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Everything You Need to Know About the EU Whistleblowing Directive
It is widely acknowledged that employees who report misconduct within their organisations play a key role in exposing breaches and preventing similar incidents from happening in the future. However, potential whistleblowers are often discouraged from reporting their concerns or suspicions for fear of retaliation. In this context, the European Union deemed it necessary to provide…
SteelEye Gains SOC 2 Certification
Compliance and data analytics provider SteelEye has secured System and Organisation Controls (SOC) 2 certification. Defined by the American Institute of CPAs (AICPA), and covering the principles of Security, Availability, Confidentiality, Processing Integrity and Privacy, SOC 2 assesses firms’ safeguarding of customer data. The accreditation underpins SteelEye’s efforts to ensure robust data security.
Concern Remains as Delay, Revision and Data Hang Over FRTB
The proposed Fundamental Review of the Trading Book (FRTB) was formulated to protect banks against a repeat of the devastation caused to the sector during the 2008 financial crisis. Initially suggested in 2012, it was drawn up in 2016 by the Basel Committee on Banking Supervision (BCBS), and revised in 2019 with a view to…
Regulatory Change Management – What Does the Future Hold?
The ability of financial institutions to respond successfully to regulatory change is essential to ensure the integrity of the financial services industry. Yet operating the requisite change management programmes can often prove costly and onerous. On a recent A-Team Group webinar, a group of industry experts shared their unique thoughts on how to approach an…
EU Asserts ‘Strategic Autonomy’ in Post-Brexit Regulatory Landscape
With Brexit now ‘done’, the EU is taking stock of its regulatory environment as it settles down to life without the UK and its all-important financial capital London. The EU will spend 2022 setting out its regulatory stall as the UK seeks to differentiate itself from its former stablemates. What’s emerging is a multi-pronged regulatory…
PKO Bank Polski Selects SS&C FRTB Solution
PKO Bank Polski has implemented SS&C’s Fundamental Review of the Trading Book (FRTB) standardised approach solution. As part of an update of its risk management framework, the bank will use SS&C’s FRTB solution to calculate risk sensitivities and provide FRTB-specific calculations and workflows, extensive model coverage, high performance, scalability and extensibility through APIs. The bank…
Recorded Webinar: Regulatory change management – challenges, solutions and case studies
Regulatory change has become part of the fabric of capital markets. It has also become increasingly complex as more regulations are introduced, significant amendments are made frequently, and small changes are made on a rolling basis – the whole made more difficult by jurisdictional interpretation and the UK’s amended regulatory regime post Brexit. If keeping…
Surveillance Experts Discuss Impact on Segment of WFH
In case you missed it, watch below to hear this panel at our recent RegTech Summit Virtual discuss managing trade and communications surveillance in the new world of work. The panelists include: Moderator: Matthew Bernstein, Information Governance Strategist, MC Bernstein Data Yasmine Li, Head of EMEA Surveillance, Macquarie Group Stan Yakoff, Head of Americas Supervision,…
Finastra Adds €STR, TONAR and SORA Rates to Fusion LIBOR Transition Calculator
Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on December 31, 2021. In addition to SOFR for the US dollar and SONIA for pounds…
RegTech Summit Virtual: The Outlook for Regulatory Compliance and RegTech in a Digital Economy
The role of digital transformation in the growth of the RegTech sector cannot be overstated, but a number of complex challenges and barriers to more widespread adoption remain. Launching A-Team Group’s two day RegTech Summit, this first panel brought together a group of leading industry figures to discuss the major compliance issues from the perspective…