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Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant
When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response…
FundGuard $12 Million Raise to Address Regulatory Stress on Transparency in Fund Administration
New York-based FundGuard, a pioneer in the use of AI in investment management and asset services, has completed a $12 million series A funding to finance its solution for meeting increased regulatory demands for transparency and resilience in the fund administration segment. The new round, led by Israeli venture capital firm Team8 and existing investors…
How to Manage Dual Sanctions Compliance Post Brexit Addition of UK Regime to EU Regulation
Brexit created a number of regulatory compliance challenges for financial institutions in the UK, not least a change to sanctions regulation that is set out in the Sanctions and Anti-Money Laundering Act 2018, and is fundamentally different to EU sanctions regulation. If your organisation falls within scope of the new UK sanctions regime or both…
Clearstream Taps Xceptor to Boost Withholding-Tax Processing for Custodians
Central securities depository Clearstream has teamed with Xceptor to redefine its capabilities for withholding-tax processing for its custodians and other financial intermediaries. The upgraded service is aimed at helping institutional investors address deal complex and cumbersome, often-manual processes for handling withholding tax across global markets and asset classes. With tax authorities globally elevating the level…
Automated-Intelligence Launches Regulatory Risk Scoring with hivera
At the start of this month, data management specialist Automated-Intelligence (which provides data insight, risk identification and compliance reporting to financial services firms through its cloud-based solution, AI.DATALIFT), made headlines with the launch of its long-awaited new RegTech platform – allowing Chief Risk Officers and Heads of Compliance to visualise and mitigate the regulatory risk across their…
Qomply and Bovill Team Up on Regulatory Audits
Qomply, a RegTech firm specializing in transactions reporting for MiFIR, SFTR and EMIR, has joined forces with global financial services regulatory consultancy Bovill to develop an end-to-end transaction reporting service for financial institutions. Powered by Qomply’s technology, Bovill will streamline its HealthCheck services to provide clients with immediate feedback on the accuracy and completeness of…
IFRS 9 Methodology and Model Management Post Pandemic
By Mahim Mehra, Senior Risk Advisor, and Yoon Sik Ma, VP, Product Manager, AxiomSL. Complying with the credit-risk analytics and credit- impairment requirements under International Financial Reporting Standard (IFRS) 9 has forced financial institutions to change how they organize, calculate, and examine their credit data. Organizations have had to reconcile data across risk, finance, and…
Coronavirus Impact Upends Company Data Disclosure
By Rosy Bitar, Head of Company Financials Data, and Brandon Emmerich, Technical Product Manager, at Bloomberg. Among Covid-19’s widespread effects, the virus has thrown a wrench into a vital process within the financial markets: the disclosure of company data that investors use to inform their positions and trades. The pandemic has altered publicly traded companies’…
Two Golden Sources: How Will the New FCA FIRDS System Hold Up Post-Brexit?
At the end of 2020 the UK’s Financial Conduct Authority (FCA) lost access to the EU’s MiFID database: instead launching its own FIRDS system. It’s a big change, and it could have a significant impact on the way firms are able to manage their transaction reporting requirements. The new FCA FIRDS database was built to…
Q&A: The Future of Regulatory Reporting
Tom Wieczorek, MD of Global Product Management at UnaVista, part of the London Stock Exchange Group, gives us his unique insights into the key challenges and opportunities within today’s rapidly evolving regulatory reporting environment – and what firms should be doing to stay ahead. What are the key functional challenges for those seeking to implement…