RegTech Insight Regulations The latest content from across the platform
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…
SEC CAT Hits Another Hurdle
The US Consolidated Audit Trail (CAT) has hit another hurdle with the CAT National Market System (NMS) confirming that it is ‘transitioning the CAT project to a new plan processer’. This suggests Thesys Technologies, which was rather surprisingly selected as the plan processor by the self-regulatory organisations (SROs) that operate the CAT NMS in May…
RegTech Insight – Keeping Your Finger on the Regulatory Pulse
Welcome to Regtech Insight (RTI), a brand-new platform from A-Team Group bringing you the very latest in news, insights and exclusive analysis from the complex and fast-changing world of regulatory technology. Forming the third pillar of our comprehensive information service, RTI stands alongside Data Management Insight (DMI) and Trading Technology Insight (TTI) to offer a…
FRTB Poses Potential Threat to Smaller Regional Banks
In January the Basel Committee released final revisions to the upcoming Fundamental Review of the Trading Book (FRTB), including a number of modifications to make the regulation more palatable to industry players and a confirmed deadline of January 2022 for initial implementation. Despite its modest revisions, the transformative framework will enforce one of the biggest…
FRTB Special Report
FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.
OneSumX: A New Way of Meeting CECL Reporting and Compliance Obligations
A-Team Group speaks exclusively to Wolters Kluwer to learn more about OneSumX, a suite of integrated regulatory compliance solutions, and how it can assist firms to meet compliance requirements for the Current Expected Credit Losses (CECL) credit loss accounting standard model introduced in June 2016 by the Financial Accounting Standards Board (FASB). What is CECL…
No-Deal Brexit Could Threaten GDPR Compliance
By Alex Scheinman, Director, ACA Compliance Despite its crucial importance, data protection in a post-Brexit world is not getting the attention it deserves. UK firms have spent a significant time preparing for the General Data Protection Regulation (GDPR) as members of the EU. However, Brexit means that they may have to comprehensively re-think their approach…