Data Management Insight Regulatory Compliance The latest content from across the platform
Eagle Investment Systems Sets Out Growth Plans
Eagle Investment Systems, a subsidiary of BNY Mellon, is planning to build out its Access cloud technology platform with the addition of data centres hosting the solution in Europe and Asia Pacific to an existing data centre in the US. The company expects to open a European facility, most probably outside London, in June 2015…
What’s Missing from your Client Onboarding Process?
There’s now a spotlight shining on the process of client onboarding due to regulations that are driving change in what is typically a fragmented and decentralised approach. While many firms recognise that getting their onboarding house in order is essential to achieving regulatory compliance and avoiding hefty penalties, addressing those functions in isolation is not…
Final Call for Input to ESMA Study on a Messaging Protocol for Reporting under MiFIR
The European Securities and Markets Authority (ESMA) is canvassing market participants’ views on messaging protocols for transaction reporting under the Markets in Financial Investments Regulation (MiFIR) in a questionnaire with a response deadline of March 6, 2015. The questionnaire is part of a study on technical formats for MiFIR commissioned by ESMA and contracted to…
Recorded Webinar: The Data Management Challenges of Client Onboarding and KYC
A-Team Group recently held a webinar on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. If you missed it, don’t worry! You can register…
Opinion – BCBS 239 Compliance: Slip Slidin’ Away?
By Jennifer L. Costley, Ph.D., Principal, Ashokan Advisors “Slip slidin’ away Slip slidin’ away You know the nearer your destination The more you’re slip slidin’ away…” – Paul Simon A couple of weeks ago, the Basel Committee on Banking Supervision (BCBS) issued their second annual progress report on the adoption of the Committee’s Principles for…
Alacra and Accuity Partner to Integrate Bankers Almanac with Alacra Compliance Enterprise
Accuity and Alacra have partnered to integrate data from Accuity’s Bankers Almanac with the Alacra Compliance Enterprise (ACE) workflow application. The partnership includes integration of Bankers Almanac’s Due Diligence Data File with ACE and is expected to increase the speed and efficiency of client onboarding. The partnership has been made in response to client requests…
Opinion – Tougher Stress Tests Bring Banks to an Impasse: Revolutionise or Fail
By Peter Ku, Senior Director of Global Financial Services, Informatica Just before Christmas, the results of the first stress testing exercise for the UK banking system were revealed. The test scenarios modelled a financial doomsday, in which the housing market crashes, unemployment spikes and inflation rises. The aim of the exercise was to determine which…
A-Team Webinar Offers Solutions to the Data Management Problems of FATCA
The US Foreign Account Tax Compliance Act (FATCA) raises significant data management challenges, but it is only one of a number of tax avoidance schemes that are emerging, making a strategic rather than tactical approach the best way to achieve compliance. The challenges of FATCA were discussed during a recent A-Team Group webinar entitled ‘How…
A-Team Webinar Discusses the Next Frontier of Customer Due Diligence
Customer onboarding processes are often complex and burdensome, leading to poor customer service despite significant investment and costly penalties resulting from non-compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These problems can damage financial firms’ customer relationships, reputations and ongoing business, but they are not insurmountable if collaborative technology approaches are embraced…
Recorded Webinar: How to Meet FATCA Requirements
A-Team Group recently held a webinar on the topic of How to Meet FATCA Requirements, discussing the data management challenges FATCA presents and suggests how firms can best meet the regulation’s requirements.