RegTech Insight Risk Management & GRC The latest content from across the platform
Are You Ready for RegTech Virtual 2020?
We’ve only got a week to go, and our brand new and fully virtual RegTech Summit is fast approaching. One of the most innovative, exciting and engaging platforms we have ever worked on, we are delighted to bring you two days of unique, insightful and cutting edge content on the most pressing regulatory challenges of…
EU Regulator Offers Guidance on Cloud Outsourcing
ESMA has issued new guidance this month to help financial providers understand their compliance responsibilities when outsourcing functions or investment activities to cloud-based providers. Published on 3 June in in draft form and currently open to consultation, the proposals are designed to help firms mitigate the risks that they are exposed to when outsourcing to…
ONE Appointed by Maitland to Provide Compliance Technology
ONE regulatory has been appointed by global advisory and family offices firm Maitland to implement R-ONE, a cloud-based compliance technology and workflow tool. ONE group provides fund management solutions including third-party Management Company, Regulatory & Compliance Advisory, Corporate Secretary and Governance Technology solutions to asset, wealth and fund managers through offices in Luxembourg, London and…
Communications = Key Compliance Concern During Covid-19
COVID-19, lockdown, working from home and self-isolation are now well established across the financial industry, but how are compliance teams impacted? A recent survey on market abuse monitoring from SteelEye found that almost half (40%) of the 80 market participants have seen their compliance budgets increase since the lockdown, with monitoring communications seen as the…
Basel IV FRTB Changes Leave Financial Institutions Asking: How Do You Spell Difficult? “F-R-T-B”
By Mahim Mehra, Senior Risk Advisor, AxiomSL. With the original introduction of the Fundamental Review of the Trading Book (FRTB), the Basel Committee on Banking Supervision (BCBS) completely rewrote the rules used to determine how much capital financial institutions must hold in order to adequately capitalize their exposure to market risk. The previous FRTB changes…
West African Development Bank (BOAD) Selects Wolters Kluwer’s OneSumX Solution for Risk Management
BOAD, the common development finance institution of the member countries of the West African Monetary Union (WAMU), specifically selected the Asset and Liability Management (ALM), Liquidity Risk, Market Risk, and Credit Risk components of OneSumX for Risk Management, to monitor performance, profitability and capital adequacy (both regulatory and economic). To assist in the bank’s decision making, the solution will also…
And the Winner Is….
The results are in, and A-Team Group is delighted to announce the winners of our annual RegTech Insight Awards, celebrating the very best and most innovative solutions and providers within the fast-growing RegTech space. Now in their fourth year, the prestigious annual awards recognise both established solution providers and innovative newcomers, seeking to herald and…
LIBOR Transition and COVID-19: Could a Delay be on the Cards?
By Navin Rauniar, Partner in charge of LIBOR Transition, TCS. Back in March, RegTech Insight explored the relation of FRTB and the LIBOR Transition. There is a strong relationship between both initiatives, and we now find COVID-19 adding further complexity to this relation, especially between the recent delays to the regulatory landscape and the impact…
Industry Associations Warn that COVID-19 Could Cause Problems for SRD II
The International Securities Lending Association (ISLA) has joined forces with a multitude of other industry associations to urge a 12-month delay in the implementation of the regulation, laid out in an open letter to the European Commission. Currently scheduled to come into force on 3 September 2020, the regulation is an amendment to SRD I…
FRTB Calculation Debates Centre on Style, When They Should be Focusing on Substance
By Tim Versteeg, Managing Director of APAC at NeoXam. It’s been a turbulent few years for financial institutions when it comes to regulations, and 2020 is no different. With FRTB set to come in at the end of the year, financial institutions are devoting significant time and resources to comply with the regulation. For the…