Editor’s pick
ESMA Finally Puts Its Foot Down on Consolidated Ticker Tape
The European Securities and Markets Authority (ESMA) has bitten the bullet on a real-time consolidated ticker tape for European equities, following the failure of an industry-led solution to emerge. In a review of market data pricing published today, the regulator warns that market data costs under MiFID II are still too high, confirming plans to...
Top Blogs
ESMA Finally Puts Its Foot Down on Consolidated Ticker Tape
The European Securities and Markets Authority (ESMA) has bitten the bullet on a real-time consolidated ticker tape for European equities, following the failure of an industry-led solution to emerge. In a review of market data pricing published today, the regulator warns that market data costs under MiFID II are still too high, confirming plans to...
Firms Failing to Meet MiFID II Reporting Requirements – Vendors Can Help
We are almost two years on from MiFID II implementation and yet there are still gaping holes where firms continue to struggle with the burden of mandatory reporting requirements brought in by the regulation. Around 50% are not yet monitoring their reporting daily, according to the second annual MiFID II & Best Execution survey from...
Broadridge Uses Blockchain to Address European SRD II Compliance
With the Shareholder Rights Directive II (SRD II) regulatory compliance deadline fast approaching, intermediaries supporting institutional and/or retail clients face one of the biggest changes in European corporate governance in many years. And according to Broadridge, many businesses are not yet ready for the transition – which is expected to place considerable pressure both on...
Latest briefs
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…
Ascent Achieves $19.3m in Funding Round
Chicago-based RegTech provider Ascent has won $19.3 million in Series B funding from a group of investors led by Wells Fargo and ING, with US venture capital firm Drive Capital and the University of Chicago also taking part. The fundraising follows a Series A round in 2018 which raised $6 million. The company will use…
CFTE Launches RegTech Book, Online Course
The UK-based Centre for Finance, Technology and Entrepreneurship (CFTE), a platform providing online learning for the FinTech space, has announced the launch of a targeted new online RegTech course providing a “thorough foundation of regulatory technologies” through eight hours of video content, curated readings and online assessment. The announcement was made at the London launch…
SteelEye Launches RegTech Glossary
London-based regulatory compliance and data analytics firm SteelEye has published a new RegTech glossary that aims to demystify the complex language of the RegTech sector. The online guide aims to assist professionals to navigate the most common terminology, abbreviations and jargon across the evolving regulatory landscape.
Charles Stanley Selects Red Deer for MiFID II Research Compliance
Charles Stanley, a UK wealth management firms with £24.4 billion AUM, has selected Red Deer’s Research Management solution to integrate MiFID II compliance across its investment process. The solution captures and attributes research consumption across all channels including email, chat and voice, while its Outlook plugin and mobile application achieves compliance quickly and with minimal…
Fenergo Launches Digital KYC
Fenergo today announced the launch of a new product enhancement, Digital KYC, a real-time, rules-driven, API-enabled KYC solution enabling financial institutions to automate and perpetuate KYC compliance reviews. The product works with existing client lifecycle management (CLM) solutions, automating continuous customer due diligence (CDD) reviews for low to medium-risk clients and reducing the need for…
US Regulators Join Global Financial Innovation Network
The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) have confirmed their membership of the Global Financial Innovation Network (GFIN). They join 46 other financial authorities, central banks, and other international organisations with the goal of fostering greater…
Latest people
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…
Carlo di Florio Joins ACA Compliance Group
Carlo di Florio has joined ACA Compliance as Global Chief Services Officer. He joins from FINRA, where he served as Chief Risk & Strategy Officer and as Co-Chair of the FINRA360 Project Management Office. Prior to joining FINRA, di Florio served as Director of the SEC’s Office of Compliance Inspections and Examinations, where he oversaw…
TP ICAP Hires Head of Compliance
Intermediary giant TP ICAP has appointed senior US regulator Amir Zaidi as its new global head of compliance. Zaidi previously spent nine years with the US Commodities Futures Trading Commission (CTFC), which regulates the US derivatives market – most recently as Director, Division of Market Oversight. He also worked as Legal Counsel & Policy Advisor…
Revolut Hires Financial Crime Head
Digital challenger bank Revolut has hired Philip Doyle as its new head of financial crime. His previous roles include head of financial crime at UK-based clearing bank ClearBank and fraud prevention manager at Visa. The new hire comes following recent queries by UK regulators around Revolut’s money laundering controls, amid a record number of complaints…
Scope Markets Hires New Head of Compliance
Eliza Eliadou has joined Scope Markets, an online institutional trading platform, as its Group Head of Compliance. Eliadou joins from London Capital Group, where she worked for two years starting in 2017. She was formerly with global brokerage firm easyMarkets. Scope Markets is in a period of expansion, in July teaming up with Gold-i, a…
Featured
FEATURED WEBINAR
Upcoming Webinar: Digital Investor Onboarding and Transformation for Asset Servicers and their partners
Date: 6 February 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Transfer agents, fund administrators & custodians are endeavouring to deliver a better Investor Experience (IX) for their clients, seeking to differentiate their offerings and to truly deliver value adding services across the entire investor lifecycle. The race is on to stand out…
FEATURED EVENT
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 London
Now in its 3rd 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 moreUpcoming Webinar: Digital Investor Onboarding and Transformation for Asset Servicers and their partners
Date: 6 February 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Transfer agents, fund administrators & custodians are endeavouring to deliver a better Investor Experience (IX) for their clients, seeking to differentiate their offerings and to truly deliver value adding services across the entire investor lifecycle. The race is on to stand out...
Top 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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