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PRA110: Now is the time
The UK Prudential Regulation Authority’s new PRA110 liquidity framework comes into effect on 1 July 2019. Compared to other liquidity templates, PRA110 is significantly more granular and requires more frequent reporting. Effective implementation, however, offers financial institutions the opportunity to raise their liquidity standards; improve their access to vital data; and add genuine commercial value….
AxiomSL Achieves ISO Certification
AxiomSL, a global provider of regulatory-reporting, risk and data-management solutions, has received ISO/IEC 27001:2013 certification (known as ISO 27001). The certification covers AxiomSL’s core software and ControllerView flagship product, its system development, professional and client support services and company operations. It also covers AxiomSL’s cloud-based solutions, operations and client support. Companies receive this certification following…
Accuity Adds AI to Financial Crime Compliance Screening
Accuity has introduced an AI-driven account screening capability, Firco Automated Alert Reduction, aimed to increase accuracy in detecting and evaluating screening matches during Know Your Customer (KYC) processes. The solution results from Accuity’s acquisition of Safe Banking Systems in July 2018 and has been optimised through integration with WorldCompliance data. Rather than leaning on manual…
MiFID II Transaction Reporting Requirements Posing Big Problem for Investment Firms
Over 1,000 investment firms identified problems with their MiFID II transaction reporting requirements in 2018, according to regulatory consultancy Bovill – raising questions around how well the industry is really adapting to the complexities of the new regime. A Freedom of Information request found that a total of 1,335 notifications of inaccurate transaction reporting were…
TradeChannel Joins Forces with UnaVista for SFTR Reporting
Software specialist TradeChannel, part of Compliance Solutions Strategies (CSS), has joined the UnaVista Partner Programme to support clients in meeting the extensive and complex demands of the upcoming Securities Financing Transactions Regulation (SFTR). “With EMIR and MiFID II we have seen how regulatory changes affects our clients and their data needs,” says TradeChannel CEO Mikkel…
Sequantis Expands RegTech Offering
Sequantis, the French specialist in services and tools to help investors effectively monitor their financial investments within the accounting and regulatory rules framework, has announced the expansion of Sequantis Look-Through (LT), its RegTech company. With expertise in regulations analysis and compliance assistance, Sequantis LT was founded by Sequantis partners Nicolas Fournier and Olivier Durquety. The…
Cappitech Launches New MiFID II Market Intelligence Product
Cappitech, an Israeli provider of regulatory reporting and intelligence solutions, on April 15 announced the launch of RTS 28 Market Intelligence, an electronic surveillance and analytics tool to assess firms’ best execution capabilities across all asset classes and benchmarks performance to the industry average. The new tool, says the firm, will enable financial institutions to…
KRM22 Launches Conduct Risk Training Offering through Global Risk Platform
KRM22, a technology and software investment company focusing on risk management in capital markets, today announced a new partnership agreement with Dutch online training firm Entrima to make its online training portal, the Market Abuse Centre, available to buy through the KRM22 Global Risk Platform. The three training programmes available are SMCR, Market Abuse and…
Australia To Invest $390m in Financial Regulation
Australia’s new budget will include an additional AUD550 million ($390 million) to boost funding for policing the country’s financial sector, according to Reuters, citing Treasurer Josh Frydenberg. The funds will finance the implementation of recommendations issued earlier this year by a government-appointed Royal Commission enquiry into financial sector greed and malpractice. The recommendations include a…
SFTR Legislation Enters Official Journal of the EU
The seven delegated regulations and three implementing regulations comprising Securities Financing Transactions Regulation (SFTR) level II legislation were published in the Official Journal of the EU on March 22, 2019, making the regime legally binding. According to the International Securities Lending Association, the reporting obligations deadlines will be as follows: April 11, 2020, reporting obligation…