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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…
REGnosys Contributes Rosetta Language to FINOS
REGnosys has contributed its proprietary language, formerly known as the Rosetta DSL (Domain-Specific Language) and now renamed Rune, to the Fintech Open-Source Foundation (FINOS). This move is part of REGnosys’s broader mission to foster industry-wide collaboration and innovation in regulatory reporting through open-source solutions. Rune, the language underpinning REGnosys’s digital regulatory reporting solution, is now…
Regulatory Reporting: Best Practices in 2024 and Beyond
Regulatory reporting can often feel like an endless and expensive grind. Achieving reporting excellence demands robust data governance, seamless automated data collection, standardized reporting formats, a centralized system, and a proactive approach to regulatory changes. While these requirements are well-understood, they are hard to implement. But emerging AI-powered solutions are beginning to show efficiency gains…
Recorded Webinar: Best practices for compliance with EU Market Abuse Regulation
EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation, technology and culture, financial institutions continue to struggle to stay on the right side of the…
RegGenome Launches GenAI-Optimised Reg-Data Repository
RegGenome, a spin-out from the University of Cambridge, has launched an enriched regulatory data repository powered by Generative Artificial Intelligence (GenAI). This solution aims to address the increasing regulatory costs and complexities faced by firms by leveraging advanced AI technologies for regulatory operations and compliance management. A study by Accenture indicates that while 93% of…
Financial Firms Reliant on Management by Policy for Comms Compliance, Survey Finds
Management by policy – specifically bans on communications channels, particularly WhatsApp – remains the most the most common approach among financial institutions to ensuring secure, compliant communications, according to a survey from archiving specialist Global Relay. Although the figure dropped by 15% from a year, 43% of survey respondents said bans were their preferred solution….