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The Trials, Tribulations and Potential Benefits of FRTB Compliance

Fundamental Review of the Trading Book (FRTB) regulation is more prescriptive than former Basel 2.5 market risk requirements, calls for a consistent workflow across risk, finance and the front office, and needs firms to source previously unused and difficult to find data – challenges that many banks have yet to conquer ahead of the January…

DTCC Adds Vendor Partners to Help Mutual Clients Achieve SFTR Compliance

Reflecting DTCC’s recent announcement that Barclays, Goldman Sachs and J.P. Morgan have signed up to use its Global Trade Repository (GTR) to meet their obligations under the European Union’s Securities Financial Transactions Regulation (SFTR), the company has named additional vendor partners that it will work with to support mutual clients. New partnerships have been made…

idaciti Introduces Viewer to Support iXBRL Reporting Format

Jurisdictions around the world are beginning to adopt Inline XBRL (iXBRL), leading idaciti to bring Inline XBRL Viewer, a means of working with data from corporate reporting filings,  to market. iXBRL combines human-readable disclosures (in HTML) and machine-readable data (in XBRL) in the same filing, creating a new digital reporting format. The format reduces the…

SEC N-PORT Deadline Compliance Met with RegTech

Confluence has announced that those of its clients with a May 30, 2019 Form N-PORT filing requirement have completed their filings with the US Securities and Exchange Commission (SEC). Confluence’s clients represent fund administrators and asset managers servicing more than 75% of funds filing Form N-PORT. They have met their Form N-PORT requirements using Unity…

Recorded Webinar: FRTB: Laying the groundwork for compliance

The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has never previously been required mean firms should already be identifying tools, solutions and…

FRTB 2022 Deadline Proves Tricky for Firms and Regulators

Global regulatory implementation of the Basel Committee on Banking Supervision’s (BCBS) Fundamental Review of the Trading Book (FRTB) may be unevenly paced, creating challenges for financial institutions and regulators alike. FRTB was introduced to fix problems that both regulators and the industry perceived with so-called ‘Basel 2.5’ market risk changes, which were put in place…

How to Source and Manage Data for FRTB – The Challenges and Opportunities

Sourcing and managing data for Fundamental Review of the Trading Book (FRTB) compliance is no mean feat, but there are options and choices to be made as firms within the scope of the regulation build out compliance programmes ahead of its January 2022 deadline. A panel session at A-Team Group’s recent FRTB briefing in London…

Banks will be Kicking Themselves if They Don’t Start CSDR Preparations Now

By Kerril Burke, CEO of Meritsoft (a Cognizant company). Football is by no means the only industry where the word ‘penalties’ puts fear and panic into those involved. As football players prepare for the difficulties that penalty shootouts throw up in the latter stages of the UEFA Champions League, the banking sector also finds itself…

Fenergo Partners Refinitiv for World-Check One KYC Data

Fenergo has connected its client lifecycle management (CLM) solution to Refinitiv’s World-Check One Know Your Customer (KYC) data through an application programme interface (API) integration. The partnership will enable financial institutions to streamline their KYC verification processes and anti-money laundering (AML) screening, and identify risk more efficiently. According to a recent Fenergo survey, 81% of…

IHS Markit Releases Accelerator with End Goal of Same-day Client Onboarding

IHS Markit has released Onboarding Accelerator, a solution to help banks and other service providers open accounts with institutional clients more quickly and ultimately in one day. The company says that, on average, the onboarding process including collection of all required information to satisfy Know Your Customer (KYC), Anti-Money Laundering (AML), credit, legal and tax…