Reporting/compliance

683 articles tagged with this keyword

/Reporting/compliance

Bank of England's Carney steps up attack on cryptocurrencies

Bank of England governor Mark Carney has called for the regulation of cryptocurrencies to protect the public and financial markets from a market that shows classic bubble tendencies.

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CBA and ING partner on RegTech pilot

Commonwealth Bank of Australia and ING have carried out a RegTech pilot which saw them use AI to simplify the processing of regulatory information.

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FCA calls for feedback on RegTech reporting PoC

The UK's Financial Conduct Authority has launched a call for input on the use of technology to achieve smarter regulatory reporting

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Cambridge Blockchain and IHS Markit join forces to bring DLT to KYC data collection

Cambridge Blockchain and IHS Markit have teamed up to bring distributed digital identity technology to the collection and management of know-your-customer information.

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Euronext seizes majority conrol of InsiderLog

Spotting an opportunity for profit from new Market Abuse Regulations (MAR), Euronext has spent €5.8 million to acquire 80% of the assets of InsiderLog, a Stockholm-based supplier of insider list management.

/Reporting/compliance

China regulator says fintech must serve real economy

One of China's senior financial regulators has stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.

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Fired Barclays trader testifies about use of FX algos

A London court has heard testimony from a fired Barclays FX trader about his use of the bank's FX algorithmic trading system in his bid to win his job back, reports Bloomberg.

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Lombard Risk agrees to Vermeg takeover offer

The board of UK-based banking and compliance software firm Lombard Risk has accepted a cash for shares offer from Dutch software firm Vermeg.

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ESMA delays MiFID II rules on dark pool caps

The European Securities and Markets Authority (ESMA) has delayed the introduction of new rules on dark pool trading, a key part of its MiFID II initiative.

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MiFID II arrives: now the hard work starts

MiFID II,the biggest shake-up in financial regulation for a decade may have arrived, but for asset managers and brokers across Europe the work continues as the complexity and costs of full compliance begin to emerge.

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FCA throws a spotlight on bank operational problems

UK banks will have to inform customers about the number of operational and security incidents they have been exposed to under new rules designed to improve competition in the retail banking market.

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Mizuho Securities picks NRI AI tech to slash time spent on compliance

Mizuho Securities is using AI and voice recognition technology from Nomura Research Institute (NRI) to help monitor and analyse communications between its sales reps and investors.

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Big data and software robots crunch compliance costs for Credit Suisse

Credit Suisse says that a new big data platform and the intelligent deployment of software robots is reversing years of rising compliance costs.

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SEC and exchanges in spat over surveillance system

A row has broken out between the US capital markets watchdog and a number of exchanges over the plan to impose a new market surveillance system on the US equities and options market.

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Digital, connected, client-centric: a new model for corporate banking – new Finextra report

Corporates have made massive leaps in digitally transforming their services and it is ringing change within the corporate banking ecosystem. A new research paper from Finextra, produced in association with Oracle, explores the need for a new ecosystem.

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How banks are leveraging the power of regtech - new Finextra research

Compliance constitutes a major part of banks’ expenditure and new regulations such as PSD2 and the updated GDPR are adding fuel to the momentum of regtech, that strain of fintech that is coming increasingly to the fore.

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Can regtech and CLM save the customer experience? - new Finextra report

Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.

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European Commission makes fintech a priority in supervisory shakeup

The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.

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China's fintechs look at overseas IPOs to raise funds

The tightened regulatory environment in China is leading number of its largest fintech startups to consider launching initial public offerings (IPOs) overseas in order to raise funds.

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Hong Kong and Dubai pledge fintech allegiance

The respective regulators of the Hong Kong and Dubai financial markets have signed an agreement designed to further their mutual cooperation on all things fintech.