RegTech Insight Other Regulations The latest content from across the platform

Skills and Systems Investment Surging in Financial Services, Finds TR Regulatory Intelligence Report

The right talent plays a crucial role in leveraging the benefits of RegTech within financial services firms, according to the fourth edition of Thomson Reuters’ annual regulatory intelligence report, released today. ‘Fintech, Regtech & the Role of Compliance in 2020: The Shifting Regulatory Role’ urges regulators and policymakers to ensure they have the appropriate up-to-date…

Why the Finance Industry Needs Traceable Timing Across All its Operations

By Richard Hoptroff, Founder and CTO of Hoptroff London. As the virtual world expands, so do the applications for highly accurate, traceable time. Its most established industry is finance. If clocks on servers drift and are untraceable back to a verified source of universal time (UTC), conflicts can arise. Orders can look as if they…

SteelEye Outlines International Expansion and Product Development Plans Following Series A funding of $10 Million

SteelEye will extend its presence in Europe, evolve its regulatory compliance and data analytics products, and expand its team after raising $10 million of Series A funding in a round led by Eight Roads, the proprietary investment firm backed by Fidelity, and including its existing investor Illuminate Financial. Looking two years out, the company is…

A Quiet Revolution: Changing Attitudes to Oversight and Contingent NAV Capabilities

The legal and regulatory landscape for the asset management industry has transformed over the past decade – with major upgrades such as AIFMD, FATCA, CRS and BEPs, in addition to a myriad of local compliance requirements. As the reporting demands of both investors and regulators grow, so too does the need for specialist knowledge, processes…

No Grace Period For Reg BI Compliance

For US-regulated firms affected by the upcoming Regulation Best Interest (Reg BI) and concurrent Customer Relationship Summary (Form CRS), due to come into force on June 30, 2020, the pressure is on to comply – and it is looking as if the regulator has no plans to go easy on its targets. The 2020 Examination…

SteelEye Extends Reach with Office in Paris

SteelEye, a compliance technology and data analytics firm, has taken the next step in its international expansion with the opening of an office in Paris. The office supports SteelEye’s rapid growth and positions the company closer to regulated financial markets in France, as well as the Benelux region, Switzerland and many of its existing clients….

ESMA Updates AIFMD Q&A

The European Securities and Markets Authority (ESMA) has updated its Questions and Answers on the application of the Alternative Investment Fund Managers Directive (AIFMD), which are intended to provide common supervisory approaches and practices in the application of the AIFMD and its implementing measures. The regulator has added one new Q&A on the AIFMD reporting…

SMCR Now Underway – But Are Firms Ready?

Yesterday the Senior Managers and Certification Regime came into force for the asset management industry, bringing into the fold the remaining 47,000 FCA-regulated firms who must now start performing additional checks, providing formal statements and submitting data on appointed managers. But with some uncertainty around how strict the regulator will be in its approach to…

Broadridge Uses Blockchain to Address European SRD II Compliance

With the Shareholder Rights Directive II (SRD II) regulatory compliance deadline fast approaching, intermediaries supporting institutional and/or retail clients face one of the biggest changes in European corporate governance in many years. And according to Broadridge, many businesses are not yet ready for the transition – which is expected to place considerable pressure both on…

US Banks Unprepared for California Consumer Privacy Act – What Can They Do?

By Edel Brophy, Global Regulatory Manager, Fenergo. Keeping up with compliance regulations across multiple jurisdictions can be tricky for financial institutions. Hugely ambitious, the ratification of the state law the California Consumer Privacy Act (CCPA) is one of the toughest challenges they’ve faced. With just one month to go, it’s therefore concerning that one third…