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Rethinking Regulatory Reporting with Regnology
In a financial services industry that moves millions in milliseconds, it’s sobering to realize that the regulatory reporting processes underpinning these markets remain stuck in the past. Despite advances in technology and regulatory data management, regulatory reporting operates primarily on what Maciej Piechocki, Chief Revenue Officer at RegTech and SupTech provider Regnology, calls “digitalized paper.”…
Upcoming Webinar: Detecting and Preventing Market Abuse
In an era of record-breaking fines and global regulators relentlessly expanding their oversight, preventing market abuse has become a major compliance challenge for financial institutions. In 2024 alone, we witnessed a major trading house settle for $55 million for improper handling of inside information and manipulative trading practices, while a global banking giant faced a…
Challenges of the New Regulatory Landscape: Data Management Summit London Preview
The regulatory landscape for financial institutions has rarely been in greater flux than now, placing new challenges on the technology and data that will be critical to satisfying the requirements of overseers. While digital innovations are offering organisations the opportunity to meet their compliance obligations with greater accuracy and efficiency, they are also encouraging regulators…
GenAI and LLM Adoption in Compliance: Implementation Insights from Saifr’s Harsh Pandya
The Saifr sponsored whitepaper – From Caution to Action: How Advisory Firms are Integrating AI in Compliance – published in November, had several key themes surrounding the adoption of generative AI (GenAI) enabled technologies for compliance functions by advisors and wealth management companies. We recently covered the theme of in-house versus vendor-supplied solutions in an interview…
Generali-Natixis Tie-up Highlights Data and Operational Complexities of Asset Management M&A
By Jeremy Katzeff, head of buy-side solutions at GoldenSource. After much speculation, it’s now confirmed. The asset management industry welcomes another mega fund to its ranks after the tie-up between the asset management businesses of Natixis and Generali Group. The reasons behind the merger are the same as they have been for the last few…
FINRA Requests Deadline Extension on SEC Approved 6500 Securities Lending Rules
In January, the Securities and Exchange Commission (SEC) approved the FINRA rule 6500 series requiring securities lending reporting. SEC rule 10c-1a, which mandates greater transparency in the securities lending market was adopted in October 2023 and requires market participants to report securities lending transactions to FINRA, and for FINRA to establish a system to facilitate…
CTA Reporting Suspended but BSA Obligations and BOI Risks Remain
Following a series of legal challenges and court rulings, the future of the Corporate Transparency Act (CTA) and the Beneficial Ownership Information (BOI) repository at the Financial Crimes Enforcement Network (FinCEN) remain unclear. Congress passed the CTA in 2021, and the law went into effect on January 1, 2024. The filing deadline for companies that…
19 RegTech Insights for 2025 from our RegTech Summits
The RegTech Summits in London and New York delivered a deep dive into AI-driven compliance, accelerated settlement, and evolving regulatory frameworks among other key RegTech topics, with industry leaders and regulators weighing in on the biggest challenges ahead. From the implementation of accelerated settlement cycles across global markets to the rise of generative AI (GenAI)…
DG FISMA Rejects the ESAs’ Draft RTS for DORA
Less than one week after the Digital Operations Resilience Act (DORA) came into full force in the EU, the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) issued a letter to the Chair of the Joint Committee of the European Supervisory Authorities (ESAs) rejecting the draft regulatory technical standards (RTS) submitted…
“No WhatsApp Ban” – FCA’s Transition from Prescriptive Rulemaking to Outcome-Focused Regulation
There was a flurry of headlines recently following statements from Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi on a podcast, where he laid out the FCA’s new five-year strategy and its mandate for growth. In response to a direct question about regulating encrypted messaging apps and WhatsApp specifically, Mr. Rathi stated that they’re not…