RegTech Insight Regulations The latest content from across the platform
New Solutions Emerge to Help Firms Address SRD2 Issues
A surge of new solutions is emerging to help firms meet the data challenges of Shareholder Rights Directive II (SRD2), which came into force on September 3, 2020 despite pleas from the industry for a delay due to Covid-19 pressures. “We ask you to consider, as a matter of urgency, a delay in the implementation…
LIBOR is Ending – But Most Firms Aren’t Ready, Finds Numerix
The decommission of LIBOR is making a huge imprint on the global financial services sector. The transition from LIBOR to alternative reference rates could be the largest financial engineering project the world has ever seen. So what are financial institutions are doing to prepare for the switch to alternative reference rates, and how far along…
CSS’s Amfine Purchase Completes End-to-End Reporting Capability
New York-based Compliance Solutions Strategies’ (CSS) acquisition of Amfine, a European provider of SaaS-based reporting for investment managers, fills a gap in the firm’s regulatory reporting solution lineup and allows it for the first time to offer end-to-end compliance for fund managers and insurers. With the all-cash acquisition complete – terms weren’t disclosed – the…
Recorded Webinar: How Financial Institutions can adjust to working in the New Normal
The very sudden impact of Covid-19 and resultant shutdown of physical sites has stress-tested financial institutions and vendors to their limits. Now banks and firms are slowly starting to re-open offices. But what will the new normal look like and what steps should you be taking now to make the most of this situation? This…
SmartStream Adds MiFID II Derivatives Component Ahead of September Deadline
SmartStream Technologies, the financial Reference Data Utility (RDU) solutions provider, has added derivatives to its Systematic Internaliser (SI) Registry service, to help clients meet the rapidly approaching MiFID II deadline of 15 September, 2020. The new service will allow trading counterparties to identify who is responsible for reporting trades in general, but also supports them through one of the most…
ESMA Yet Again Postpones CSDR Settlement Discipline
In the wake of the UK’s Chancellor Rishi Sunak rejecting the EU’s Central Securities Depositories Regulation (CSDR) settlement discipline regime as part of its adoption of EU regulations post-Brexit, it looks as if the European regulator too is now having second thoughts. Last week, ESMA published a final report on the draft technical standards of…
SteelEye Seeks to Automate Compliance with Auto-Trade Reconstruction Technology
Compliance technology and data analytics firm SteelEye made a splash last week with the launch of its new Auto-Trade Reconstruction technology, which reduces the time it takes for a firm to reconstruct a trade from days to seconds. Under MiFID II, MAR, Dodd-Frank and other global regulations, authorised firms can be asked by the regulator at…
FINRA Starts the Clock on OATS Retirement
By Peter Gargone, CEO at n-Tier. FINRA’s August 14 SEC rule filing, coupled with its July 29 compliance webinar, provide the clearest view yet on FINRA’s approach to enforcing CAT regulatory compliance and achieving the industry’s goal of retiring OATS reporting. Peter Gargone of compliance software specialist n-Tier discusses the complexities of the transition, and the…
Next Six Months Crucial for LIBOR Transition, FCA Urges Firms to Sign ISDA Protocol
The four to six months ahead of us are arguably the most critical period in the transition away from LIBOR, and the time to act is now. So says Edwin Schooling Latter, Director of Markets and Wholesale Policy at the UK’s Financial Conduct Authority, as he urges the financial services industry to prepare for one…
AxiomSL Reveals New FRTB Certification in Line with ISDA Benchmarking
AxiomSL, a provider of regulatory reporting and risk management solutions, has launched its new Fundamental Review of the Trading Book (FRTB-SA) and Counterparty Credit Risk (SA-CCR) certification – one of the first to provide clients with calculations in line with the International Swaps and Derivatives Association’s (ISDA) ‘golden source’ calculations. The rigorous golden source calculations…