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The Potential and Promise of AI and Machine Learning in Regtech
After engaging in Peter Moss’s exciting keynote speech, “Garbage in, Garbage Out—Why Regtech is Only Half the Answer” (listen to the Podcast here), discussing the crucial importance of data as a foundation for regulatory compliance, the audience at the recent RegTech Summit New York on November 15, 2018 prepared themselves for a leap into an…
Getting Ready for the Consolidated Audit Trail
One of the most detailed discussions of the recent A-Team Group RegTech Summit in New York centred around the arduous ongoing journey towards implementation of the long-delayed Consolidated Audit Trail (CAT). Approved by the US Securities and Exchange Commission two years ago to the day (November 15, 2016), the CAT aims to create a single…
Panelists Agree that Regulatory Ambiguity Hampers Regulatory Reporting Efficiency
In a panel moderated by Robin Doyle, Managing Director of the Office of Regulatory Affairs at J.P. Morgan, regtech practitioners discussed potential solutions for regulatory reporting efficiency—and the challenges surrounding them. Doyle addressed some of these challenges when she kicked off the panel, citing the lack of consistency in the manner in which data is…
Recorded Webinar: How to find common ground for data management across multiple regulations
We’ve asked over many years how financial institutions can find common ground for data management processes to meet the requirements of multiple regulations, such as MiFID II, MiFIR, EMIR, MAR and BCBS 239. While this is a goal most firms have aspired to, the reality of pressing deadlines for regulation after regulation meant firms had…
BearingPoint Partners with IBM for Regulatory Reporting
Management and technology consultancy BearingPoint last week confirmed a new regulatory reporting partnership with IBM Services. The joint venture will allow financial institutions to outsource their regulatory reporting processes, and covers both the business processes and technical operation as well as software maintenance and further development. The offering will target small to medium-sized clients, who…
SteelEye Wins £5.7 million Seed Funding
Compliance technology and data analytics firm SteelEye this week confirmed the successful close of a £2.9 million fundraising extension led by fintech-focused venture capital firm Illuminate Financial, bringing the total seed funding raised to £5.7 million. SteelEye offers cloud-based solutions to assist clients with MiFID II, MAR, EMIR, Dodd Frank and other international regulatory compliance…
RegTech Summit New York: Industry Leaders Agree on Importance of Collaboration
At the highly successful second annual RegTech Summit in New York on the 15th November, a selection of senior industry leaders came together in the first session to discuss the hard questions facing the industry. Where is innovation coming from? What barriers are preventing the adoption of RegTech? What are the best ways to minimise…
A-Team RegTech Summit New York Emphasises the Importance of Innovation as a Foundation for Firm Data Practices
A-Team Group’s second annual RegTech Summit arrived in a snowy New York City on November 15, 2018 to cram a crowded day with expert speakers, controversial topics, deep-diving discussions and problem-solving solutions. An impressive attendee line-up of over 200 delegates comprising industry leaders, financial institutions and senior decision-makers added to the atmosphere, while our pioneering…
FSB Publishes 2018 List of Global Systemically Important Banks
The Financial Stability Board (FSB) has added one bank, Groupe BPCE, and dropped two, Nordea and Royal Bank of Scotland, from the 2018 list of global systemically important banks (G-SIBs). Decisions on which banks should be on the 2018 list was based on end-2017 data and a Basel Committee on Banking Supervision (BCBS) assessment methodology….
Recorded Webinar: Deploying regtech solutions for optimal compliance professional performance
Today’s atmosphere of heightened regulatory scrutiny is focusing attention on compliance departments and the tools available to mitigate the risk of regulatory censure. Much has been made of emerging regtech solutions’ ability to offer new capabilities, potentially changing the way compliance teams work. But what has been the true impact of regtech on the compliance…