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EU’s Landmark MiCA Framework Affirms Value of LEI in Crypto-Asset Regulation
By Stephan Wolf, CEO of the Global LEI Foundation. With the crypto-asset market experiencing sustained instability and volatility following the high-profile collapse of the cryptocurrency exchange FTX, regulatory activities have taken on new intensity and urgency. Emergent initiatives are being realised, and in May 2023, the EU finally adopted the long-awaited and much-debated Markets in…
Informatica Wades into Privacy Segment with Privitar Acquisition
Informatica’s agreed purchase of privacy specialist Privitar signals its intent to extend the data access management, privacy and governance capabilities integrated in its Intelligent Data Management Cloud (IDMC). Privitar was founded in 2014 to help organisations address issues raised by the EU’s General Data Protection Regulation (GDPR) and other privacy-related rules and guidelines. Today, Privitar…
SteelEye Reports Increasing Demand for Integrated Surveillance as Regulatory Crackdown Continues
Demand for integrated trade and communications surveillance among financial institutions has surged by 100% this year following heightened regulatory scrutiny across financial markets, according to recent research by SteelEye. The company’s 2023 Annual Compliance Health Check Report, which surveyed more than 300 senior financial services compliance and risk professionals, found integrated surveillance is now a…
ESMA Data Strategy Proposes More Tech, Less Cost in Reporting Compliance
The European Securities and Markets Authority (ESMA) has published its data strategy for 2023 to 2028. Key agenda points include using new data-related technologies, reducing reporting compliance costs for regulated entities, enabling effective use of data at both EU and national level, and making data more broadly available to the public. The five-year ESMA data…
An Industry Update on FRTB Implementation in APAC
Implementation of Fundamental Review of the Trading book (FRTB) regulation across APAC raises many challenges, not least fragmentation of the regulation across jurisdictions in the region, fulfilling complex requirements of the regulation, sourcing necessary data, and selecting the internal or standarised model approach for specific trading desks. While the challenges are significant, and FRTB has…
Recorded Webinar: How to optimise and streamline regulatory reporting using outsourced and managed services
Regulatory reporting remains a top agenda item at many financial institutions as they struggle to implement new regulations and updates, capture and manage required data, and achieve compliant reporting. These issues can pile pressure onto compliance teams and drain resources from other parts of the business, but there are solutions. This webinar will consider how…
Nasdaq Enters Definitive Agreement to Acquire Adenza, Plans Expansion of Regtech Reach
Nasdaq has entered a definitive agreement to acquire Adenza, a provider of risk management and regulatory solutions, from software investment firm Thoma Bravo. The $10.5 billion cash and shares deal will significantly increase Nasdaq’s offerings across regulatory technology, compliance, and risk management, and complement its marketplace technology and anti-financial crime solutions. It will also expand…
ICE Benchmark Administration Provides Update on LIBOR Cessation and Synthetic LIBOR
ICE Benchmark Administration (IBA), the authorised and regulated administrator of LIBOR, has provided an update on LIBOR settings yet to be ceased and synthetic LIBOR methodologies. The UK FCA issued its final messages on LIBOR at the end of May 2023, prior to the end of the US dollar LIBOR panel and reminding market participants…
Fenergo Combines KYC and Transaction Compliance to Provide Real-Time Customer Intelligence
Fenergo has released KYC & Transaction Compliance, an offering for fintechs – and later financial institutions – that combines the company’s KYC and transaction monitoring solutions to provide a single, integrated SaaS solution that continuously monitors customer profiles and detects suspicious transaction activities, including money laundering and terrorist financing, in real time. KYC & Transaction…
VerifyVASP Becomes First LEI Validation Agent Operating Exclusively in Crypto and Digital Asset Trading
VerifyVASP, a Singapore-based RegTech solution provider to virtual asset service providers (VASPs), has joined the Global LEI System as a validation agent. The company is the first validation agent to operate exclusively in the crypto and digital asset trading space. As a validation agent, VerifyVASP can help obtain Legal Entity Identifiers (LEIs) for its VASP…