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AI in FinCrime Prevention – 23 Thought Leaders to Watch in 2024
Financial crime (FinCrime) has escalated into a formidable challenge for global financial institutions, with estimated costs soaring to staggering levels. Regulatory bodies worldwide, including the U.S. Federal Reserve and the European Central Bank, have intensified scrutiny over financial institutions with compliance failures in this high-stakes environment coming with hefty penalties including fines reaching into the…
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…
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…
DORA: Preparing the Pathway to Enhanced Operational Resilience
By David Turmaine, Head of International at Broadridge Consulting Services, and Maria Siano, Head of International Strategy at Broadridge. Today’s digital world is increasingly complex, characterised by interconnected systems and data that is stored, and widely shared, online. Looking through a financial services lens, cyber threats and incidents are becoming more sophisticated, posing significant risks…
Managing Cognitive Dissonance in Regulatory Compliance with Corlytics
This past 18 months has been a time of significant growth for RegTech consolidator Corlytics. RegTech Insight recently spoke with founder and CEO John Byrne to delve into the Corlytics backstory and learn more about the company’s development. Corlytics is Byrne’s fourth company. He describes how, after the 2018 financial crisis, experiences at his prior…
Abaxx Exchange Selects Eventus for Trade Surveillance
Abaxx Exchange, a new marketplace based in Singapore, has chosen Eventus to provide its trade surveillance platform. Abaxx Exchange commenced trading on June 28, 2024, offering global futures on energy, metals, and other energy transition-focused commodities, starting with liquified natural gas (LNG) and carbon, with plans to introduce battery metals soon. Abaxx Exchange, under the…
Kaizen’s Single Rulebook Wins Award for Best Solution for Regulatory Change Management in A-Team Group RegTech Insight Awards Europe 2024
Kaizen’s Single Rulebook has won the award for Best Solution for Regulatory Change Management in A-Team Group’s RegTech Insight Awards Europe 2024. The London-based company’s product impressed judges with its ability to streamline compliance workflows. The RegTech Insight Awards recognise established providers and innovative newcomers that offer solutions that are successfully improving firms’ ability to…
Navigating the MiFIR Refit in 2024
The MiFIR Refit came into force in May to overhaul the European financial landscape with its focus on transparency and data integrity. Its ban on Payment for Order Flow aims to remove any vestiges of conflict of interest, while the consolidated tape is set to provide a comprehensive view of market data in a standardized…