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RegulAItion Signs Up Open Data Institute for New AIR Platform
Data platform company RegulAItion has confirmed the Open Data Institute (ODI) as a key partner in the development of its new AIR Platform, a cross-sector data initiative hoping to revolutionise the fight against financial crime. Announced in July 2020, the AIR Platform promises to transform the way in which data is accessed by regulated industries, providing…
Acin Wins First Funding Round From Notion Capital, Fitch Ventures
Acin, a data standards firm seeking to digitise operational and non-financial risk, has secured $12 million in a Series A funding round led by European SaaS investor Notion Capital and supported by Fitch Ventures, the investment arm of credit ratings and research giant Fitch Group. RegTech Insight talks to Acin CEO Paul Ford to learn…
AxiomSL Could Be Up For Sale – But Who’s Buying?
There are rumours that risk data management and regulatory reporting specialist AxiomSL could be up for sale, with interest from several private equity firms. If true, it would only be the second round of institutional funding for the firm since it was founded in 1991, following the strategic stake taken back in 2017 by current owner,…
Regulatory Data Handbook 2020/2021 – Eighth Edition
This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to…
ESMA Releases Long-Awaited Third-Country Draft Rules
ESMA this week published its final report containing draft rules for third-country firms providing investment services in the EU under the MIFIR and MiFID II regimes. The document should provide some long-awaited clarity around the ability of third-country firms to operate in Europe – including, of course, the UK, upon its final departure from the…
Are the Complexities of the New IFR Regime to Investment Firms as Kryptonite is to Superman?
By Richard Moss, Global Product Manager, Capital, AxiomSL. Even though investment firms have very different primary business models and risk profiles as opposed to lending institutions, to date, for regulatory purposes many have been considered credit institutions and accordingly report under the Basel-driven capital requirements regulation (CRR). The CRR approach is too broad to effectively…
FCA: UK Banks Are Failing in Their AML Approach
UK banks are not taking anti-money laundering controls seriously enough, with some still viewing AML protections as unnecessary. This was the concern raised by Financial Conduct Authority (FCA) director of enforcement and market oversight Mark Steward, speaking to reporters at the FCA annual public meeting last week – and the regulator is ready to crack…
Build vs buy? It’s already too late
By Sylvain Thieullent, CEO of Horizon Software. After a prolonged period of firefighting to solve problems right up until deadline day, the industry could be forgiven for thinking that their MiFID II worries were now behind them. However, over two years on from implementation day, the market may have to brace itself for further changes to…
New Solutions Emerge to Help Firms Address SRD2 Issues
A surge of new solutions is emerging to help firms meet the data challenges of Shareholder Rights Directive II (SRD2), which came into force on September 3, 2020 despite pleas from the industry for a delay due to Covid-19 pressures. “We ask you to consider, as a matter of urgency, a delay in the implementation…
AxiomSL Expands in Europe with New Confinale Partnership
AxiomSL has partnered with Confinale, an IT consulting and software development company specializing in the banking sector, in a move intended to expand the firm’s presence in Switzerland, Germany and Liechtenstein. The collaboration will provide clients including the Swiss National Bank, Financial Markets Authority Liechtenstein, and Bank Centrale du Luxembourg with AxiomSL’s end-to-end risk and regulatory…