RegTech Insight Regulatory Reporting & Data The latest content from across the platform
Skills and Systems Investment Surging in Financial Services, Finds TR Regulatory Intelligence Report
The right talent plays a crucial role in leveraging the benefits of RegTech within financial services firms, according to the fourth edition of Thomson Reuters’ annual regulatory intelligence report, released today. ‘Fintech, Regtech & the Role of Compliance in 2020: The Shifting Regulatory Role’ urges regulators and policymakers to ensure they have the appropriate up-to-date…
DTCC’s SFTR Community Swells to 160 Ahead of 2020 Deadline
A total of 138 clients have signed up to adopt, and more than 30 vendors have partnered with, the Global Trade Repository (GTR) service post-trade market infrastructure provider DTCC, in order to meet their regulatory obligations under the forthcoming European Securities Financing Transactions Regulation (SFTR). SFTR is expected to take effect for banks and broker-dealers…
Why the Finance Industry Needs Traceable Timing Across All its Operations
By Richard Hoptroff, Founder and CTO of Hoptroff London. As the virtual world expands, so do the applications for highly accurate, traceable time. Its most established industry is finance. If clocks on servers drift and are untraceable back to a verified source of universal time (UTC), conflicts can arise. Orders can look as if they…
HKMA Invites RegTech Tenders
The HKMA (Hong Kong Monetary Authority) is inviting tenders for the provision of professional services to help it facilitate the adoption of RegTech by the banking industry, with services expected to commence in May 2020. Submission details can be found in the tender document, which can be obtained upon request by email to regtech@hkma.gov.hk.
ESMA Consults on New MiFIR and MiFID II Regimes for Third-Country Firms
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has launched a consultation on draft technical standards on the provision of investment services and activities in the European Union (EU) by third-country firms under MiFIR and MiFID II, which will specify the information that third-country firms must provide to ESMA for the…
BearingPoint Expands Business in Sweden
BearingPoint RegTech has won Stockholm-based GCC Capital AB (GCC) as a new customer for its Abacus360 Banking solution, a Regulatory-as-a-Service (RaaS) model. GCC will use Abacus360 Banking to fulfil its EBA reporting. In addition to RaaS, the solution for GCC also includes professional services covering the use of a cloud-based data management solution as well…
ESMA Launches Supervisory Action On MiFID II Suitability Rules
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is launching a common supervisory action (CSA) with national competent authorities on the application of MiFID II suitability rules across the EU, to be conducted during 2020. The CSA will focus on the application of the MiFID II requirements on the assessment of…
SteelEye Outlines International Expansion and Product Development Plans Following Series A funding of $10 Million
SteelEye will extend its presence in Europe, evolve its regulatory compliance and data analytics products, and expand its team after raising $10 million of Series A funding in a round led by Eight Roads, the proprietary investment firm backed by Fidelity, and including its existing investor Illuminate Financial. Looking two years out, the company is…
Swiss Indices Endorsed Under the EU Benchmarks Regulation
SIX has received the approval by the Swedish Financial Supervisory Authority that its major Swiss Indices are compliant with the EU Benchmarks Regulation. The approval was granted for a total of 39 equity, fixed income and money market indices. The flagship indices SMI and SARON (the Swiss franc reference rate) are also included. The aim…
Recorded Webinar: Digital Investor Onboarding and Transformation for Asset Servicers and their partners
Transfer agents, fund administrators & custodians are endeavouring to deliver a better Investor Experience (IX) for their clients, seeking to differentiate their offerings and to truly deliver value adding services across the entire investor lifecycle. The race is on to stand out & better differentiate their firms, to showcase their technological onboarding & management prowess,…