RegTech Insight Regulatory Reporting & Compliance The latest content from across the platform
Accenture Acquires NIKE Group in RegTech Push
Accenture has successfully acquired NIKE Group, an Italian consulting firm that provides RegTech services and solutions to financial services firms, in a deal first announced on 14 April. NIKE Group’s data-driven approach and compliance platform help clients monitor new regulatory requirements and assist with compliance. The NIKE Group team will join Accenture’s Italian Financial Services practice. Financial…
Saudi G20 Presidency and BIS Launch RegTech Innovation Hub
The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub have launched the G20 TechSprint Initiative to highlight the potential for new technologies to resolve regulatory compliance (RegTech) and supervision (SupTech) challenges. The problem statements identify challenges in regulatory reporting, analytics, and monitoring and supervision, and have been developed from submissions received from Financial Stability…
FCA Warns Firms on LIBOR Transition
The FCA has doubled down on its plans to phase out LIBOR by the end of 2021, warning in a 29 April statement that “it remains the central assumption that firms cannot rely on LIBOR being published after the end of 2021.” Although the regulator recognises the challenges presented by the current operating environment under…
DASH Enters the Cloud with Regulatory Compliance Suite
DASH Regulatory Technologies – the RegTech-focused affiliate of capital markets technology and execution services provider DASH Financial Technologies – has expanded its cloud offering with the launch of DASH 360R, the next generation of its LDB platform for US regulatory capital calculation and reporting compliance. In the US, broker-dealers are required by the SEC and FINRA to maintain specified…
Relief Over SFTR Alignment Following Treasury Statement
The UK Treasury released a statement last week confirming plans to align post-Brexit legislation with the EU’s Securities Financing Transactions Regulation (SFTR), the first phase reporting requirements of which are due to come into force in July, 2020 (delayed from the original 13 April deadline to to COVID-19 pressures). The regulation requires firms to report…
LIBOR Transition and COVID-19: Could a Delay be on the Cards?
By Navin Rauniar, Partner in charge of LIBOR Transition, TCS. Back in March, RegTech Insight explored the relation of FRTB and the LIBOR Transition. There is a strong relationship between both initiatives, and we now find COVID-19 adding further complexity to this relation, especially between the recent delays to the regulatory landscape and the impact…
UK’s Investment Association Selects ipushpull for New FinTech Accelerator
Ipushpull, an enterprise platform allowing secure live data sharing and workflow automation, has been chosen by The Investment Association (IA) to be part of its latest FinTech hub, ‘IA Engine’. The programme connects FinTech innovators with investment managers to develop focused tech solutions. “We are delighted to be part of the IA’s unique programme driving…
SEC Delays CAT Reporting Due to COVID-19 Concerns
The US Securities and Exchange Commission (SEC) has confirmed a delayed start for Consolidated Audit Trail (CAT) reporting, upon condition of compliance with certain other obligations, including milestones related to testing and releases of CAT functionality, as well as all other compliance dates for broker-dealer reporting to the CAT. Although the original reporting deadline for…
Industry Associations Warn that COVID-19 Could Cause Problems for SRD II
The International Securities Lending Association (ISLA) has joined forces with a multitude of other industry associations to urge a 12-month delay in the implementation of the regulation, laid out in an open letter to the European Commission. Currently scheduled to come into force on 3 September 2020, the regulation is an amendment to SRD I…
Evidology Integrates RegTech Platform with Microsoft Office 365
London-based compliance management specialist Evidology Systems has integrated its second-generation RegTech platform QED with Office 365, bringing the visibility of principles-based regulations into daily business workflows. The QED (Quality and Evidence Driven) platform, launched back in November 2019, combines real-time specialist legal opinion with principles-based regulations compliance software. Using an industry-standard visualisation tool and intranet…