RegTech Insight Risk Technologies The latest content from across the platform
BCBS 239 and Beyond: Avoid the Traps and Navigate the Changing Landscape
The incoming Head of the Financial Conduct Authority (FCA), reiterated the significance of The Senior Management Regime (SMR), which became law on 7th March. This gives executive management legal responsibility for their decisions. BCBS 239 regulates assembly of data used for these decisions. Individual managers are accountable for decisions they take and for ensuring data…
Recorded Webinar: How to Track Data Lineage for Enterprise Data Management
Data lineage, the ability to track the source and lifecycle of your reference data, is becoming increasingly important as regulations call for greater transparency and risk managers require confidence in the data feeding their models. What regulations are driving the need for data lineage, what do you need to be able to demonstrate, and what…
Asset Control Integrates Matlab with AC Plus Data Management Platform
Asset Control has integrated its AC Plus data management platform with MathWorks’ Matlab financial analytics language to bring data and financial models closer together and deliver more robust calculation and validation of risk factor and valuations data. The integration recognises the use of Matlab by many Asset Control customers and overcomes the need to move…
Kingland Systems Delivers Risk and Compliance Solutions Based on Data Science
Kingland Systems is building out its portfolio of data management solutions with a data diagnostics service designed to help users improve entity data quality, the implementation of cognitive technology to ease the burden of data management, and plans for a platform that will support the lifecycle of data. Kingland was founded in 1992 with a…
European Commission Proposes One-Year Postponement of MiFID II Compliance Deadline
The European Commission has responded to the European Securities and Markets Authority’s (ESMA) request to postpone the compliance deadline of Markets in Financial Instruments Directive II (MiFID II) with a proposal for a one-year extension of the deadline to 3 January 2018. While the proposal, which must be approved by the European Parliament and EU…
AxiomSL Adds Solution for SA-CCR Compliance to Regulatory Reporting Platform
AxiomSL has added a solution that meets the requirements of Basel’s Standardised Approach for Measuring Counterparty Credit Risk Exposures (SA-CCR) to its regulatory reporting platform ahead of the rule’s compliance deadline of January 1st 2017. SA-CCR will replace the Current Exposure Method and Standardised Method calculations enshrined in the Capital Requirements Directive IV (CRD IV)…
Feature: Sizing the Problem and Finding Solutions for Risk Data Aggregation
Risk data aggregation became a hot topic after the financial crash in 2008, when it became clear that banks did not have the necessary risk information readily available to understand their exposures to counterparties and inform regulators of their positions. Senior managers were making poor decisions based on poor data and supervisory regulators failed to…
MiFID II Delay Would Provide Time for a More Considered Approach
By Daniella Huggins, global marketing manager at Velocimetrics As speculation solidifies into reality, it’s looking increasingly likely that MiFID II’s implementation date will be pushed back by a full year, extending the rather unrealistic 13-month compliance timeframe to a much more manageable 25 months. MiFID II is a far-reaching regulation with an impact on multiple…
Navigating BCBS 239 and the New Stress-Testing Regime
Rigorous stress testing – and emerging regulations like Basel’s BCBS 239 – mean that the risk and finance functions can no longer act in isolation. Regulators are increasingly seeking a true, holistic view of risk. To deliver on the new requirement, banks need to reinvent their infrastructures and operating models, making sure all elements of…
The Train on Platform MiFID 2 is Delayed by One Year
This is a contributed article from Steve Grob, Director of Group Strategy, Fidessa. Not surprising to see that it now looks odds-on that we’ll get a full one year delay on the implementation of MiFID 2. This will embarrass the politicians who don’t want to be seen as going soft on those “wreckless” bankers, but…