About a-team Marketing Services

RegTech Insight Regulations The latest content from across the platform

How 2024 will be a Monumental Year with Evolving Regulatory Requirements

By Leo Labeis, CEO at REGnosys. This year will be uniquely busy with numerous changes to global reporting regimes. This article explores the changes firms need to be aware of and how RegTech solutions can help them stay ahead of the curve. RegTech is one of the fastest advancing areas of fintech with the global…

Corlytics Reports Eye-Watering Fines for 2023 Regulatory Breaches

Corlytics, a provider of regulatory risk intelligence, has released an enforcement data report for 2023 revealing financial crime, data protection, and governance as the main risk categories for financial services with the highest penalties. Some $6.7 billion of fines were imposed for financial crime, most of which were for money laundering and terrorist financing. Looking…

Now is the Time to Prepare for January 2025 DORA Compliance Deadline

Rich Cooper, Global Head of Financial Service Go-To-Market at Fusion Risk Management. The Digital Operational Resilience Act (DORA), which is designed to consolidate and upgrade Information and Communications Technology (ICT) risk requirements and sets out a common set of standards for mitigating risks, takes effect across the EU in January 2025. The legislation covers a…

Firms in the US Prepare to Meet Compliance Date for UPI in Regulatory Reporting

The Derivatives Service Bureau (DSB) has released figures indicating industry readiness for the first jurisdictional compliance date for the inclusion of the Unique Product Identifier (UPI) in regulatory reporting in the US on 29 January 2024. The US is the first jurisdiction to start UPI reporting in G20 derivatives markets with EU EMIR Refit regulations…

Broadridge and Boring Money Collaborate on Consumer Duty Solution for Asset Managers

Boring Money, a financial data and insights business, and Broadridge Financial Solutions have collaborated to help asset managers address the requirements of the UK’s Consumer Duty regulation. The duty applies to all new financial services products, and to all products and services currently available to retail customers. Among others, consumer duty affects regulated firms, and…

New Year’s Resolutions: Get OTC Derivatives Reporting Fit for EMIR Refit

By Thomas Steimann, Head of Regis-TR at SIX. The OTC derivatives markets have faced a slew of new regulations since the 2008 Global Financial Crisis, to which the market has continued to adapt. 2024 will be no different. The EMIR Refit is the latest in a wave of regulatory change for the derivatives markets, with…

Regulated Firms that Don’t Trust Electronic Identification Verification Risk Financial Crime

More than 36% of people in regulated firms who ‘can’t trust’ electronic identity verification technology and instead rely on manual checks are leaving their doors open to financial crime, according to research by anti-money laundering specialist SmartSearch. This statistic, from SmartSearch’s 2023 annual survey of 500 compliance stakeholders across financial, accountancy, property and legal services,…

Regulations for UK Digital Securities Sandbox Come into Force on 8 January 2024

Regulations for the UK’s first Digital Securities Sandbox (DSS) will come into force on 8 January 2024, enabling financial market infrastructures and new entrants to experiment with developing technologies in a more flexible legal and regulatory environment than the existing framework. To date, the government says it has received 19 expressions of interest from financial…

S&P Global Market Intelligence Reviews Regulatory Reporting

Resourcing and data quality management are the biggest barriers to effective, accurate and cost-effective transaction regulatory reporting, according to S&P Global Market Intelligence’s annual Global Regulatory Reporting Survey – but it’s not all bad news, with the report noting that financial markets are better prepared for regulatory changes coming in 2024 than in any previous…

Recorded Webinar: How to automate entity data management and due diligence to ensure efficiency, accuracy and compliance

Requesting, gathering, analysing and monitoring customer, vendor and partner entity data is time consuming, and often a tedious manual process. This can slow down customer relationships and expose financial institutions to risk from inaccurate, incomplete or outdated data – but there are solutions to these problems. This webinar will consider the challenges of sourcing and…