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SoftLab9 Signs Agreement with Moody’s Subsidiary Bureau Van Dijk
Software development company SoftLab9 has signed an agreement with Bureau Van Dijk (BVD), a subsidiary of Moody’s credit agency, to provide global company information for SoftLab9’s EnhanceComply.com compliance products. “[BvD] enhance our coverage with the world’s most comprehensive data sets, including beneficial ownership, corporate structure, and more. Adding these capabilities will make SoftLab9’s enhanced due diligence one of…
Apex Group Selects AQMetrics to Power Regulatory Reporting Teams
Apex Group, the fifth-largest fund administrator in the world with over $610 billion in assets under management, has selected RegTech firm AQMetrics as its regulatory reporting technology solution. Apex plans to utilise AQMetrics for its ESMA, CFTC and SEC regulatory reporting requirements. The integrated AQMetrics platform will deliver a full suite of multi-jurisdictional regulatory reporting…
Brexit Uncertainty: Putting MiFID II Tactics to the Test
Last week, software and services provider GoldenSource released new Brexit-specific datasets to help banks prepare for the worst in the event of a no-deal Brexit on March 29. With the prospect of any deal still very much up in the air, and only 10 days to go till the deadline, concerns are running high. So…
EVIA Calls for Clarification and Consistency Around Scope of MiFID II
Following the German Finance Ministry’s recent call for feedback on MiFID II and MiFIR, one year on from implementation, the European Venues and Intermediaries Association (EVIA, formerly known as the Wholesale Markets’ Brokers Association), has raised numerous concerns around the lack of clarity and consistency of regulatory interpretation across markets. Despite praising the benefits of…
MiFIR Data in a No-Deal Brexit World – Learn More at the DMI Summit 2019
The impact of a no-deal Brexit on data requirements under MiFIR is becoming clearer – and the implications are serious. While the L1 and L2 level MiFIR regulations will remain largely unchanged, the MiFIR data reporting landscape across the EU after a no-deal Brexit will change significantly in operational terms. Mateusz Hojda of the Business Reporting –…
Investors Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting
Investors Bank, a New Jersey institution with 151 branches and around $25 billion in assets, has chosen Wolters Kluwer’s OneSumX solution for regulatory reporting. OneSumX for Regulatory Reporting is set up to use a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service, which actively monitors regulation…
Central Bancompany Chooses Wolters Kluwer for Change Management
Missouri’s Central Bancompany has chosen to implement Wolters Kluwer’s regulatory change management solution across its 13 affiliate banks. OneSumX for Regulatory Change Management tracks regulatory changes and maps them to specific lines of business, providing enhanced risk and controls assessment. Central Bancompany also uses Wolters Kluwers’ OneSumX Risk and Controls Assessment to manage its enterprise…
GoldenSource Releases New Datasets to Help Banks with Brexit Reporting Changes
Software and services provider GoldenSource last week announced the release of a series of new Brexit-specific datasets via its enterprise data management solution, to help banks prepare for differing regulatory demands in the wake of the UK’s expected departure from the EU on the 29th March 2019. The firm implemented the move in response to…
Data Breaches Up 480% in 2018, but is GDPR Compliance the Answer?
The number of data breaches reported by UK financial services firms to the Financial Conduct Authority (FCA) increased by 480% in 2018, up to 145 up from just 25 in 2017. Is this solely down to the new GDPR regime, or are there a wider problems at play – and how can firms leverage new…
Senior Managers & Certification Regime: Six Major Challenges for Financial Firms
The FCA’s Senior Managers and Certification Regime (SM&CR) is topping the list of regulatory challenges for financial institutions in 2019, with the December 9 deadline throwing up new challenges and concerns around the way firms must handle their duties, process their data and implement internal procedures. Martin Lovick, Senior Principal Consultant at governance, risk and…