Regulatory Standards

FCA Calls for Input on New Model for Open Finance

The Financial Conduct Authority has issued a call for input on proposals to extend open banking rules to a wider range of products, under a new model billed as 'open finance'. The revised Payment Services Directive (PSD2) mandated the right of access to payment account data to increase innovation and competition in the payments sector. Read more »

Esma Proposes Development of Consolidated Tape for European Equities

Europe's top securities regulator has recommended the establishment of a real-time consolidated ticker tape to improve transparency for equities across the EU's fragmented markets. Following a review of market data pricing by exchanges and data vendors, the European Securities and Markets Authority (Esma) says that MiFID II has not delivered on its objective to reduce the cost of market data charged by trading venues. Read more »

Goldman Sachs to Put the Brakes on Marcus Expansion in UK

Goldman Sachs is planning to slow down the growth of its online retail banking brand Marcus in the UK. This is to avoid surpassing $25 billion in deposits which would require the US bank to ring-fence its retail banking intake from riskier investment activity, the Sunday Telegraph has reported. Goldman Sachs is understood be around halfway to this figure at present. Read more »

Wolters Kluwer and Chartis Research to Explore Benefits of Artificial Intelligence for Managing Regulatory Change

Experts from Wolters Kluwer’s Compliance Program Management (CPM) business and Chartis Research will discuss ways in which financial services firms can tap the power of Artificial Intelligence (AI) to more effectively manage their regulatory compliance obligations in a webinar, “Leveraging AI for Regulatory Change,” on Tuesday, June 4, 2019 from 10-11 a.m. EDT. Read more »

CAPPITECH LAUNCHES INSIGHTS PRODUCT, OFFERING FIRMS A COMPETITIVE EDGE

Cappitech, a leading provider of regulatory reporting and intelligence solutions for the financial services industry, today announced the launch of Insights, a product that enables compliance teams and risk managers to gain a competitive advantage by improving regulatory reporting and allowing them to benchmark their performance to their peers.  Read more »

Equiniti Credit Services investigates consumer attitudes to lending in new report

Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced service provider, today announces publication of its latest annual research report. A three part harmony: how regulation, data and CX are evolving consumer attitudes to credit explores the key trends impacting consumer attitudes to unsecured lending, including open banking, customer centricity, and flexibility. Read more »

Investors Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

Investors Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software. Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey, has approximately $25.52 billion in assets and 151 branches located throughout New Jersey and New York. Read more »

Bank of China Selects Wolters Kluwer’s OneSumX for Integrated Finance, Risk and Regulatory Reporting in Australia

Bank of China has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting calculation and submission software for its operations in Australia. OneSumX for Regulatory Reporting is set up to use a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service maintained by Wolters Kluwer experts who actively monitor... more Read more »

AxiomSL Increases Focus on SFTR Solution within Trade and Transaction Reporting Capabilities Suite

AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, today announces that Joao Serodio has been elevated to the role of Product Manager for the Trade and Transaction suite, including the Securities Financing Transactions Regulation (SFTR) solution. Joao takes on this expanded role as AxiomSL approaches launch of its SFTR solution, following the European Commission adoption of the SFTR RTS on 13... more Read more »

Guernsey providing regulatory certainty on application of electronic CDD

Speaking in London today, at a Guernsey Finance seminar showcasing Guernsey’s global leadership in application of technology in financial services with the introduction of the Electronic Agents Ordinance 2019, the Guernsey Financial Services Commission outlined an approach to provide greater regulatory reassurance in the application of electronic CDD. Read more »

Corlytics wins Deloitte Regtech Challenge

Corlytics, the innovative regulatory risk intelligence and analytics company, has won first place in the Deloitte Regtech Challenge. As part of the prize, the company will now be collaborating in client engagements with some of Deloitte’s EMEA Risk Advisory firms. Read more »

BBVA Compass Selects Wolters Kluwer’s OneSumX for Regulatory Reporting in the U.S.

BBVA Compass has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide regulatory reporting software for its operations in the U.S. BBVA Compass is the U.S.- based subsidiary of Spanish multinational banking group BBVA, with a major presence throughout the Sunbelt region of the U.S. and total assets of more than $90 billion. Read more »

Confluence introduces Form CPO-PQR reporting capability

Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced that a more efficient and cost-effective response to CPO-PQR reporting, is now available within its Unity NXT Regulatory Reporting platform.  Read more »

Austria’s Sparkassen-Prüfungsverband Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

Sparkassen- Prüfungsverband has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its market leading regulatory reporting software functionality for the mandatory audit reports and appendix to the reports (the so-called “Anlage zum Prüfbericht”). These yearly bank audits need to be performed by the auditors for all banks in Austria, with many choosing to utilize OneSumX for Regulatory Reporting. Read more »

Fenergo Enables Self-Service Platform Configuration with Digital Configuration Studio

Fenergo, a leading provider of Client Lifecycle Management (CLM) solutions for financial institutions, introduces Fenergo Digital Configuration Studio, a low to no-code administration suite that allows financial institutions to easily configure the Fenergo CLM solution to suit their organisational needs. Read more »

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