RegTech Insight Regulations The latest content from across the platform
Webinar: Practical Considerations for Regulatory Change Management
As financial markets continue to evolve, regulatory change management has become an essential yet complex task for financial institutions. The challenge lies in continuously monitoring, managing, and adapting to both minor and major adjustments in regulatory obligations. This year, the pressure is particularly high with significant upgrades to EMIR Refit, MiFID II, and MiFIR, among…
Regulatory Data Handbook 2024 – Twelfth Edition
Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and…
DORA Deadline Looms: Only 20% of Firms Ready with Stressed Exit Plans, Says Report
With less than five months before the EU’s Digital Operations Resilience Act (DORA) comes into full effect, a mere 20% of financial professionals report having adequate stressed exit plans in place for their critical Information, Communications and Technology (ICT) vendor agreements. The stark revelation comes from the Supplier Stability in Operational Resilience report, commissioned by…
FinCrime Enforcement Actions Up 31%, H1/2024 – Fenergo Study
Recently released findings from client lifecycle management (CLM), know your customer (KYC) and transaction monitoring specialist Fenergo indicate a 31% increase in the global value of penalties for anti-money laundering (AML) violations, compared to the same period in 2023. The findings underscore a significant rise in enforcement actions, particularly in the Asia-Pacific region, where penalties…
Consumer Duty is Transforming Wealth Management but there is Still Work to be Done
By Suman Rao, UK Managing Director, Avaloq. A year on from the implementation of Consumer Duty, its impact on the UK wealth management industry has been undeniable, causing a positive cultural shift across the industry as firms modify their practices and behaviours to ensure they provide fair value for clients. Navigating the regulation’s requirements has…
Automation Key to Overcome Implicit Cost Conundrum as PRIIPs Predicament Looms
By Kifaya Belkaaloul, Head of Regulation, NeoXam. With just over 150 days until the Packaged Retail and Insurance-based Investment Products regulation (PRIIPs) changes, the financial industry must confront a looming implicit costs conundrum – and fast. The update to the regulatory framework on January 1 seeks to ensure that asset servicers undertake a more detailed…
Citigroup Fine Shows Importance of Having Robust Data Setup
The US$136 million fine meted out to Citigroup for data irregularities dating back to 2020 should serve as a warning to all financial institutions that robust data management is essential to avoid sanctions amid tougher regulatory regimes. The Federal Reserve and Office of the Comptroller of the Currency (OCC) jointly imposed the penalty on the…
A-Team Webinar: Best Practices in Regulatory Reporting – Data Quality, Standards and Stakeholder Communications
The recent A-Team webinar “Best Practices in regulatory Reporting” identified data quality, adoption of standards, and transparent stakeholder communications as recurring themes in an effective regulatory reporting strategy for today’s complex and rapidly changing regulatory environment. This webinar brought together experts from the practitioner and RegTech communities; Jehangir Abdulla, Head of Back Office Development at…
DTCC FICC Releases Tools to Help Firms Address Incoming SEC Central Clearing Mandate
The Fixed Income Clearing Corporation (FICC), a subsidiary of the Depository Trust and Clearing Corporation (DTCC), has launched two new publicly available tools to help participants navigate the financial obligations that come with membership in a clearing system. The facilities are aimed at helping firms address the post-trade implications of a Securities and Exchange Commission…
Kaizen’s Single Rulebook Wins Award for Best Solution for Regulatory Change Management in A-Team Group RegTech Insight Awards Europe 2024
Kaizen’s Single Rulebook has won the award for Best Solution for Regulatory Change Management in A-Team Group’s RegTech Insight Awards Europe 2024. The London-based company’s product impressed judges with its ability to streamline compliance workflows. The RegTech Insight Awards recognise established providers and innovative newcomers that offer solutions that are successfully improving firms’ ability to…