RegTech Insight Risk Management & GRC The latest content from across the platform
Build vs buy? It’s already too late
By Sylvain Thieullent, CEO of Horizon Software. After a prolonged period of firefighting to solve problems right up until deadline day, the industry could be forgiven for thinking that their MiFID II worries were now behind them. However, over two years on from implementation day, the market may have to brace itself for further changes to…
New Solutions Emerge to Help Firms Address SRD2 Issues
A surge of new solutions is emerging to help firms meet the data challenges of Shareholder Rights Directive II (SRD2), which came into force on September 3, 2020 despite pleas from the industry for a delay due to Covid-19 pressures. “We ask you to consider, as a matter of urgency, a delay in the implementation…
AxiomSL Expands in Europe with New Confinale Partnership
AxiomSL has partnered with Confinale, an IT consulting and software development company specializing in the banking sector, in a move intended to expand the firm’s presence in Switzerland, Germany and Liechtenstein. The collaboration will provide clients including the Swiss National Bank, Financial Markets Authority Liechtenstein, and Bank Centrale du Luxembourg with AxiomSL’s end-to-end risk and regulatory…
VP Bank Taps AxiomSL for Multi-Jurisdictional Reporting
VP Bank, one of Liechtenstein’s largest banks, is planning to consolidate its risk and regulatory reporting using AxiomSL’s ControllerView platform as the foundation for compliance across its key centres of operation: Liechtenstein, Luxembourg, Singapore and Switzerland. The bank expects to leverage the implementation to launch a strategic expansion in these areas. Regulatory reporting is emerging…
Recorded Webinar: How Financial Institutions can adjust to working in the New Normal
The very sudden impact of Covid-19 and resultant shutdown of physical sites has stress-tested financial institutions and vendors to their limits. Now banks and firms are slowly starting to re-open offices. But what will the new normal look like and what steps should you be taking now to make the most of this situation? This…
ACA Compliance Pushes Ahead with Ambitious Expansion Plans
ACA Compliance Group (ACA), a provider of governance, risk, and compliance (GRC) advisory services and technology solutions, last month successfully secured $40 million in new funding from its existing investor group, led by Starr Investment Holdings (SIH), which acquired a controlling interest in ACA in 2018. The influx of cash looks likely to push ACA’s…
FINRA Starts the Clock on OATS Retirement
By Peter Gargone, CEO at n-Tier. FINRA’s August 14 SEC rule filing, coupled with its July 29 compliance webinar, provide the clearest view yet on FINRA’s approach to enforcing CAT regulatory compliance and achieving the industry’s goal of retiring OATS reporting. Peter Gargone of compliance software specialist n-Tier discusses the complexities of the transition, and the…
AML Penalties Increase in APAC as Regulators Rev their Engines
By the end of July 2020, AML, KYC and sanctions fines for global financial institutions reached $5.6 billion, according to the latest findings from client lifecycle management specialist Fenergo. Notably however, although overall penalties were actually down by a third compared to the same period last year, fines issued by APAC regulators related to AML…
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…
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…