RegTech Insight Regulations The latest content from across the platform
Energy Firm Vitol Deploys Relativity Trace to Combat Market Abuse
Energy and commodity trading company Vitol has deployed Chicago-based Relativity’s AI-powered communication surveillance platform, Relativity Trace, to proactively detect regulatory misconduct. Relativity Trace’s alerting capabilities can help reduce false positives, with Vitol experiencing a 92% reduction on false positive alerting, according to Relativity. Vitol implemented Relativity Trace in just under four months. The system is now used…
Many Firms Are Not Data-Ready for SFDR Level 2
Many financial institutions have yet to grasp the data implications of the European Union’s ESG reporting regulations, while others are scrambling to put in place processes to comply with the developing set of disclosure rules. Read the full story on ESG Insight here.
ESMA Proposes Amendments to MiFIR Transparency Requirements
The European Securities and Markets Authority (ESMA) has proposed targeted amendments to some of its Regulatory Technical Standards, essentially RTS 1 and RTS 2, which specify Markets in Financial Instruments Regulation (MiFIR) transparency requirements for equity and non-equity. The amendments aim to clarify, improve and simplify the transparency regime for equity and non-equity instruments. The…
SmartSearch Releases High-Risk Country Report Service in Response to Sanctions Against Russia
SmartSearch, an anti-money laundering (AML) specialist, has released a high-risk country report service in response to the introduction of sanctions against Russia. The service enables regulated businesses to scan existing clients and check for residency or citizenship in Russia, Belarus, or any other high-risk countries. The reporting tool instantly checks all clients that the regulated business has…
ElysianNxt Wins A-Team Group Award for Most Innovative ESG Regulatory Reporting Solution
ElysianNxt, a provider of real-time solutions for finance and risk, has developed an ESG reporting platform designed to provide a 360-degree view of the impact of ESG on risk metrics, built using the latest technologies and techniques, and able to accelerate regulatory reporting to real time. The platform won the award for Most Innovative ESG…
Bloomberg Wins A-Team Group Award for Most Innovative ESG Data Solution
Bloomberg has won the award for Most Innovative ESG Data Solution in A-Team Group’s Innovation Awards 2022. The awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets. Bloomberg’s ESG data solution was selected as a…
SmartStream Combines Air, RDU to Offer Comprehensive Transaction Reporting for MiFID II
SmartStream Technologies has combined its SmartStream RDU reference data utility with its SmartStream Air (Artificial Intelligence Reconciliations) solution to create a new offering that provides regulated entities with comprehensive reporting capabilities for MiFID II. The new solution – Transaction Reporting Reconciliation and Reporting Decision Control – aims to address regulators’ growing requirement for completeness and accuracy…
Recorded Webinar: FRTB: What still needs to be done before the global deadline of January 2023?
While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away. For banks in scope of the regulation, the time to put necessary risk infrastructure and data…
Everything You Need to Know About the EU Whistleblowing Directive
It is widely acknowledged that employees who report misconduct within their organisations play a key role in exposing breaches and preventing similar incidents from happening in the future. However, potential whistleblowers are often discouraged from reporting their concerns or suspicions for fear of retaliation. In this context, the European Union deemed it necessary to provide…
19 Best Transaction Reporting Solutions in 2022
Transaction reporting is demanded of financial institutions by multiple regulatory regimes, with the goal of detecting suspected market abuse or money laundering. To comply, firms need to ensure their systems are able to deliver complete and accurate information about the financial instrument traded, the firm undertaking the trade, the buyer and seller, and the date…