RegTech Insight Regulations The latest content from across the platform
SmartStream Partners with Numerix on ISDA Collateral Management
Financial software provider SmartStream, has confirmed a new referral agreement between its Transaction Lifecycle Management (TLM) platform and US-based risk technology specialist Numerix. The partnership will support TLM users in complying with the International Swaps and Derivatives Association (ISDA)’s margin requirements for non-centrally cleared derivatives. TLM Collateral Management offers an automated data management solution designed to…
RegTech Insight Awards 2019 – Shortlist Announced!
The nominations for the 2019 RegTech Insight Awards are now closed, and we are delighted to announce this year’s shortlist. Well done to everybody that entered, and sincere thanks to our advisory board for taking such painstaking care in evaluating the record number of entries we received this year. Now in their third year, The…
MiFID II: The True Cost of Research Unbundling – Part Two
Last week we explored the impact of MiFID II research unbundling on the sell side, as providers struggle to carve out their own space in a new and unfamiliar environment. This week, we take a look at the situation from the other side of the coin – how are purchasers handling the change, and how…
FCA Highlights Key Concerns over MAR Compliance
Effective compliance with the Market Abuse Regime (MAR) is “a state of mind” that requires a series of complex situational judgements – and time pressures could cause potential problems, warned Julia Hoggett, Director of Market Oversight at the UK’s Financial Conduct Authority (FCA). This raises a number of key concerns around compliance which demand urgent…
MiFID II: The True Cost of Research Unbundling – Part One
The implementation of MiFID II in 2018 catalysed a maelstrom of regulatory modifications for financial institutions. One of the biggest changes was the requirement to separate the cost of investment research and corporate access from the cost of trade execution – forcing providers to drastically alter their models in order to comply with the explicit…
Six Ways to Stay Ahead of Financial Regulators with RegTech
By Burt Esrig, Managing Director and Michael Lehman, Partner, ACA Compliance The RegTech industry has exploded, with over 250 RegTech businesses worldwide and $1bn invested last year, as firms look to beat the regulators and the competition. But firms still aren’t doing enough. There have been $26 billion in fines for non-compliance with AML, KYC and sanctions regulations over the past decade….
No Enforcement Doesn’t Mean No Problem, Warns FCA on MiFID II Compliance
The question of regulatory enforcement is a tough one, and the FCA has come in for its fair share of criticism over how it has handled the compliance requirements for the radical new fee disclosure requirements brought in by MiFID II in January last year. The regulator has been adamant in its stance that MiFID…
Revolut Agrees Partnership with Clausematch
UK digital bank Revolut has partnered with London-based RegTech firm ClauseMatch to streamline the management of its internal policies, controls and regulatory compliance. The partnership was confirmed after a trial period of several months where ClauseMatch assisted Revolut to map regulations to internal policies and identify potential automation of risk and compliance functions. In 2017…
MiFID II: A Long Way from Happy Ever After…
It is over a year since MiFID II was finally implemented on January 3, 2018 and in the mad dash to meet the regulatory deadline, many firms adopted immediate measures and mandatory shortcuts to meet the new research rules, that are now emerging as less than sustainable over the long-term. Fast forward 13 months, and…
Alpha FMC and Kaizen Partner on Transaction Reporting Compliance
Specialist regulatory reporting solutions provider Kaizen has teamed up with wealth management consultancy Alpha FMC to offer a new transaction reporting compliance assurance service. The collaboration will comprise a “health check” for specialist wealth managers and smaller asset managers including an assessment of current governance and control frameworks, a check on the accuracy of reported…