The Cloud Series in association with AWS

Unclouding the Risks of Cloud Implementations for Regulatory and Risk Reporting

12 July 2019

Financial Institutions moving to the cloud for risk and regulatory reporting must do so prudently. While facing budget and resource constraints and under stringent time pressure, FIs must maintain alignment with regulatory requirements and protect their sensitive material non-public information (MNPI). Determining the best, most secure way to achieve the scale, cost and agility benefits of the cloud means answering a series of difficult decisions. As a leader in risk-data management and regulatory-reporting solutions, AxiomSL has gathered its experience to help answer those decisions. This paper helps you to uncloud the business, implementation and operational aspects of the cloud risk-stack, and offers up the interesting questions FIs may want to ask in order to uncover risk-mitigating factors.  

The New Consolidated Audit Trail (CAT) Timeline: Rethinking Your Implementation Plan

12 July 2019

Following recent changes to the Consolidated Audit Trail (CAT) programme, financial institutions need to reconsider their implementation plans in-line with the new project timelines. Following FINRA’s selection, updated specifications are being published, and the new long-term plan for all phases of CAT has been unveiled to the industry. Financial institutions now need to look at the changes being announced and determine the implications for both implementing solutions and the operational models they will need in place once CAT is fully live. This paper by Broadridge provides information on the new timeline and helps financial institutions ask vital questions that will help keep their CAT implementation plans on track.

How to build the regulator’s confidence in the cloud

12 July 2019

When moving to the cloud, meeting all risk, legal and compliance requirements is non-negotiable. The key question regulators are asking financial services providers is whether they have identified the operational risks associated with migrating to cloud computing, and if banks understand the process of managing these obstacles.

Maintaining data integrity in the cloud amid regulatory change

12 July 2019

The cloud is beckoning, and security is job number one. Regulatory reporting has shifted from accounting values to full-fledged risk management, encompassing credit, liquidity and market risk as financial institutions (FIs) increase in size, have larger geographic footprints and continue to offer complex products.

Compliance in the cloud for a demanding regulatory environment

12 July 2019

The cloud has fundamentally altered the economics and time to value of risk management and regulatory reporting. By allowing banks to handle the real-time, daily and periodic nature of regulatory reporting in an elastic manner, cloud computing has also provided cost-effective, long-term (and immutable) data storage to respond to queries from regulators.

The old rules no longer apply: Risk management and regulatory reporting in the cloud

12 July 2019

Deploying new applications on the cloud is now the default. The question is not if applications should be built in the cloud or existing workloads should be migrated, but how fast can financial institutions (FIs) remove traditional IT constraints in the age of digitalisation.