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Qomply and Bovill Team Up on Regulatory Audits
Qomply, a RegTech firm specializing in transactions reporting for MiFIR, SFTR and EMIR, has joined forces with global financial services regulatory consultancy Bovill to develop an end-to-end transaction reporting service for financial institutions. Powered by Qomply’s technology, Bovill will streamline its HealthCheck services to provide clients with immediate feedback on the accuracy and completeness of…
IFRS 9 Methodology and Model Management Post Pandemic
By Mahim Mehra, Senior Risk Advisor, and Yoon Sik Ma, VP, Product Manager, AxiomSL. Complying with the credit-risk analytics and credit- impairment requirements under International Financial Reporting Standard (IFRS) 9 has forced financial institutions to change how they organize, calculate, and examine their credit data. Organizations have had to reconcile data across risk, finance, and…
Coronavirus Impact Upends Company Data Disclosure
By Rosy Bitar, Head of Company Financials Data, and Brandon Emmerich, Technical Product Manager, at Bloomberg. Among Covid-19’s widespread effects, the virus has thrown a wrench into a vital process within the financial markets: the disclosure of company data that investors use to inform their positions and trades. The pandemic has altered publicly traded companies’…
DTCC Releases White Paper on Managing Post-Covid Risk
The Depository Trust & Clearing Corporation (DTCC), a provider of market infrastructure for the global financial services industry, has released a white paper identifying key priorities where financial market infrastructures (FMIs) should focus in the coming years to proactively and effectively manage risk in a post-pandemic environment. FMIs around the globe performed remarkably well amid unprecedented market…
ACA Compliance Group Launches New Global ESG Practice
ACA Compliance Group (ACA) today launched a specialist global environmental, social, and governance (ESG) advisory practice, headed up by Dan Mistler, who joins ACA from ESG and environment firm, Bridge House Advisors. Sustainability and responsible investing increasingly appear on the agendas of global political leaders, regulators, and firms alike. According to President-elect Joe Biden, the U.S. will…
2021 Predictions: Change is Afoot
By Marc Murphy, CEO, Fenergo. It almost feels like the financial industry went to bed in March 2020 and woke up in 2030. Prior to the pandemic, financial institutions had been falling behind when it came to digital transformation, only increasing resources when absolutely necessary. But now, the pandemic has forced financial institutions to make…
Thomson Reuters Report on ‘Fintech, RegTech and the Role of Compliance’ Finds Increased Use of Technology During Pandemic
The Thomson Reuters’ Fintech, RegTech and the Role of Compliance Report 2021, released this week, finds that the adoption and implementation of technology has taken a huge step forward during the pandemic, despite the continuing budget challenges that firms face. Sector growth is expected to accelerate in the coming months and years, predicts the report,…
DTCC Acquires Sapient’s Platform for Compliance Management Reporting
The Depository Trust & Clearing Corporation (DTCC), which provides market infrastructure for the global financial services industry, has acquired Publicis Sapient’s Compliance Management Reporting System (CMRS). DTCC plans to integrate the system with its own Report Hub service to create a comprehensive pre- and post trade reporting solution. Firms using the newly expanded DTCC Report…
BTP Partners with The Demex Group on Climate Risk
Enterprise blockchain company Blockchain Technology Partners (BTP) has partnered with climate risk insurtech The Demex Group to deliver climate-resilience through financial risk solutions on a global scale. Extreme weather events, natural disasters and the failure to mitigate and adapt to climate change were all included in the top five global risks by the World Economic…
CubeLogic Launches New Risk-as-a-Service Solution
Enterprise risk management specialist CubeLogic this week launched a brand new risk analytics solution in partnership with capital markets technology firm Numerix and London-based IOWArocks (formerly MDX Technology), a global marketplace for data, technology and services. The Risk-as-a-Service (Raas) platform provides advanced risk analytics as a fully managed solution, targeting both capital markets firms and…