RegTech Insight Governance The latest content from across the platform
The Regulatory Landscape and Developments in Europe
By Rachel Woolley, Global AML Manager, Fenergo In the 10 years since the global financial crisis, regulatory frameworks around the world have been radically transformed. And although the aim of the overhaul was to improve the resilience of financial institutions and regain investor confidence, it has left many financial organisations grappling with an ever-increasing regulatory…
The Trials, Tribulations and Potential Benefits of FRTB Compliance
Fundamental Review of the Trading Book (FRTB) regulation is more prescriptive than former Basel 2.5 market risk requirements, calls for a consistent workflow across risk, finance and the front office, and needs firms to source previously unused and difficult to find data – challenges that many banks have yet to conquer ahead of the January…
IBM Partners with Thomson Reuters on New AI/Data Combination to Simplify Regulatory Compliance
IBM (through Watson Financial Services) and Thomson Reuters Regulatory Intelligence on Wednesday announced a joint collaboration to help banks address ever-growing regulatory requirements through a new combination of AI and real-time regulatory insights. Financial institutions are faced with hundreds of regulatory alerts daily, with an estimated 300 million new regulations on the way by 2020….
European Parliament Adopts Banking Reform Package – Including Revised Rules on Capital Requirements (CRR II/CRD V) and Resolution (BRRD/SRM)
It has taken almost two years, but the European Parliament on April 16 finally endorsed the banking reform package proposed by the European Commission back in November 2016: covering key elements including the revised rules on capital requirements, and updating the framework of harmonised rules established in the wake of the financial crisis (the so-called…
VIRTUAL ROUNDTABLE: Fundamental Review of the Trading Book (FRTB) – The when, the why and the how…?
With implementation just around the corner, FRTB should be at the top of every bank’s agenda. In advance of A-Team Group’s hotly anticipated Breakfast Briefing on May 14, we gathered together a group of experts to discuss the essential issues and top priorities that firms should be focusing on in the run-up to D-Day… One…
A-Team Insight Launches Comprehensive New RegTech Suppliers Guide
Concerned about meeting your ever more complex regulatory requirements? Confused over the vast array of opaque offerings available? Flummoxed about what your company really needs and where you might find it? Take a deep breath and relax, because help is finally at hand! A-Team Group, via its RegTech Insight channel, is delighted to launch a…
Financial Institutions are Moving Towards Re-engineering Their Risk Management Systems – But at What Cost?
In a volatile market environment and with the edict to “do more with less,” many financial institutions are finally launching new efforts to reengineer their risk management programs, according to a new survey by Deloitte Global – with emerging technologies firmly in the driver’s seat. The report represents the 11th biennial edition of Global Risk Management Survey,…
Risk Management for Crypto-Assets: Where are the Pain Points?
By Phil Cotter, Managing Director of Risk, Refinitiv. The recent warning from the Basel Committee on Banking Supervision (BCBS) relating to crypto-assets has emphasised once again the importance of a robust risk management framework for banks – but what does that mean in practical terms and what are some of the implications? The risks the…
CellTrust Partners with Global Relay for New Voice Recording Solution
CellTrust Corporation, a US-based provider of enterprise mobile communications compliance- capture and security, has teamed up with the Global Relay, which offers compliance archiving, supervision, eDiscovery, and analytics solutions to the financial services industry, to launch a new CellTrust SL2 voice capture solution. CellTrust SL2 captures voice communication and contextual history, provides voice call records…
Data Breaches Up 480% in 2018, but is GDPR Compliance the Answer?
The number of data breaches reported by UK financial services firms to the Financial Conduct Authority (FCA) increased by 480% in 2018, up to 145 up from just 25 in 2017. Is this solely down to the new GDPR regime, or are there a wider problems at play – and how can firms leverage new…