Editor’s pick
SIX Changes the Game with New Sanctions Data Service
Last week, Switzerland-based Six launched a new Sanctioned Securities Monitoring Service (SSMS) on the Open:FactSet Marketplace (OFM) – a move that it hopes will change the game when it comes to filling in the gaps of KYC compliance for investment professionals. The service is designed to help users mitigate risk by understanding the potential impact...
Top Blogs
Trade Associations Demand Reporting Changes Ahead of MiFID II Review
The European Forum of Securities Associations (EFSA), in conjunction with members from Spain, France, Italy, Belgium, Germany, Denmark, Poland, and Sweden, this week released an open letter calling for a number of changes to be considered as priorities in any upcoming review of MiFID II by the EU authorities. “There are some areas… which need...
NICE Actimize Adds Cryptocurrency Element to AML Solutions Portfolio
NICE Actimize, a specialist in autonomous financial crime management, has jumped on the blockchain bandwagon with the addition of cryptocurrency intelligence platform CipherTrace to X-Sight Marketplace, its financial crime and compliance ecosystem. Founded in 2015 by three Silicon Valley entrepreneurs, CipherTrace claims to be the world’s first blockchain forensics provider, offering tracing and security services...
SIX Changes the Game with New Sanctions Data Service
Last week, Switzerland-based Six launched a new Sanctioned Securities Monitoring Service (SSMS) on the Open:FactSet Marketplace (OFM) – a move that it hopes will change the game when it comes to filling in the gaps of KYC compliance for investment professionals. The service is designed to help users mitigate risk by understanding the potential impact...
Latest briefs
RMA Issues SFTR Reporting Contract Template
Following the January release of the final SFTR report by ESMA, the US-based Risk Management Association has issued a new standard legal agreement to address mandatory reporting obligations for SFTR, ahead of its initial go-live date of April 11. The template follows in the footsteps of the Master Regulatory Reporting Framework launched by the International…
ESMA Announces MiFID Scheduled Publication Dates for 2020
The European Securities and Markets Authority (ESMA) has published its 2020 calendar of MiFID II/MiFIR relevant publications for the transparency regime and systematic internalisers’ tests, to assist market participants planning for the next 12 months. The calendar covers non-daily publications (excluding daily reference data and transparency calculations for recently-listed instruments). Double volume cap data will…
ComplySci Launches London Office
Automated compliance management solutions provider ComplySci has expanded its global presence with a new London office, housing 13 full-time staff led by Kyri Yiannakis, Managing Director and Head of EMEA. The move follows the firm’s October 2019 expansion into a new 18,000 square foot headquarters in New York. ComplySci is backed by Vista Equity Partners, a specialist…
Basel Committee Launches Consolidated Basel Framework
The Basel Committee on Banking Supervision (BCBS) has launched a new consolidated framework, bringing together all of its 14 global standards for the regulation and supervision of banks and financial institutions for the first time on a new section of its website. The framework is the finalised version following the incorporation of feedback submitted against…
SteelEye Extends Reach with Office in Paris
SteelEye, a compliance technology and data analytics firm, has taken the next step in its international expansion with the opening of an office in Paris. The office supports SteelEye’s rapid growth and positions the company closer to regulated financial markets in France, as well as the Benelux region, Switzerland and many of its existing clients….
ESMA Updates AIFMD Q&A
The European Securities and Markets Authority (ESMA) has updated its Questions and Answers on the application of the Alternative Investment Fund Managers Directive (AIFMD), which are intended to provide common supervisory approaches and practices in the application of the AIFMD and its implementing measures. The regulator has added one new Q&A on the AIFMD reporting…
IHS Markit Receives Authorisation as Benchmark Administrator in the Netherlands
The Netherlands Authority for Financial Markets has authorised the Dutch entity of HIS Markit, Markit NV, as an administrator under the European Benchmark Regulation. Last year IHS Markit was also approved by the UK’s FCA, making it the first benchmark administrator to be authorised by National Competent Authorities in both the UK and Europe. The…
Financial Stability Board Publishes 2019 G-SIB List
The Financial Stability Board (FSB) has published the 2019 list of global systemically important banks (G-SIBs) using end-2018 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). One bank, Toronto Dominion, has been added to the list of G-SIBs that were identified in 2018, increasing the overall number from 29…
NEW BIS Innovation Hub to Focus on RegTech
The Bank of International Settlements (BIS) has launched its third BIS Innovation Hub centre in Singapore, following two recently launched centres in Hong Kong and Switzerland. The Singapore branch will focus on two areas: 1) digital infrastructures on identity, consent and data sharing, and 2) the creation of a digital platform to connect regulators and…
ABN Amro Selects UnaVista for SFTR, MiFID II Reporting
ABN AMRO Bank has selected the LSE’s UnaVista platform as its regulatory reporting provider for SFTR and MiFID II transaction reporting. ABN AMRO Bank will be using the UnaVista SFTR Accelerator, a data testing tool that allows firms to import sections of the required data to test against ESMA’s latest regulatory technical standards (RTS). The…
KRM22 Launches Market Risk Solution for Global Risk Platform
KRM22 has announced the availability of its Market Risk solution on its SaaS-based Global Risk Platform.The Global Risk Platform now provides an “end to end” Market Risk solution assisting futures clearing merchants, asset managers, broker dealers and hedge funds with their risk management. Risk tools provide analytics to help portfolio management and modify trading behaviour,…
FCA Updates Handbook Website Using Governor Software
Governor Reg: FCA, a live version of the FCA Handbook allowing UK regulated financial institutions to map, track and report regulatory compliance, was today integrated into the FCA Handbook website to enhance overall user experience, improve navigation and provide .csv downloads of relevant items. To further help UK regulated firms to stay compliant, the firm…
TruNarrative Expands to US with New Offices in Atlanta
Financial crime and compliance management platform TruNarrative has expanded into the North American market with new US headquarters in Atlanta, Georgia. The UK-based firm was founded in 2016 and provides a no-code platform connecting multiple identity verification, fraud detection, eKYC, and AML compliance data providers via a single API. “Launching our platform across European markets…
MiFID II Rules Set to Change as EU Bows to Criticism
The European Commission has suggested that it may tweak MiFID II market rules after an industry backlash criticising the regulation. Issues to be reviewed, according to the FT, include changes to the cost and distribution of market data, investor protection rules, and research for small companies. The FCA has also promised to conduct a sector-wide…
Silent Eight Wins Funding From SC Ventures
AI-powered anti-money laundering start-up Silent Eight has raised $6.2 million in Series A funding from a group of investors including SC Ventures, the fintech and ventures unit of Standard Chartered Bank. Other investors included OTB Ventures and Wavemaker Partners. Standard Chartered is the largest client of Silent Eight, and has implemented the firm’s sanctions screening…
Latest people
New CEO For ACA Compliance Group
Global GRC specialist ACA Compliance Group has appointed Shvetank Shah as CEO, effective from today. Shah joins the firm from Gartner, where he spent 17 years, most recently as Senior Vice President of its Technology & Service Provider practice. Shvetank will be based in ACA’s Silver Spring, MD office, and will oversee all global operations…
Oliver White Departs Fenergo for Enveil
After almost six years with Fenergo as UK Head of Sales, Oliver White has moved over to take up the position of EMEA Head of Sales with data security specialist Enveil, pioneer of protecting Data in Use. Before joining Fenergo in 2014, White spent eight years with Avox as UK Head of Sales, and was…
Refinitiv Hires Andrea Remyn Stone as Chief Customer Proposition Officer
Financial markets data and infrastructure giant Refinitiv has appointed Andrea Remyn Stone as Chief Customer Proposition Officer and member of the Executive Leadership team, reporting to CEO David Craig. Joining from Dealogic, where she was the Chief Strategy Officer, she will focus on working with customers to develop innovative solutions in open platform technology collaboration…
NYDFS Seeks New RegTech Director for Supervisory Push
The New York Department of Financial Services (NYDFS), which regulates finance and cryptocurrency activities in New York State, is seeking a Director within its Research and Innovation Division to design, build, and manage a program to facilitate the testing of RegTech solutions to improve its supervision of regulated entities. The regulator is taking inspiration from…
Pirum Expands SFTR Team as April Deadline Approaches
Automated reconciliations provider Pirum Systems has bolstered its SFTR team with the hire of of industry experts Glenn Baldwin, Payal Lakhani, James Cosh, and Pradeep Rana. Baldwin joins from JP Morgan with 15 years of securities finance expertise. Lakhani was formerly with Citi, while Cosh spent 20 years in roles at Deutsche Bank, Nomura, Lehman…
Indigita Appoints Achille Deodato as CEO
Swiss regtech firm Indigita has announced Achille Deodato as its new CEO. Leading teams based in Geneva, Zurich and Lisbon, Deodato will be responsible for the future development of the firm’s digital cross-border compliance solutions. He joins Indigita from a Zurich-based electronic identity solution provider, where he held the role of chief operating officer. He…
FRM22 Hires Steve Sparke As Non-Exec Director
Software tech firm KRM22 today announced the appointment of Steve Sparke as a Non-Executive Director of the Company. He will replace Matt Reed, Independent Non-Executive Director, who is stepping down to focus on other business commitments. Steve was recently COO of Marex Spectron where he was responsible for the firm’s operating environment. During his time…
AxiomSL Appoints Claudia Thurner As EMEA General Manager
AxiomSL, a provider of regulatory reporting and risk management solutions, has announced the appointment of Claudia Thurner as EMEA General Manager. Thurner joins from SmartStream, Technologies where she led European and Latin American Sales and Global Strategic Accounts. Previously, she was at Thomson Reuters based in Europe, Asia, and the US where she specialised in…
All Change at the Bank for International Settlements
The Bank for International Settlements (BIS) has named Jerome Powell, chair of the Federal Reserve System, as chair of the Global Economy Meeting and Economic Consultative Committee. He succeeds Mark Carney. John Williams, president of the Federal Reserve Bank of New York, becomes chair of the BIS Consultative Council for the Americas. Sir Jon Cunliffe,…
Finantix Appoints Two Senior Hires to European Team
Technology provider Finantix technology has appointed two further senior hires as part of the Finantix Swiss-based team. Albert Iselin joins as Executive Director for DACH (Germany, Austria, and Switzerland) and Anja de Troyer joins as Client Product Manager, both with the remit to support and further grow the firm’s presence in the region. Albert joins…
MetricStream Creates ‘Office of the CEO’
California-based Governance, risk and compliance (GRC) and integrated risk management (IRM) solutions provider MetricStream has created a new ‘Office of the CEO’ led by Andreas Diggelmann, interim CEO, and Gaurav Kapoor, COO. Former CEO Mikael Hagstroem has left to pursue other interests, but will retain a seat on the board. Diggelmann was formerly EVP and…
Muinmos Appoints Conor Ringland as New CCO
Regulatory compliance firm muinmos has hired Conor Ringland as its new Chief Commercial Officer, to be based in London and focused on growing out the muinmos PASS solution – a SaaS product using AI to deliver real-time compliance checks for financial institutions. Ringland was previously Chief Operating Officer at Concordium Foundation, and has also held…
Treliant Appoints David Caruso
Washington DC-based multi-industry consulting firm Treliant has appointed financial crime expert David Caruso as Managing Director, to help the firm’s navigate the changing global AML landscape. Prior to joining Treliant, Caruso was the Chief Client Officer of a RegTech software company whose machine intelligence application improved how AML teams search and use adverse media in…
LogicGate Expands Leadership Team
LogicGate, an agile process automation platform helping organisations to operationalise governance, risk, and compliance programs, has announced the addition of two new leaders to its team. Gina Hortatsos joins the company as Chief Marketing Officer while Emily Heath, most recently United Airlines’ Chief Information Security Officer, has been named to the board of directors*
IHS Markit Expands SFTR Team
IHS Markit has boosted its SFTR coverage yet further with the hire of Rashid Ali (formerly of State Street) as Director and Lead Business Analyst for STFR and Que-Phuong Dufournet (previously with Morgan Stanley) as Director, SFTR regulatory affairs. Stuart Day, who left the firm to join a hedge fund last year, has also returned…
Featured
FEATURED WEBINAR
Upcoming Webinar: Last minute preparations for SFTR: What still needs to be done and are we ready?
Date: 5 March 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance…
FEATURED EVENT
RegTech Summit London
Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
FEATURED GUIDE
Regulatory Data Handbook 2019/2020 – Seventh Edition
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This…
Top White Papers
Addressing the Reference Data Challenges of SFTR
The EU’s Securities Financing Transactions Regulation (SFTR), which comes into effect in April 2020, is a data-heavy transaction reporting regulation along the lines of MiFIR and EMIR, but has a significant reference data element as well. The regulation is extensive, with some 150 data fields in its mandatory regulatory reports, a dozen of which will...
Trade Surveillance and Mobile Recording in the Era of Data Privacy
The EU’s MiFID II and other regulations globally have placed greater emphasis than ever on market surveillance, recording of trading communications and records-retention processes in an attempt to stamp out market abuse and boost investor confidence and protections. At the same time, the public’s attitude toward data privacy has hardened, most visibly through new regulations...
Solving the KYC & AML Challenge for Cryptocurrencies, Tokens & ICOs
The cryptocurrency market is at an inflection point. It has gained substantial momentum from early investors (private & retail), day traders and prop shops but it has so far failed to get substantive engagement from wider institutional players. The crypto marketplace today is a mix of exchange and OTC-traded activity with little of the market...
Events and webinars
RegTech Summit New York City
Now in its 3rd year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreRegTech Summit London
Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreBreakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Find out moreTop Knowledge Hub picks
MiFID II
Markets in Financial Instruments Directive II (MiFID II) builds on the original MiFID of 2007 to improve the competitiveness of European markets by creating a single market for investment services and activities, and ensuring protection for investors in financial instruments. Read everything you need to know and get access to all related content.
Regulatory Reporting
Regulatory reporting comprises the submission of raw or formatted data as required by regulators to evaluate and track the financial and operational status of financial institutions and their compliance with required regulatory provisions. Find out all about it in our Knowledge Hub.
Market Abuse Regulation (MAR)
The Market Abuse Regulation (MAR) provides an EU-wide regulatory framework on market abuse, including measures to enhance the attractiveness of securities markets for capital-raising through the prohibition of practices such as insider dealing, unlawful disclosure of inside information and market manipulation. Find out more and access all our key resources here.
Awards
RegTech Insight Awards
The RegTech Insight Awards recognise the best of the best in the RegTech industry. Find out how to vote, enter or see the past winners.
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