Latest Reporting/compliance News: Finextra Research

EU sets out CCP recovery and resolution rules

The European Commission has today proposed new rules to ensure that systemic market infrastructures in the financial system, known as Central Counterparties (CCPs), can be dealt with effectively when things go wrong.

28 November 2016

Company update/Reporting/compliance

Carl Nilson jumps ship to Boat

With business gaining momentum and more clients continuously committing to the Pan-European MiFID II multi-asset trade reporting service TRADEcho, Boat have appointed Carl Nilsen, former Head of Equities at Oslo Bors, as Director of Sales.

28 November 2016

Company update/Reporting/compliance

Sycomore Asset Management selects Axioma for risk management

Axioma, a leading provider of enterprise risk and portfolio management solutions, has entered into an agreement with Sycomore Asset Management, a leading French asset manager with €4.6 billion under management.

28 November 2016

News/Reporting/compliance

Swiss government looks to ease rules for fintechs

A division of the Swiss government has called for an easing of regulations for fintech firms in favour of a more forward-thinking approach, including a special 'fintech' license.

25 November 2016

Company update/Reporting/compliance

Swift’s KYC Registry crosses 3,000-member milestone

More than 3,000 financial institutions have signed up to use The Know Your Customer (KYC) Registry, SWIFT’s centralised repository that maintains a standardised set of information about financial institutions required for KYC compliance.

21 November 2016

News/Reporting/compliance

SEC pushes through plans to build giant audit trail

The Securities and Exchange Commission has approved plans to create a vast Consolidated Audit Trail (CAT) tracking transactions as they pass through US equity and options markets.

16 November 2016

Company update/Reporting/compliance

SEC chair Mary Jo White to step down

SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration.

15 November 2016

Company update/Reporting/compliance

Lombard Risk expands sales and product team in Asia Pacific

Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, announces the expansion of its product and sales team in Asia Pacific (APAC) as part of its growth strategy in the region.

15 November 2016

Company update/Reporting/compliance

Esma asks Commission to delay central clearing for small counterparties

The European Securities and Markets Authority (ESMA) has published today its final report regarding the amended application of the clearing obligation that financial counterparties with a limited volume of activity in OTC derivatives need to comply with under the European Market Infrastructure Regulation (EMIR).

14 November 2016

Company update/Reporting/compliance

Mizuho Bank chooses Wolters Kluwer’s OneSumX for regulatory reporting

Mizuho Bank’s Netherlands-based subsidiary has successfully implemented Wolters Kluwer’s OneSumX to provide a solution for risk calculations and multi country regulatory reporting.

10 November 2016

Company update/Reporting/compliance

Vermilion selected for private client reporting at Redmayne-Bentley

Vermilion Software (‘Vermilion’), the leading global supplier of client reporting and communications software, is delighted to announce that award-winning private client investment management firm Redmayne-Bentley LLP has chosen Vermilion Reporting Suite as its prime communications platform.

08 November 2016

Company update/Reporting/compliance

Latvia's Norvik Banka to fight financial crime with Fico

Analytic software firm FICO announced today that Norvik Banka, one of the oldest commercial banks in Latvia, will use the FICO® TONBELLER® Compliance Solutions to fight money laundering and financial crime.

07 November 2016

News/Reporting/compliance

Latin American banks turn to Swift to combat de-risking threat

Eight Latin American central banks have signed up to adopt Swift's sanctions screening service and KYC Registry in an effort to combat the threat posed to the region by de-risking measures imposed in correspondent banking relationships.

04 November 2016

Company update/Reporting/compliance

Broadridge launches tech to tackle conflict of interest rules

Broadridge Financial Solutions, Inc. (BR) today announced a new suite of technology driven solutions to help the investment community solve several of the most pressing challenges associated with the upcoming U.S. Department of Labor (DOL) Conflict of Interest Rule.

03 November 2016

Company update/Reporting/compliance

Clifford Chance applies AI to unearth legal implications of financial regs

International Law firm Clifford Chance LLP is working with Neota Logic Ltd, providers of intelligent software for legal and compliance, to develop automated solutions for assessing the impacts of regulatory rule changes on financial institutions.

03 November 2016

Company update/Reporting/compliance

Banks and brokers failing to deal with regulatory overload

Bankers, brokers and traders are not prepared to address the risks posed by the combination of regulatory pressures worldwide and technological advancements that are disrupting their industries, according to a new global survey published by FIS™ (NYSE: FIS) a global leader in financial services technology.

03 November 2016

Company update/Reporting/compliance

BFC Bank signs with iFinancial for AMLtrac

UK-based core banking and anti-money laundering software vendor International Financial Systems (iFinancial) has signed BFC Bank for its anti-money-laundering tool AMLtrac.

02 November 2016

Company update/Reporting/compliance

Ontario and Australian securities regulators strike fintech pact

Innovative fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market, under a new agreement.

02 November 2016

News/Reporting/compliance

Abu Dhabi opens fintech RegLab

Abu Dhabi Global Market (ADGM) has opened the doors to applications from local and international fintech firms to test their services in a sandbox regime under the auspices of a newly-created 'RegLab'.

02 November 2016

Company update/Reporting/compliance

Pinsent Masons calls for clearer regulatory guidance on robo-advice

Financial regulation and technology experts at international law firm Pinsent Masons call for end to 'advice versus guidance' debate to avoid hindering innovation in robo advice.

01 November 2016