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Regulatory Data Handbook 2024 – Twelfth Edition
Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and…
SEC Charges 26 Financial Firms for Record-Keeping Failures, Resulting in $392.75 Million in Penalties
The U.S. Securities and Exchange Commission (SEC) has taken enforcement action against 26 broker-dealers, investment advisers, and dually-registered firms for widespread violations in maintaining and preserving electronic communications. The charges highlight longstanding failures by these firms to comply with federal record-keeping requirements. The implicated firms admitted to the facts outlined in the SEC orders, acknowledging…
Consumer Duty is Transforming Wealth Management but there is Still Work to be Done
By Suman Rao, UK Managing Director, Avaloq. A year on from the implementation of Consumer Duty, its impact on the UK wealth management industry has been undeniable, causing a positive cultural shift across the industry as firms modify their practices and behaviours to ensure they provide fair value for clients. Navigating the regulation’s requirements has…
Automation Key to Overcome Implicit Cost Conundrum as PRIIPs Predicament Looms
By Kifaya Belkaaloul, Head of Regulation, NeoXam. With just over 150 days until the Packaged Retail and Insurance-based Investment Products regulation (PRIIPs) changes, the financial industry must confront a looming implicit costs conundrum – and fast. The update to the regulatory framework on January 1 seeks to ensure that asset servicers undertake a more detailed…
RegTech Insight Q&A: UPI Rollout for OTC Derivatives by DSB
It’s been a busy year at the Derivatives Service Bureau (DSB) with the successful rollout of the unique product identifier (UPI) for OTC derivatives. RegTech Insight (RTI) caught up with Emma Kalliomaki, Managing Director of DSB and the Association of National Numbering Agencies (ANNA), for a Q&A to better understand how supports industry-wide standards adoption…
Webinar Review: Harnessing the Wider Benefits of Data Identifiers
Almost three-quarters of capital markets participants are utilising data standards and identifiers beyond their immediate regulatory use cases, realising the huge benefits that ordered and consistent datasets can bring to an enterprise’s entire operations. The findings of an A-Team Group Data Management Insight poll showed that 40% of respondents said they are using the resources to a…
Jefferies Streamlines OTC Derivatives Clearing with AWS for T+1 and More
Investment Banking firm Jefferies has deployed AWS services to streamline OTC derivatives post-trade operations to meet the new T+1 settlement deadline. The implementation was presented as a case study at the recent AWS Summit in New York. The session was presented by Jefferies’ executives Sudhakar Paladugu, SVP Corporate Technology, and Manish Mohite, SVP Global Head…
A-Team Webinar: Best Practices in Regulatory Reporting – Data Quality, Standards and Stakeholder Communications
The recent A-Team webinar “Best Practices in regulatory Reporting” identified data quality, adoption of standards, and transparent stakeholder communications as recurring themes in an effective regulatory reporting strategy for today’s complex and rapidly changing regulatory environment. This webinar brought together experts from the practitioner and RegTech communities; Jehangir Abdulla, Head of Back Office Development at…
Recorded Webinar: Best practices for regulatory reporting
Regulatory reporting is a repetitive, time consuming and expensive business. At its best it requires robust data governance, automated data collection and reporting, standardised reporting formats, a centralised reporting system and a means to monitor and review regulatory change. Nothing new here – but there are emerging approaches and technologies that could lighten the load….
DTCC FICC Releases Tools to Help Firms Address Incoming SEC Central Clearing Mandate
The Fixed Income Clearing Corporation (FICC), a subsidiary of the Depository Trust and Clearing Corporation (DTCC), has launched two new publicly available tools to help participants navigate the financial obligations that come with membership in a clearing system. The facilities are aimed at helping firms address the post-trade implications of a Securities and Exchange Commission…