RegTech Insight Regulations The latest content from across the platform
ESMA Report Calls for Improvement in EMIR Data Quality, Monitoring of SFTR Data
The European Securities and Markets Authority (ESMA) has published a report on European Markets Infrastructure Regulation (EMIR) and Securitised Financing Transactions Regulation (SFTR) data quality – and it’s not all good news. While progress has been made, more effort is needed by national competent authorities (NCAs) and ESMA to further improve EMIR data quality. The…
Recorded Webinar: Managing LIBOR transition
The clock is ticking on the decommissioning of LIBOR towards the end of this year, leaving financial institutions with little time to identify where LIBOR is embedded in their processes, assess alternative benchmarks and reference rates, and ensure a smooth transition. Some will be ahead of others, but the challenges are significant for all as…
Preparing for IFPR: The Time to Act is Now
By Kwame Frimpong, Regulatory Product Manager at Wolters Kluwer FRR. With the implementation of the new Investment Firms Prudential Regime (IFPR), the FCA is aiming to streamline and simplify the prudential requirements for solo-regulated investment firms in the UK. While key details of the new rules remain to be finalized, panellists joining me on a…
Broadridge’s $2.5 Billion Itiviti Deal Aims to Simplify Firms’ Front-to-Back Workflow
Broadridge Financial Services is seeking to bolster its multi-jurisdictional reach with the €2.143 billion (approximately $2.5 billion) cash acquisition of Scandinavian trading and connectivity solutions provider Itiviti, announced last week. Itiviti’s order and execution management systems (OEMS) and messaging middleware give Broadridge a strong presence in the front office. But it also addresses clients’ needs…
Russell Investments Modernises Compliance Using ACA’s ComplianceAlpha
Russell Investments has embarked on a major modernisation of its risk and compliance programme based on ACA Group’s ComplianceAlpha managed service. The vision is to create a single platform to establish a single source of truth for all relevant data and analysis, boosting the effectiveness and efficiency of its risk and compliance teams. The initiative…
Recorded Webinar: Developing operational resilience
Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances for financial firms. Employees working from home raised the stakes, as they still do, adding to…
Recorded Webinar: The UK’s New Prudential Regime for Investment Firms – Time to Prepare!
With the implementation of the new Investment Firms Prudential Regime (IFPR), the FCA is aiming to streamline and simplify the prudential requirements for solo-regulated investment firms in the UK. Under the new regime, all MiFID authorized, Collective Portfolio Management Investment Firms (i.e. UK UCITS ManCo and Alternative Investment Fund Management Firms permitted to undertake Additional Activities)…
The Lexicon is Dead – Time to Reboot
By Matt Storey, Chief Product Officer, SteelEye. For years now, surveillance of regulated employees at financial services firms has relied on the lexicon, a piece of technology that scans staff for specific words or sequences of words that could be associated with an act of market abuse or misconduct. For example, a firm might have…
Basel III Reforms: ‘Heads in the Cloud’ Time for Financial Institutions
By Alexander Dorfmann, Senior Product Manager, SIX. Cast your mind back to around this time 14 years ago, when a certain investment bank’s share price nose-dived amid major concerns that its short-term liabilities were far greater than its liquid assets. That bank was Lehman Brothers, of course, and its downfall was underpinned by a fundamental…
Recorded Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR
The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU and UK authorities. It has also changed dramatically following the UK government’s failure to reach equivalence…