Ardmore+Fintellix to enable smooth transition to CECL.
- 8 years 4 months ago
- Regulatory Standards
The Financial Accounting Standards Board (FASB) recently voted to finalize the effective date of its proposed regulations on measuring loan-loss reserves. The sweeping regulations will require a forward-looking “expected loss” (CECL) approach instead of the “incurred loss” approach effective today. For public businesses entities (PBE) that meet the definition of an SEC filer, the final standard will be applicable from December 15, 2018,... more
TWSE to Release Online Rules and Regulation Directory
- 8 years 4 months ago
- Trade Finance, Foreign Exchange, Regulatory Standards
The Taiwan Stock Exchange (TWSE) has launched an online ‘Rules & Regulations Directory’, providing international investors and the media with a centralized location for all 238 Taiwan capital market regulations in both English and Chinese.
National Bonds Selects Fiserv's AML Risk Manager
- 8 years 4 months ago
- Compliance, Regulatory Standards, Infrastructure
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that National Bonds, the leading sharia’a-compliant savings and investments company in the United Arab Emirates, has selected AML Risk Manager for the effective detection, investigation and resolution of financial crimes and to ensure regulatory compliance.
Ardmore & Fintellix Prepare To Enable Smooth Transition
- 8 years 5 months ago
- Regulatory Standards
The Financial Accounting Standards Board (FASB) voted last week to finalize the effective date of its proposed regulations on measuring loan-loss reserves. The sweeping regulations will require a forward-looking “expected loss” (CECL) approach instead of the “incurred loss” approach effective today. For public businesses entities (PBE) that meet the definition of an SEC filer, the final standard will be applicable from December 15, 2018,... more
Varonis to Give Rabobank Control Over Data Access
- 8 years 5 months ago
- Compliance, Regulatory Standards, Data
Varonis Systems, Inc. (NASDAQ: VRNS), the leading provider of software solutions for unstructured, human-generated enterprise data, today detailed how its DatAdvantage for Windows and DatAdvantage for SharePointsolutions help
Cordium triumphs at the HFM US Hedge Fund Services Awards
- 8 years 5 months ago
- Compliance, Regulatory Standards
Cordium, a leading global provider of compliance consulting, accounting, tax and software to the financial securities industries, has been named Best Advisory Firm (Regulation and Compliance) at the HFM US Hedge Funds Services Awards. The accolade completes the global set for Cordium following its success at the HFM Asia Fund Services awards where it took the title of Best Advisory Firm (Client Service), having previously been named Best... more
Financial Services Organizations Rethink Regulatory Reporting to Focus on Agility and Value from Data as Costs and Requirements Spiral
- 8 years 6 months ago
- Compliance, Regulatory Standards
The cost and resource burden of regulatory reporting has soared in recent years, and financial firms seek ways to meet deepening data requirements more efficiently and accurately while strategically evolving data architecture to improve performance and drive growth. To address these issues, financial services organizations are rethinking regulatory reporting and compliance as a holistic process and seeking end-to-end automation and governance—... more
Wolters Kluwer to Release the results of its Regulatory & Risk Management Indicator for the U.S. Insurance Industry
- 8 years 6 months ago
- Regulatory Standards, Risk Management
Wolters Kluwer Financial Services today released the results of its Regulatory & Risk Management Indicator for the U.S. insurance industry. The Indicator found insurers over the next 12 months will face competing priorities for resources and time, with cybersecurity preparedness challenging overall regulatory compliance readiness.
China Systems and Accuity partner on trade finance and supply chain solution as 8/10 firms cite compliance and regulatory issues a “chief” obstacle to trade finance”
- 8 years 6 months ago
- Trade Finance, Compliance, Regulatory Standards
Accuity, the leading global provider of Payments, KYC, Risk and Compliance solutions has partnered with China Systems, the leading trade finance solutions vendor, integrating Accuity’s Compliance Link solution with China Systems’Eximbills Trade Processing Platform to create a SWIFT certified Trade and Supply Chain Finance product providing seamless compliance checks for trade finance transactions.
Global regulatory reporting leaders UnaVista and DTCC partner to provide MiFIR reporting service for clients
- 8 years 6 months ago
- Regulatory Standards
London Stock Exchange Group (LSEG) and The Depository Trust & Clearing Corporation (DTCC) today announced that they are partnering to provide clients with a connection to UnaVista’s Approved Reporting Mechanism (ARM).
Mindtree and MetricStream partner to simplify regulatory compliance for financial firms
- 8 years 7 months ago
- Compliance, Regulatory Standards
Mindtree, a leading digital transformation and technology services company, today announced that it has partnered with MetricStream, the market leader in Governance, Risk, and Compliance (GRC), to help simplify regulatory compliance for financial firms. Mindtree will leverage MetricStream’s Zaplet, a cloud-based open platform to build, deploy and manage a variety of GRC applications for financial firms globally.
Briefings Highlight Impact Of KYC and Discuss Solutions for The Financial Community In The Middle East Region
- 8 years 8 months ago
- Compliance, Regulatory Standards
SWIFT recently organised a Know Your Customer (KYC) roadshow in 10 countries across the Middle East and North Africa to look at the impact of KYC regulations on the banking and financial community and to highlight solutions that reduce the cost of compliance.
Financial services industry announces proposed timeline for T+2 settlement cycle in the U.S
- 8 years 10 months ago
- Regulatory Standards
The T+2 Industry Steering Committee (T+2 ISC) has released a white paper today outlining the timeline and activities required to move to a two-day settlement cycle (T+2) in the U.S. by the end of Q3 2017.
MUMBAI. FINTELLIX CXO BRIEFING: STAYING COMPLIANT IN A DEMANDING REGULATORY ENVIRONMENT: HARNESSING ADF FOR TACKLING RBS, LCR, FATCA AND MORE
- 8 years 10 months ago
- Regulatory Standards
Overwhelmingly rapid change has become the new normal in regulatory compliance worldwide, including India. Form, content, format and calculation are being constantly changed by regulators to drive a stable financial ecosystem. Post the 2008 global crisis, regulators across the world have begun switching to Risk-based Supervision (RBS) to ensure banks do not take undue risks to maximise profits and boost performance. Meanwhile the RBI is phasing... more
Thomson Reuters Annual Cost of Compliance Survey Shows Regulatory Fatigue, Resource Challenges and Personal Liability to Increase Throughout 2015
- 8 years 11 months ago
- Regulatory Standards
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has published the findings of its sixth annual Cost of Compliance survey which revealed that regulatory fatigue, resource challenges and personal liability are expected to increase throughout 2015. These findings are a reflection of the sheer volume of regulatory change that continues to be anticipated, as firms navigate both international... more
