Editor’s pick
Get Ready for RegTech New York
Following the success of the third annual RegTech Summit London, held at etc.venues St Paul’s last week to a crowded room and an excellent turnout, the focus now turns to the other side of the Atlantic – with A-Team Group’s RegTech Summit New York set to be its biggest and best yet. With an agenda...
Top Blogs
A Dive Into the Detail of Sourcing and Managing Data for FRTB
There is no silver bullet for compliance with the Fundamental Review of the Trading Book (FRTB). The data sourcing and management requirements of the regulation are among the most difficult that capital markets participants have ever faced, the cost of implementation can be crippling, and the January 2022 compliance deadline has been finalised. So, how...
Industry Collaboration on RegTech Could Ease Challenges of Adoption
RegTech adoption is challenged by firms having no time for new initiatives, integration problems with legacy systems, and the risk of investing in solutions that aren’t fully proven – but there are upsides to the technology and its acceptance could be accelerated by a vendor checklist of what is required from a RegTech provider and...
The Emerging Challenges of Compliant Communications
At the jam-packed RegTech Summit London held in St Paul’s last week, Paul Liesching, global head of financial markets at Truphone, gave the room a whistle-stop tour of the current key challenges for electronic communication in terms of trade surveillance – and how to fix them. With technology becoming ever more ‘consumerised’ the tools of...
Latest briefs
Clausematch Enters Italy with Banca Intesa Sanpaolo Partnership
Following a meeting at a FinTech Innovation Lab hosted by Banca Intesa Sanpaolo, the bank has implemented implemented the ClauseMatch platform within its Cost Management Office governance area. An advanced online document management and collaboration solution, the space is designed to optimise and streamline the process of creating and managing intra-group service contracts.
ACA Compliance Opens New Office in Birmingham
GRC tech specialist ACA Compliance has expanded its European presence with an office in Birmingham, UK. Key to the services offered from the new location will be ACA’s Analysis and Review Centre (ARC). The ARC helps to reduce the workload of Chief Compliance Officers (CCOs) and in-house compliance teams by allowing them to pass on…
SmartSearch Wins Equity Investment
RegTech software provider and AML specialist SmartSearch has received a growth equity investment from Marlin Equity Partners, a global investment firm with a substantial software funding track record. SmartSearch enables organisations to carry out AML checks without requiring clients to provide identity documents. Its automated verification approach allows individual AML checks to be processed in…
FSB publishes UPI governance arrangements
The Financial Stability Board (FSB) has published a report on governance arrangements for the Unique Product Identifier (UPI). The UPI will uniquely identify the product involved in OTC derivatives transactions reported to trade repositories. This will help authorities aggregate data on OTC derivatives transactions by product, allowing the effective use of OTC derivatives trade reporting…
BIS Releases Basel III Monitoring Report 2019
The Basel Committee’s latest Basel III monitoring exercise shows that on a fully phased-in basis, the capital shortfalls at the end-December 2018 reporting date are €23.5 billion for Group 1 banks at the target level. These shortfalls are almost 75% smaller than in the end-2015 cumulative QIS exercise, thanks mainly to higher levels of eligible…
FCA Finds MiFID II Research Unbundling Rules Working Well for Investors
Multi-firm review findings published this week by the FCA has found that, post-MiFID II, most asset managers have chosen to pay for research from their own revenues, instead of using their clients’ funds. Firms have also improved their accountability and scrutiny of both research and execution costs, including where firms have chosen to charge research…
Firms Still Uncertain About Libor Transition
Although four out of five financial providers have Libor transition plans in place, just 18% say their plan is mature, while only one in five say they are operationally ready for the change – according to the Accenture 2019 Libor Survey. Almost half (41%) do not feel they have a unified and consistent approach to…
RegTech Spending to reach $127bn by 2024, Says Juniper
New data from Juniper Research forecasts that the value of RegTech spending will exceed $127 billion by 2024, up from $25 billion in 2019. This growth will be driven by a dramatic rise in the automation of resource-intensive tasks, such as those involved in KYC (Know Your Customer) checks and increasing use of AI in…
Luxoft Forms Strategic Alliance with Fenergo
Luxoft, a DXC Technology company, has become a Global Platinum Member of client lifecycle management (CLM) specialist Fenergo’s partner ecosystem. Luxoft will offer Fenergo’s client community members professional consulting services to enable the rapid systems integration and deployment of Fenergo’s platform and suite of digital capabilities. The Fenergo ecosystem currently consists of 300 global organisations,…
Compliance.ai Launches Premium Content
Compliance.ai has launched Premium Content, a new offering to help compliance professionals keep up with banking and financial regulations. The service provides users with access to contextualized regulatory subscription content including legal interpretations of regulations, publications from law firms, compliance manuals, guidance from content publishers and industry experts, online compliance training as well as subscription…
AkinovA Deploys Trading Platform on OpenFin
AkinovA, an electronic marketplace for the transfer and trading of re/insurance risk, has selected OpenFin for the deployment of its trading platform. The integration with OpenFin allows users to access the AkinovA marketplace with an easy-to-use interface that looks and feels like a native app experience while enabling instant deployment and upgrades. AkinovA is the…
SEC Further Delays Rule 606
On September 4, in response to a new request from the Financial Information Forum and the Security Traders Association, the SEC extended the compliance deadline for Rule 606 amendments. This represents the second extension for the routing practices regulation, which was first proposed in November 2018 with an original deadline of May 2019, and subsequently…
FRTB Impact a Triple Threat, Finds ISDA
Final market risk capital rules will lead to a higher increase in bank capital requirements than previous estimates given by international regulators earlier this year, an undisclosed industry study has found, as reported by Risk.net – leading to concerns that the capital hike could force firms to scale back trading activities to meet the new…
New Money Laundering Division for FinCEN
The US-based Financial Crimes Enforcement Network (FinCEN) has launched its Global Investigations Division (GID), which will be responsible for implementing targeted investigation strategies rooted in FinCEN’s unique authorities under the Bank Secrecy Act (BSA) to combat illicit finance threats and related crimes, both domestically and internationally. Matthew Stiglitz, a former Principal Deputy Chief in the…
Australian and Singaporean Benchmarks Achieve EU Equivalence
From August 19, 2019 the legal and supervisory frameworks of Australia and of Singapore are held as equivalent to the EU benchmark regime, according to recent decisions published in the Official Journal of the European Union. The decisions are applicable to the administrators of financial benchmarks that are declared significant benchmarks by the Australian Securities…
Latest people
IHS Markit Expands SFTR Team
IHS Markit has boosted its SFTR coverage yet further with the hire of Rashid Ali (formerly of State Street) as Director and Lead Business Analyst for STFR and Que-Phuong Dufournet (previously with Morgan Stanley) as Director, SFTR regulatory affairs. Stuart Day, who left the firm to join a hedge fund last year, has also returned…
Carlo di Florio Joins ACA Compliance Group
Carlo di Florio has joined ACA Compliance as Global Chief Services Officer. He joins from FINRA, where he served as Chief Risk & Strategy Officer and as Co-Chair of the FINRA360 Project Management Office. Prior to joining FINRA, di Florio served as Director of the SEC’s Office of Compliance Inspections and Examinations, where he oversaw…
TP ICAP Hires Head of Compliance
Intermediary giant TP ICAP has appointed senior US regulator Amir Zaidi as its new global head of compliance. Zaidi previously spent nine years with the US Commodities Futures Trading Commission (CTFC), which regulates the US derivatives market – most recently as Director, Division of Market Oversight. He also worked as Legal Counsel & Policy Advisor…
Revolut Hires Financial Crime Head
Digital challenger bank Revolut has hired Philip Doyle as its new head of financial crime. His previous roles include head of financial crime at UK-based clearing bank ClearBank and fraud prevention manager at Visa. The new hire comes following recent queries by UK regulators around Revolut’s money laundering controls, amid a record number of complaints…
Scope Markets Hires New Head of Compliance
Eliza Eliadou has joined Scope Markets, an online institutional trading platform, as its Group Head of Compliance. Eliadou joins from London Capital Group, where she worked for two years starting in 2017. She was formerly with global brokerage firm easyMarkets. Scope Markets is in a period of expansion, in July teaming up with Gold-i, a…
Gresham House Appoints Head of Compliance
Alternative asset manager Gresham House has appointed Geoff Lambert as Head of Compliance, effective from August 19, 2019. Based out of the firm’s London office, Lambert will report to Samee Khan, General Counsel and Company Secretary of Gresham House. Lambert joins Gresham House from Nikko Asset Management Europe (NAME), where he led the compliance team…
Samantha Miller Joins Visible Alpha as CPO
MiFID II investment research specialist Visible Alpha has appointed Samantha Miller to the newly created post of Chief Product Officer. Miller joins from Dun & Bradstreet where she was Vice President of Global Product Portfolio Strategy and Management. Prior to Dun & Bradstreet, she led a division at LexisNexis as a General Manager and VP…
Garry McClure Joins Delta Capital as Head of KYC
Garry McClure has joined the London office of financial services professional services firm Delta Capital to head up the firm’s KYC business, starting from September 2019. McClure was a previously a managing director at HSBC responsible for global KYC operations across investment, commercial and retail banking. Prior to that he headed up client onboarding at…
First Derivatives Founder Brian Conlon Dies
Brian Conlon, the Northern Irish founder and CEO of the £1 billion+ FinTech firm First Derivatives, lost his battle with cancer on July 28, 2019 at the age of 53. Conlon started at KPMG and worked briefly at Morgan Stanley and software firm Sunguard before starting First Derivatives. He listed the company in 2002 but…
NeoXam Hires New Data Expert
Buy-side software provider NeoXam has appointed Philipp Sfeir to head up its DACH (Germany, Austria and Switzerland) business. Sfeir was most recently Head of Data Management at Zürcher Kantonalbank, one of the top four banks in Switzerland, and since 2016 has been President of the Swiss Information Providers User Group (SIPUG). Florent Fabre, COO of…
Fenergo Raises €66 Million
Irish regulatory compliance firm Fenergo has raised €66 million in investment, according to documents filed with the Companies and Registration Office. The firm is believed to have raised the financing by selling shares to CSC Computer Science Holdings, an affiliate of US-based DXC Technology. DXC General Manager Edward Ho has joined Fenergo as a Director,…
Claudia Rodriguez Joins Pega
Digital transformation specialist Pega Systems has appointed Claudia Rodriguez as inclusion and diversity (I&D) leader, based out of the company’s Cambridge, Mass. headquarters. Her role will focus on creating I&D talent management initiatives with a focus on talent attraction, development, engagement, and retention. She was most recently senior manager of inclusion and diversity in Accenture’s…
Financial Machineries Makes Three Strategic Appointments
Financial Machineries, a provider of data lineage, sourcing, digital rights management and commercialisation of contributed market data, has appointed Keiren Harris, Frank Verstraeten and Daniel Muri to its team. They bring industry experience, regional insight, and networks of professional contacts from across APAC and continental Europe to the company, which is accelerating its ambition to…
Refinitiv names William Leahey as Head of Regulatory Compliance for Wealth Management
Refinitiv has appointed William Leahey as head of regulatory compliance for wealth management. In this role, Leahey will lead all regulatory activities for the wealth management business, identifying key regulatory developments, risks and initiatives for customers. Before joining Refinitiv, Leahey was vice president and assistant general counsel of the operations and technology group at the…
Ascent RegTech Hires New CEO
Ascent RegTech on April 15 announced the hiring of Arbela Takhsh as Chief Operating Officer. Arbela has held various engineering and operational leadership roles at Motorola, Google, Comcast, and most recently as Senior Vice President of Operations Excellence, Quality, and Data Analytics & Business Intelligence at Gogo. The Ascent team has grown rapidly since the…
Featured
FEATURED WEBINAR
Recorded Webinar: Client Experience and Onboarding For Transfer Agents: How to ensure you deliver a seamless client experience and differentiate your services
Clients expect you to seamlessly deliver a range of transfer services. They expect you to delight their investors and ensure you have a robust onboarding and compliance process in place. They also want you to help them ensure they comply with shareholding obligations and corporate actions. With digital expectations becoming ever higher, how will you…
FEATURED EVENT
FEATURED GUIDE
Regulatory Data Handbook 2019/2020 – Seventh Edition
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This…
Top White Papers
Addressing the Reference Data Challenges of SFTR
The EU’s Securities Financing Transactions Regulation (SFTR), which comes into effect in April 2020, is a data-heavy transaction reporting regulation along the lines of MiFIR and EMIR, but has a significant reference data element as well. The regulation is extensive, with some 150 data fields in its mandatory regulatory reports, a dozen of which will...
Trade Surveillance and Mobile Recording in the Era of Data Privacy
The EU’s MiFID II and other regulations globally have placed greater emphasis than ever on market surveillance, recording of trading communications and records-retention processes in an attempt to stamp out market abuse and boost investor confidence and protections. At the same time, the public’s attitude toward data privacy has hardened, most visibly through new regulations...
Solving the KYC & AML Challenge for Cryptocurrencies, Tokens & ICOs
The cryptocurrency market is at an inflection point. It has gained substantial momentum from early investors (private & retail), day traders and prop shops but it has so far failed to get substantive engagement from wider institutional players. The crypto marketplace today is a mix of exchange and OTC-traded activity with little of the market...
Events and webinars
RegTech Summit London
Now in its 3rd year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreBreakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Find out moreRegTech Summit New York City
Now in its 3rd year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreTop Knowledge Hub picks
MiFID II
Markets in Financial Instruments Directive II (MiFID II) builds on the original MiFID of 2007 to improve the competitiveness of European markets by creating a single market for investment services and activities, and ensuring protection for investors in financial instruments. Read everything you need to know and get access to all related content.
Regulatory Reporting
Regulatory reporting comprises the submission of raw or formatted data as required by regulators to evaluate and track the financial and operational status of financial institutions and their compliance with required regulatory provisions. Find out all about it in our Knowledge Hub.
Market Abuse Regulation (MAR)
The Market Abuse Regulation (MAR) provides an EU-wide regulatory framework on market abuse, including measures to enhance the attractiveness of securities markets for capital-raising through the prohibition of practices such as insider dealing, unlawful disclosure of inside information and market manipulation. Find out more and access all our key resources here.
Awards
RegTech Insight Awards
The RegTech Insight Awards recognise the best of the best in the RegTech industry. Find out how to vote, enter or see the past winners.
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