RegTech Insight Regulations The latest content from across the platform
Sell-Side Coverage of European Companies Plummets Post-MiFID II, Finds Cass
A new paper from Cass Business School has found that sell-side analyst coverage of European companies has dropped “significantly” since the implementation of MiFID II in January 2018 – with a whopping 334 firms losing their analyst coverage completely. The paper, entitled ‘The Effects of MiFID II on Sell-Side Analysts, Buy-Side Analysts, and Firms’, examined…
German Government Asks EU to Relax MiFID II
According to an official statement, the German government has asked the EU to ease MiFID II rules following a February 2019 consultation with investment firms and market participants that found “a great deal of discontent” – including around breadth of the provisions, the cost of implementation, the tight timeframe and inadequate coordination with other regulations….
Global RegTech Industry Tops $5bn, But More Collaboration is Needed
The global RegTech industry generated an estimated $5 billion in revenue last year, as regulatory changes and technological advancements drove a surge of new startups in the past five years – according to a new Global RegTech Industry Benchmarking Report released this week by the Cambridge Centre for Alternative Finance (CCAF). Sponsored by EY Japan…
Finastra Prepares for SFTR with Regulatory Reporting-as-a-Service
Finastra, the third largest FinTech firm in the world following the merger of D+H and Misys back in 2017, this week launched a bespoke new SFTR reporting tool to help banks prepare for the fast-approaching April 2020 deadline. A cloud-based product built on the firm’s existing regulatory reporting solution, the product is designed to help…
SEC Further Delays Rule 606
On September 4, in response to a new request from the Financial Information Forum and the Security Traders Association, the SEC extended the compliance deadline for Rule 606 amendments. This represents the second extension for the routing practices regulation, which was first proposed in November 2018 with an original deadline of May 2019, and subsequently…
FRTB Impact a Triple Threat, Finds ISDA
Final market risk capital rules will lead to a higher increase in bank capital requirements than previous estimates given by international regulators earlier this year, an undisclosed industry study has found, as reported by Risk.net – leading to concerns that the capital hike could force firms to scale back trading activities to meet the new…
Australian and Singaporean Benchmarks Achieve EU Equivalence
From August 19, 2019 the legal and supervisory frameworks of Australia and of Singapore are held as equivalent to the EU benchmark regime, according to recent decisions published in the Official Journal of the European Union. The decisions are applicable to the administrators of financial benchmarks that are declared significant benchmarks by the Australian Securities…
STOXX Registers as BMR Administrator
STOXX, the operator of Deutsche Boerse Group, has registered with ESMA as a benchmark administrator under the European Union’s Benchmark Regulation (BMR). The regulation was introduced by the EU following the high profile LIBOR manipulation scandals of 2012, and came into force in January 2018. Benchmark rate users have until January 1, 2020 to use…
Shield FC Opens London Office, Plans New SME Product
Specialist RegTech start-up Shield, which provides a cross-regulation platform for electronic communications compliance, has branched out from its Israeli base to open a new office in London, led by business development manager Shira Rottner. “As a key financial hub, London is one of the most important markets for Shield, and now is the right time…
Applicants Sought for New York RegTech Trade Mission
A-Team Group is delighted to partner with the UK’s Department for International Trade (DIT) to call for applications from UK RegTech businesses (specifically companies with a focus on regulatory monitoring, reporting and compliance) to participate in its upcoming 2019 UK RegTech Trade Mission to New York. Taking place November 13-15 in New York City, the…