Regulatory Standards

Thomson Reuters Releases New MiFID II Test Data To Clients

Thomson Reuters is creating a holistic suite of reporting services that will support the workflow of market participants in their efforts to meet post-trade transparency requirements mandated by the Markets in Financial Instruments Directive II (MiFID II). In preparation for the new regulations, the company is working closely with over 50 European exchanges and more than 30 additional venues to onboard new MiFID II content to its Elektron Data... more Read more »

Onfido Represents Regtech Principles for Innovation

Onfido, the identity verification provider, has launched the Regtech Principles for Innovation to encourage greater collaboration between regulators and financial services. Aimed at building an inclusive financial ecosystem that protects consumers and businesses alike, the Principles encourage the use of new technologies to empower digital innovation. Read more »

The Nottingham Chooses Jaywing to Implement IFRS 9 Regulations

Today, credit risk analytics expert Jaywing announced a new partnership with leading building society The Nottingham, to design an analytical framework that will underpin all operational, strategic and regulatory credit risk requirements, including IFRS 9. Implementing IFRS 9 is a key requirement for The Nottingham, that’s why they chose to partner with Jaywing who has extensive experience in the design and build of IFRS 9 impairment models.  Read more »

European Cards Stakeholders Group Releasese 8.0 Version of the SEPA Cards Standardisation Volume

The European Cards Stakeholders Group (ECSG), the industry association in charge of cards standardisation in the Single Euro Payments Area (SEPA), today published version 8.0 of the SEPA Cards Standardisation Volume (‘the Volume’). This self-regulatory initiative will help ensure the interoperability and security of cards in Europe. Version 8.0 incorporates comments received during the public consultation, and takes effect immediately. In... more Read more »

EBA Offers Regulatory Technical Standards for Implementing Strong Customer Authentication

The European Banking Authority (EBA) has today released its final draft Regulatory Technical Standards (RTS) for implementing Strong Customer Authentication (SCA), mandated under the revised Payment Services Directive (PSD2). At the heart of these changes to RTS is the fact that, through PSD2, European lawmakers have decided to allow non-bank competitors to access the payment accounts of banks’ customers, for the purpose of retrieving account... more Read more »

Pegasystems announces Industry’s First Robotic Automation Capabilities for Pega CLM and Pega KYC applications

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world’s leading enterprises, today announced that Pega® Client Lifecycle Management (CLM) and Pega® Know Your Customer (KYC) now enable banks to leverage the power of robotic automation to speed client onboarding processes, reduce operational costs, and accelerate time to market. Read more »

Erste Group Bank AG goes live with Asset Control's solution for PRIIPS and MIFID II compliance

Erste Group Bank AG, one of the largest financial services institutions in Central and Eastern Europe, has selected Asset Control’s AC Plus financial data management platform to help fulfil its PRIIPs and MiFID II regulatory requirements. Read more »

smartTrade easily handles MiFID II challenges

smartTradeTechnologies, a multi-asset electronic trading solutions pioneer,has been working with a number of institutions on MiFIR/MiFID II implementations. Transparency, best execution, algorithmic trading and transaction reporting are some of the key areas of concern identified. With less than a year before the 3-Jan-2018 deadline, smartTrade announces that it is ready for MiFID II challenges. Read more »

Union Nordea – new legal structure

Today, as of 2 January 2017, the cross-border mergers between Nordea Bank AB (publ) and its subsidiary banks in Denmark, Finland and Norway have been executed. As a result, all assets and liabilities of the subsidiary banks have been transferred to Nordea Bank AB (publ) and each of Nordea Bank Danmark A/S, Nordea Bank Finland Plc and Nordea Bank Norge ASA has been dissolved. The banking business in Denmark, Finland and Norway will be carried out... more Read more »

SEK applies Wolters Kluwer’s IFRS9 Software

The Swedish Export Credit Corporation (SEK) has chosen Wolters Kluwer’s OneSumX to provide its software for International Financial Reporting Standards (IFRS)9 implementation and reporting. Read more »

Sapient Global Markets Enhances CMRS Regulatory Reporting Platform for Bank of Israel Requirements

 Sapient Global Markets, a leading global provider of business technology and consulting services for the financial and commodity markets, today announced the latest development to its award-winning CMRS platform that will enable firms to comply with Bank of Israel reporting requirements. Read more »

Wolters Kluwer Notifies Banks to Prepare Systems for Plethora of New Global Accounting and Regulatory Frameworks

As deadlines loom for a plethora of new accounting and regulatory frameworks, firms across Europe, Asia Pacific and the Americas must ensure they have the right finance, risk and regulatory reporting management structures and systems in place to meet the challenges ahead. Read more »

EastNets and Dow Jones to Hold Joint Events in London and New York

In November 2016, financial compliance, payment and cloud solutions provider EastNets will be organizing two important international events. The two events will address the evolving rules, regulations and technology affecting compliance in the financial industry. The first is scheduled at London’s Devonshire Terrace, on the 17th of November, and the second will follow on November 22nd at the Byblos restaurant in New York City. Read more »

Mizuho Bank Selects Wolters Kluwer’s OneSumX for Risk and Regulatory Reporting

Mizuho Bank’s Netherlands-based subsidiary has successfully implemented Wolters Kluwer’s OneSumXto provide a solution for risk calculations and multi country regulatory reporting. The leading Japanese bank is already an existing Wolters Kluwer customer across a number of European countries. Read more »

Wolters Kluwer to Act as FCA TechSprint Regulatory Reporting Subject Matter Expert

Wolters Kluwer is this week taking part in a TechSprint (sometimes referred to as a “hackathon”) organized by the U.K.’s Financial Conduct Authority (FCA). The event, “Unlocking Regulatory Reporting,” is designed to improve the interface between the regulator and regulated firms, allowing participating firms to discuss the practical uses of RegTech. Notably, the finance, risk and reporting technology vendor will act as the Regulatory Reporting ... more Read more »

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