A-Team Insight Knowledge Hub RTI The latest content from across the platform
US Regulatory Reporting: The Data Management Response
Given the rapid pace of change in the US regulatory reporting landscape in recent years, the banking sector is increasingly required to focus on its data management capabilities in order to meet these requirements effectively. At A-Team Group’s Data Management Summit USA virtual conference last month, Kenneth Lamar, Principal Partner at Lamar Associates, moderated a…
Deutsche Bank Indonesia Teams with Xceptor to Automate Tax Processes for Post-Trade Settlement
Deutsche Bank Corporate Bank has adopted an automated workflow platform for the administration of capital gains withholding tax during the post-trade settlement process in Indonesia. The platform, based on the Xceptor Tax Solution, is aimed at streamlining manual processes and reducing the time to calculate withholding tax amounts down to seconds. Deutsche Bank will also…
Monetary Authority of Singapore Plans Shared Data Platform to Combat Money Laundering
The Monetary Authority of Singapore (MAS) plans to introduce a digital platform and enabling regulatory framework that will allow financial institutions to share data on customers and transactions with the aim of preventing money laundering, terrorism financing, and proliferation financing – a means of raising, moving or making available financing, funds, assets or other economic…
MAS Brings in Final Phase of OTC Derivatives Reporting Rules
The Monetary Authority of Singapore (MAS) has implemented the final stage of its reporting regulations for OTC derivatives under the Securities & Futures Act (SFA). This phase was delayed by a year due to the impact of Covid-19, with the final extension of new reporting obligations coming into force on October 1. The phased in…
MCO Acquires Governor Software, Adds Founder Pike to Payroll
MyComplianceOffice (MCO) has acquired Governor Software, adding the company’s visual mapping of global regulations to its lineup of regulatory data collection and work flow capabilities. Terms of the transaction weren’t disclosed, but it’s understood that Governor was for sale for some time after a planned funding round never materialised due to the global Covid pandemic….
How Blockchain Can Help Reduce the Threat of Trade-Based Money Laundering
By Henry Roxas, Head of Trade Finance, R3. The amount of money laundered globally in a single year has been estimated at as much as $2 trillion. Despite billions of dollars of investment in preventative measures, financial institutions are only managing to intercept less than 0.1% of illicit funds. Evidently, money laundering is a booming…
AutoRek Urges Industry to Prepare for Jan 1 IFPR Start
Automated reconciliations provider AutoRek has warned firms to start preparing their systems for the complex calculations and processes they will need to undertake to be compliant with the UK’s incoming Investment Firms Prudential Regime (IFPR), which go live on January 1 – now less than 100 days away. IFPR is being introduced by the Financial…
UK FCA Targets up to £4 billion of Reporting Costs via Transforming Data Collection Initiative
The Financial Conduct Authority’s involvement in the Bank of England’s Transforming Data Collection Initiative is aimed at reducing industry reporting costs of as much as £4 billion, according to FCA CEO Nikhil Rathi. The initiative – launched in February – aims to deliver improvements in data collection over the next decade. Speaking last week at…
Recorded Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking
Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity…
Manco.Paris Partners with Jump Technology to Offer Managed Front-to-Back Platform for Investment Managers
Manco.Paris, a regulated French Management Company (ManCo) has partnered with Paris-based software vendor Jump Technology, to provide institutional investors with real-time access to their portfolios. The capability – based on Jump Technology’s web-based front-to-back solution – will be offered as part of Manco.Paris’s full range of services, including UCITS or AIFM fund hosting, operational management,…