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FRTB Calculation Debates Centre on Style, When They Should be Focusing on Substance
By Tim Versteeg, Managing Director of APAC at NeoXam. It’s been a turbulent few years for financial institutions when it comes to regulations, and 2020 is no different. With FRTB set to come in at the end of the year, financial institutions are devoting significant time and resources to comply with the regulation. For the…
Creator of SOTERIA Branches Out with New Agnostic Audio Assurance Offering, as Regulatory Focus Sharpens
Insightful Technology, the RegTech specialist most recently known for creating Communication compliance and surveillance SaaS solution, SOTERIA, has spread its wings today with the launch of the first agnostic stand-alone product outside of the core offering. Audio Assure, a solution that enables automated and accurate audio testing, as well as the monitoring of line operations…
AML Fines Increase by 160%, Finds Fenergo
Between October 2018 and December 2019, regulators across the US, Europe, APAC and the Middle East have levied over $10 billion in financial penalties against financial institutions for AML/KYC and sanctions-related violations and a further $82.7 million for data privacy and MiFID violations, according to Fenergo’s latest analysis of global regulatory fines for AML, KYC,…
RegTech Summit Goes Virtual!
Following the phenomenal success of the upcoming Data Management Summit Europe Virtual, set to broadcast 22-24 April and with registered delegates already nearing a record-breaking 750, we are beyond excited to be launching a similar RegTech Summit Virtual in June 2020: bringing you all the insights and expertise of the longstanding and market-leading A-Team Group…
ESMA Relaxes Best Execution Reporting Requirements in Response to COVID-19
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has relaxed its requirements regarding the publication by execution venues and firms of the general best execution reports required under RTS 27 and 28 of MiFID II, in light of the COVID-19 pandemic. In a statement issued on 31 March, the regulator noted…
New Zealand Regulator Goes Digital
The Financial Markets Authority (FMA) New Zealand has confirmed that it will engage with regulated firms and market participants exclusively via remote technology for the foreseeable future. “Our offices remain open and we encourage people to contact us with concerns or questions, as well as any suggestions on how we can assist you,” said the…
Success for Exactpro on Testing for Live Digital Derivatives Platform ZUBR
Exactpro, a specialist , ex-LSE Group firm providing independent functional and non-functional testing, has successfully finalised full software testing of the live digital derivatives platform ZUBR Exchange ahead of its launch. Exactpro’s testing was aimed at providing transparency to ZUBR’s clients and investors, and has ensured robust trading and risk engine performance. The ZUBR testing…
Financial Markets Operations Response to COVID-19: Best Practices for Working from Home
The COVID-19 pandemic is disrupting all walks of life, and carries with it implications for society beyond even the obvious and immediate health impact. Business is being hit across the board, with many corporations sending staff home in an effort to keep them both safe and working. It’s clear that firms can’t rely on a…
Not So Harmonious After All: Accommodating AnaCredit’s Maturing Requirements
By Frederic Bernard, Manager EMEA Capital & Credit, AxiomSL. In response to the credit crisis, the European Central Bank (ECB) launched the Analytical Credit Dataset (AnaCredit) project in 2011 to create a harmonized database and framework of rules regarding the credit exposure of credit institutions and other loan-providing financial firms. Yet since the inception of…
Compliance.ai Launches Insurance RegTech Solution in Response to COVID-19
Compliance.ai has announced comprehensive coverage for insurance-related regulatory content on its platform, which automates the complex steps within the regulatory compliance process for banks, financial services and insurance companies. The move comes in response to a rapid influx of new claims and actions in the US as a result of COVID-19, especially in the US,…