RegTech Insight Regulatory Reporting & Data The latest content from across the platform
Next Six Months Crucial for LIBOR Transition, FCA Urges Firms to Sign ISDA Protocol
The four to six months ahead of us are arguably the most critical period in the transition away from LIBOR, and the time to act is now. So says Edwin Schooling Latter, Director of Markets and Wholesale Policy at the UK’s Financial Conduct Authority, as he urges the financial services industry to prepare for one…
AxiomSL Reveals New FRTB Certification in Line with ISDA Benchmarking
AxiomSL, a provider of regulatory reporting and risk management solutions, has launched its new Fundamental Review of the Trading Book (FRTB-SA) and Counterparty Credit Risk (SA-CCR) certification – one of the first to provide clients with calculations in line with the International Swaps and Derivatives Association’s (ISDA) ‘golden source’ calculations. The rigorous golden source calculations…
AI to Assist Regulatory Compliance and Drive Transparency and Growth in an Uncertain World
By Lucas Wurfbain, Co-CEO, FeedStock. The impact of the Covid-19 pandemic on the asset management industry has been transformative and wide-ranging. Increased market volatility and a large-scale move to remote working environments, alongside the ever-present uncertainty that comes with almost daily changes in government policy are now the new normal. The regulatory environment has also…
Asset Control Partners with Finmechanics on FRTB Solution
Data quality software specialist Asset Control has joined forces with Singapore-based risk management and regulatory compliance firm Finmechanics to launch a new technology solution banks with an accelerated approach to FRTB implementation. Including both standardised approach and internal models approach (IMA) and other regulatory imperatives, the approach integrates data management with risk analytics, allowing non-modellable risk…
Gresham Boosts Regulatory Reporting Function with Inforalgo Acquisition
UK-based Gresham Technologies has completed its acquisition of data automation specialist Inforalgo Information Technology, in a move that will significantly expand the firm’s cloud capabilities across its Clareti data platform. Inforalgo specialises in cloud-hosted, straight-through-processing (STP) solutions and intelligent automation technologies for financial institutions, providing complex real-time connectivity delivered as a flexible automated service and…
SEC Approves Final Rules on Proxy Advisors
The US Securities and Exchange Commission has voted to adopt new rules requiring proxy advisors to provide companies with access to their voting advice at the same time as shareholders, following a protracted battle over the regulation of investment firms that has spanned several years. According to the SEC the new rules – which also…
EBA Seeks to Reduce Reporting Costs for Financial Firms
The European Banking Authority (EBA) is exploring ways to streamline supervisory reporting requirements and reduce reporting costs for financial institutions, especially smaller ones, as part of its drive to create a more “proportionate” regulatory and supervisory framework. Common supervisory reporting was first introduced in the EU back in 2013, and the EBA is mandated by…
FINRA CAT: What’s Next?
By Andrew Pheifer, CFA, CAIA, Director, EMS Product Management, SS&C Eze. The long-awaited Consolidated Audit Trail (CAT) is now live, ingesting billions of equity transactions daily from U.S. broker-dealers (Industry Members). The go-live has largely been considered a success, with more than 1,000 broker-dealers reporting into the CAT. The CAT’s origins date back to 2012…
Broadridge Announces Record New Signings as SRD II Deadline Approaches
In response to the upcoming September 3, 2020 deadline for the European Commission (EC)’s updated Shareholder Rights Directive (SRD II), Broadridge Financial Solutions this week confirmed a record number of new signings for its SRD II solution. “We are witnessing strong demand, and we are market-ready with our end-to-end solution across the shareholder communications chain,” says…
Recorded Webinar: Address Emerging Operational Risk and Alleviating Data Blind Spots with AI Powered Risk Management
The digitalisation of financial services is in full flight, as financial institutions strive to offer the same levels of service and improved customer experience that consumer markets have enjoyed for some time. This digitalisation – providing seamless access to appropriate services on demand – requires great emphasis on client data. This changing digital landscape, and…