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ESMA Good Practices Statement Hides a Warning on Pre-Close Calls
ESMA recently published a statement titled Good practices in relation to pre-close calls. The statement was prompted by media reports and verification by National Competent Authorities (NCAs) of a link between pre-close calls between issuers and analysts and subsequent volatility, in some cases raising suspicion about possible unlawful disclosure of inside information. It should be…
ESMA Good Practices Statement Hides a Warning on Pre-Close Calls
ESMA recently published a statement titled Good practices in relation to pre-close calls. The statement was prompted by media reports and verification by National Competent Authorities (NCAs) of a link between pre-close calls between issuers and analysts and subsequent volatility, in some cases raising suspicion about possible unlawful disclosure of inside information. It should be…
Adopting a Principles-Based Framework for AI Governance
Governance in IT is a well-established discipline underpinned by multiple standards from international and national organisations like ISO, IEC and AICPA. What these standards share is a principles-based approach to the implementation of standards within the organisation. A new governance framework to cover emerging AI technologies is not just a necessity but an urgent need….
SteelEye Survey Finds Compliance Investment Falling while Regulatory Demands Continue to Rise
Compliance teams are facing escalating pressures driven by greater regulatory scrutiny and macroeconomic challenges, according to the 2024 Annual Compliance Health Check Report from SteelEye’. This is the third Annual Compliance Health Check report which surveyed over 400 senior compliance decision makers at financial institutions across major financial centres in the US, UK, APAC, and…
Dow Jones Risk & Compliance Deploys Generative AI to Transform Due Diligence
Dow Jones Risk & Compliance has launched an AI-powered research platform to help clients reduce the time and effort in building investigative due diligence reports from multiple sources. The new offering aims to reshape compliance workflows, creating an additional layer of investigation that can be deployed at scale. Dow Jones Integrity Check is an automated…
T+1 and Voice Analytics to Feature at Symphony Innovate 2024 (NYC)
A-Team Group recently caught up with Ben Chrnelich, President and CFO of Symphony Communications to discuss how their Enterprise Collaboration and Workflow platform is helping firms prepare for T+1 – which goes live on May 28, and the significant uptick in e-comms messaging volume over their Federated Communications offerings. Both of these core offerings will…
Verdane Takes Majority Stake in Regulatory Intelligence Specialist Corlytics
Specialist growth investor Verdane has taken a majority equity stake in regulatory intelligence provider, and has committed to accelerating organic growth and M&A, building on Corlytics’ client base of 40% of the top 30 Systemically Important Financial Institutions (SIFIs). The transaction, which was managed by investment bank Baird, is a cornerstone investment from Verdane’s newly…
Corporater Unveils Business Process Management for Enhanced GRC and Performance Management (GPRC)
Corporater, a global leader in software solutions for Governance, Risk, and Compliance (GRC) and Performance Management (jointly addressed as GPRC), is proud to announce the launch of a new Business Process Management Engine. First introduced in the Nordic market, this significant functional addition is now available globally. Digital GRC programs are being challenged by evolving…
ValidMind Secures $8.1 Million for Model Risk Management and AI Governance Solutions Development
ValidMind has secured $8.1 million in a seed funding round. The investment will focus on developing model risk management and AI governance within the banking and financial services sectors. The company says the seed round was over-subscribed, demonstrating support from investors in its long-term vision to be the certifying authority for all AI solutions, starting…
NICE Actimize ARCHIVE-X Offers Single Source Regulatory Record Keeping
NICE Actimize has released ARCHIVE-X, a cloud-based, all communications archiving and records management solution that provides buy-side, sell-side and online trading platforms with one solution to support regulatory requirements for communications archiving and records management. The aim is to help financial institutions achieve more robust records lifecycle management and reduce compliance risk by archiving all…