RegTech Insight Regulations The latest content from across the platform
Firms Still Uncertain About Libor Transition
Although four out of five financial providers have Libor transition plans in place, just 18% say their plan is mature, while only one in five say they are operationally ready for the change – according to the Accenture 2019 Libor Survey. Almost half (41%) do not feel they have a unified and consistent approach to…
RegTech Summit London Fast Approaching – Have You Booked Your Place?
The third annual edition of A-Team Group’s highly sought-after RegTech Summit is nearly here! On October 3, 2019 industry leaders, regulators, practitioners and providers will converge on the etc.venues at St Paul’s London to discuss the most innovative and effective approaches for building a better regulatory environment. This year is our strongest line-up yet, with…
Over 50% of Banks Not Yet Ready for SFTR, Finds Cappitech and Kaizen
A new study from regulatory reporting solutions provider Cappitech, in partnership with Kaizen Reporting, has found that 56% of banks are still only in the pre-implementation planning stages of their SFTR compliance strategy, despite a go-live first phase reporting deadline of April 2020. Even more worryingly, just 37% of the securities lending industry has started…
LIBOR Change Requirements Mean Major Data Challenges for Financial Firms – Are You Ready?
With the London Interbank Offered Rate (LIBOR) ceasing to exist at midnight January 1, 2022, financial services firms around the world are faced with an enormous data management challenge. LIBOR, and the interest rate curves built off of it, are used within a wide variety of financial instruments and products, including derivatives, loans, and bonds….
Addressing the Reference Data Challenges of SFTR
The EU’s Securities Financing Transactions Regulation (SFTR), which comes into effect in April 2020, is a data-heavy transaction reporting regulation along the lines of MiFIR and EMIR, but has a significant reference data element as well. The regulation is extensive, with some 150 data fields in its mandatory regulatory reports, a dozen of which will…
Volker Rule Revisions Hotly Contested, But More Changes Could Be on the Way
Changes to the Volker rule announced recently by US regulators are stoking intense debate about the effect they will have on regulated institutions, the financial markets, and the US economy as a whole. The Volker rule was brought in as part of the 2010 Dodd-Frank Act, which was created in response to the global financial…
SmartStream RDU Releases SFTR Security Reference Data Service
The SmartStream Reference Data Utility (RDU) has extended its offering with a cloud-based security reference data service designed to simplify and enable firms to meet the EU’s Securities Financing Transactions Regulation (SFTR) requirements. SFTR requires banks and investment firms to start reporting securities financing transactions (SFTs) to a registered trade repository beginning April 14, 2020….
Recorded Webinar: FRTB: The time to get your data in order is now
Fundamental Review of the Trading Book (FRTB) regulation requires firms within its scope to source significant amounts of data, some of which has not previously been required and is difficult to pin down. The data management challenges of the regulation’s Internal Model Approach (IMA) to market risk capital calculations include ongoing P&L attribution, back testing…
Sensiple Partners with TNS to Bring its MiFID II Compliance Solution to Frankfurt’s FR2
New Jersey-based banking technology specialist Sensiple Inc has partnered with communications giant Transaction Network Services (TNS) to bring its global analytical platform Setrega to the FR2 data centre in Frankfurt, further boosting the city’s reputation as a connectivity hub. Over the next five years Sensiple anticipates Europe to be one of its biggest growth areas…
GDPR One Year On
By Nick Murphy, Associate Director, GDPR Integrated Technology and Solution, 3 Lines of Defence Consulting. A lot was written about GDPR in the press and a lot was discussed prior to go-live last year, including at the A-Team Group RegTech Insight conferences. Now just into its second year, we ask: how successful is the regulation…