RegTech Insight ESG The latest content from across the platform
Governor Extends Compliance Capabilities with Two New Partnerships
Governor Software, a provider of risk and oversight solutions for financial executives, has had a busy week this week: with the expansion of its live version of the FCA Handbook to include real-time regulatory news from intelligence firm Corlytics, and a new partnership with risk solutions provider Castlehill to offer enhanced integration of legacy governance,…
Six Ways to Stay Ahead of Financial Regulators with RegTech
By Burt Esrig, Managing Director and Michael Lehman, Partner, ACA Compliance The RegTech industry has exploded, with over 250 RegTech businesses worldwide and $1bn invested last year, as firms look to beat the regulators and the competition. But firms still aren’t doing enough. There have been $26 billion in fines for non-compliance with AML, KYC and sanctions regulations over the past decade….
FSB to Focus on Implementation of Reforms in New Works Programme
The UK’s Financial Stability Board (FSB) on February 12, 2019 for the first time ever released its new works programme for the year, outlining a shift away from post-crisis policy design and towards a focus on the implementation and evaluation of the effects of reforms. In particular, the regulator highlights plans for “vigilant monitoring to…
IHS Markit Adds ESG Solution for Private Capital Markets
IHS Markit has introduced an environmental, social and governance (ESG) data collection and reporting solution for private equity (PE) firms, venture capital (VC) firms, their portfolio companies and investors. The solution is part of iLEVEL, a platform connecting participants in private capital markets. ESG reporting in iLEVEL covers 29 metrics relevant to investors seeking data…
FCA Sets Out No-Deal Action Plan for Post-Brexit Transaction Reporting
The Brexit deal may still be up in the air but even as the Government scrambles to resolve a seemingly insoluble impasse, regulators are paddling hard under water to attempt a (relatively) seamless transition should the UK depart on March 29 with no deal. The UK Treasury has drafted legislation giving the FCA temporary power…
No Enforcement Doesn’t Mean No Problem, Warns FCA on MiFID II Compliance
The question of regulatory enforcement is a tough one, and the FCA has come in for its fair share of criticism over how it has handled the compliance requirements for the radical new fee disclosure requirements brought in by MiFID II in January last year. The regulator has been adamant in its stance that MiFID…
RegTech Insight – Keeping Your Finger on the Regulatory Pulse
Welcome to Regtech Insight (RTI), a brand-new platform from A-Team Group bringing you the very latest in news, insights and exclusive analysis from the complex and fast-changing world of regulatory technology. Forming the third pillar of our comprehensive information service, RTI stands alongside Data Management Insight (DMI) and Trading Technology Insight (TTI) to offer a…
Growing Sense of Realism Around RegTech Implementation, Warns Thomson Reuters
There is an emerging sense of pragmatism around the adoption of new technology, according to the latest global survey from Thomson Reuters Regulatory Intelligence, released today. While the potential advantages of FinTech and RegTech are widely acknowledged, there is a growing sense of realism around the implementation challenges and practical reality of achieving the promised…
US Regulators Urge Innovation to Combat Financial Crime
A group of US regulators have banded together to support the use of technology and innovation by financial institutions to meet their Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance obligations, effectively fighting financial crime and strengthening the financial system against illicit activity. The Board of Governors of the Federal Reserve System, the Federal…
FSB Publishes Cyber Lexicon in Response to G20 Request
The Financial Stability Board (FSB) has published a Cyber Lexicon comprising a set of about 50 core terms related to cyber security and cyber resilience in the financial sector. The lexicon is a result of industry consultation and is designed to support the work of the FSB, standard-setting bodies, authorities, financial institutions and international standards…