RegTech Insight Regulations The latest content from across the platform
Fidessa BlockShadow Solves MiFID II Block Trading Problem
Fidessa has worked with long-standing client Redburn to deliver BlockShadow, a service driven by Markets in Financial Instruments Directive II (MiFID II) and designed to provide intelligent access across conditional dark venues for best execution of large orders. BlockShadow manages the whole process of placing multiple conditional orders on these venues, while at the same…
GDPR is Coming – Do You Need to Find the Location of Personal Data in Your ERP and CRM Systems?
By: Roland Bullivant, Silwood Technology The EU’s new rules on data protection enshrined in General Data Protection Regulation (GDPR) come into force in May 2018. They fortify the rights of citizens over their own data and put more obligations on organisations of sizes to manage and protect that personal data. The UK Information Commissioner’s Office…
Risk Focus Adds Regulatory Reporting Advisory
Risk Focus has introduced Regulatory Reporting Advisory (RRA), a service designed to help clients comply with trade reporting regulations, meet aggressive deadlines and build solutions for regulatory compliance, including upcoming regulations such as Securities Finance Transaction Reporting (SFTR), which takes effect in early 2019. Risk Focus RRA offers support for all aspects of regulatory reporting…
ESMA Publishes Double Volume Cap Data
After delaying publication of double volume cap (DVC) data just after go live of Markets in Financial Instruments Directive II (MiFDI II) and Markets in Financial Instruments Regulation (MiFIR), the European Securities and Markets Authority (ESMA) has now has published DVC trading volumes and calculations. The purpose of the DVC mechanism is to limit the…
United Overseas Bank Selects NeoXam to Support FRTB And BCBS 239
Singapore’s United Overseas Bank has selected NeoXam’s DataHub to support group-wide data management and compliance with regulatory requirements of the Fundamental Review of the Trading Book (FRTB) and risk data aggregation and reporting under BCBS239. Lim Ann Liat, head of markets and enterprise technology, group technology and operations at United Overseas Bank, says: “One of…
CLS Offers CLSReporting to Support MiFID II FX Reporting Requirements
Market infrastructure provider CLS has introduced CLSReporting, a product for foreign exchange (FX) matched instructions that supports members with Markets in Financial Instruments Directive II (MiFID II) reporting requirements. The product is a response to market demand and will provide the ability for parties and counterparties to FX trades to exchange additional information in settlement…
Countdown to GDPR
Time is running out: the compliance deadline for General Data Protection Regulation (GDPR) is May 25, 2018, and with fines running up to 4% of annual turnover or €20 million for firms that fail to protect European citizens’ personal data, no-one can afford to take this EU data privacy law lightly. From a data management…
SIs on the Rise Across Asset Classes
By: Christian Voigt, senior regulatory advisor, Fidessa There’s been much speculation about the revival of the Systematic Internaliser (SI) as Markets in Financial Instruments Directive II (MiFID II) has sharpened its rules. So, now that we’re almost two months into the new regime, how is it looking? Luckily the regulators (e.g. ESMA and FCA) publish…
GDPR Handbook
The May 25, 2018 compliance deadline of General Data Protection Regulation (GDPR) is approaching fast, requiring financial institutions to understand what personal data they hold, why they process it, and whether it is shared with other organisations. In line with individuals’ rights under the regulation, they must also provide access to individuals’ personal data and…
FCA Calls for Input on How Technology Can Make Regulatory Reporting Easier
In case you missed it, the Financial Conduct Authority (FCA) has made a call for input on how technology can make it easier for firms to meet regulatory reporting requirements and improve the quality of the information they provide. The call for input outlines a proof of concept (POC) developed by the FCA and Bank…