as far as anyone can really know!) with Brexit, and what the implications could be for…
MPs Call for Action Over IT Failures, Target Cloud Service Providers
MPs from the influential Treasury Committee have slammed the “unacceptable” level of IT failures in financial institutions, warning that greater penalties should be exerted on institutions that fail to meet requirements and calling for the UK’s three major regulators – the Financial Conduct Authority, Prudential Regulation Authority, and the Bank of England – to be…
FCA Pledges Major Investment in Data Analytics
The UK’s Financial Conduct Authority (FCA) has come in for its fair share of criticism over the years, both in the wake of the financial crisis and in the run-up to Brexit – and as the FinTech revolution sweeps across the global financial markets, the regulator is struggling to find its place in this brave…
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…
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…
RegTech Summit London Fast Approaching – Have You Booked Your Place?
The third annual edition of A-Team Group’s highly sought-after RegTech Summit is nearly here! On October 3, 2019 industry leaders, regulators, practitioners and providers will converge on the etc.venues at St Paul’s London to discuss the most innovative and effective approaches for building a better regulatory environment. This year is our strongest line-up yet, with…
Focus on Resiliency on the Rise as Cyber Threats Grow
By Jason Harrell, Executive Director, Technology Risk Management & Head of Business and Government Cybersecurity Partnerships at DTCC. Resiliency has rapidly moved up industry and regulatory agendas as the threat of material disruption within the financial services sector (“sector”), including the continued growth of cyber threats, has moved from unlikely to inevitable. Resiliency is the…
Q&A: RegTech Firms Should Be Regulated by the FCA, Says Jane Jee
Jane Jee, CEO at Kompli-Global, has some strong views on the current challenges facing the RegTech industry, and what the regulators themselves could do to fix them. Here, she speaks candidly to RegTech Insight about her views on building a robust RegTech industry in a post-4MLD/5MLD (EU Money Laundering Directive) world. What do you consider…
German Government Asks EU to Relax MiFID II
According to an official statement, the German government has asked the EU to ease MiFID II rules following a February 2019 consultation with investment firms and market participants that found “a great deal of discontent” – including around breadth of the provisions, the cost of implementation, the tight timeframe and inadequate coordination with other regulations….