Data Management Insight Regulatory Compliance The latest content from across the platform
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…
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…
CFTC and FCA Collaborate on Fintech Development for Regulatory Best Practice
The US Commodity Futures Trading Commission (CFTC) and the UK Financial Conduct Authority (FCA) have agreed to collaborate and support innovative firms through their respective fintech initiatives, LabCFTC and FCA Innovate. The so-called Cooperation Arrangement on Financial Technology Innovation (FinTech Arrangement) supports both regulators’ efforts to facilitate responsible fintech innovation and ensure international collaboration on…
Thomson Reuters Adds Holistic Risk Management Solution to Connected Risk
Thomson Reuters has extended its Connected Risk platform to include a commercialised risk management solution designed to help customers develop more holistic, effective risk management programmes aligned with their risk methodology and business strategy. Thomson Reuters Risk Management is the latest solution added to Connected Risk. It assembles diverse types of risk and delivers a…
Thomson Reuters Data Privacy Advisor Plays into GDPR Compliance
Thomson Reuters’ introduction of Data Privacy Advisor, a research platform that brings together the company’s expertise and a Q&A feature based on IBM’s Watson artificial intelligence (AI) technology, plays well into compliance with General Data Protection Regulation (GDPR), the next data privacy milestone, which comes into force in May 2018. The platform combines Thomson Reuters’…
Best Practice Approaches to GDPR Compliance
Compliance with General Data Protection Regulation (GDPR) is an extensive undertaking for financial services firms, but it also generates benefits including reduced risk and cost, improved data security, new business cases, and the availability of trusted information for analytics. The challenges and opportunities of GDPR were discussed during a recent A-Team Group webinar moderated by…
Recorded Webinar: GDPR Programme Insights for GDPR Readiness
General Data Protection Regulation (GDPR) takes effect on May 25, 2018, requiring financial institutions to meet stringent new rules on managing the personal data of EU residents, and setting astronomic fines for those that fail to comply. The webinar will discuss the broad data management challenges posed by the regulation, the GDPR articles your data…
The Governance, Risk and Compliance Trends Set to shape 2018
By: Doug Morgan, Group Chief Executive, Cordium The past few years have been challenging for the compliance teams of financial firms and 2018 will be no different – if anything, the pace of evolution is set to accelerate on a number fronts. From input gathered from clients and industry contacts, Cordium has pulled together a…
Firms Need a Strategic Approach to the 2018 Regulatory Agenda
The 2018 regulatory agenda is in motion, with Packaged Retail and Insurance based Investment Products (PRIIPs) going live on January 1st, and Markets in Financial Instruments Directive II (MiFID II) and Markets in Financial Instruments Regulation (MiFIR) taking effect on January 3rd. Looking forward, the compliance deadline for General Data Protection Regulation (GDPR) is May…