7 Results
Luke Trigg Co-founder at Logical Construct
Document remediation projects are not new. Anyone working in Capital Markets in recent years can probably describe the steps involved as they tend to be similar each time. Recent battle scars in the derivatives world include Uncleared Margin Reform (UMR) where large volumes of derivatives documents had to be amended – first for variation margin ...
29 July 2019 /ai /regulation Banking Regulations
The legal industry is ripe for an injection of modern technology and that has not gone unnoticed by myriad start-ups all vying to bring the revolution. Creating better ways of doing things is often the easy part; the culture shift required for adoption is much harder, particularly when dealing with a profession steeped in tradition. The question be...
14 September 2017 /ai /regulation Fintech innovation and startups
The upcoming regulations for uncleared derivatives have banks with large concentrations of contracts facing a daunting re-papering task. Help is at hand from a number of full-service vendors, law, process and technology partnerships offering to manage everything from contacting counterparties to drafting, renegotiating and providing data on the ...
11 July 2016 /regulation
Industry utilities are fast becoming the new reality in the post financial crisis banking arena, with Know Your Client (KYC) and Collateral Management initiatives already in progress. The main driver behind this utility model is improved operational efficiency and the associated cost savings, yet many large financial institutions have yet to brea...
17 November 2015 /regulation
In early March the European Banking Authority (EBA) published a consultation paper outlining draft regulatory standards for the minimum set of data that institutions should hold on their contracts within the European Union. Rather than requiring a few scant details that can easily be covered off by any in-flight programmes to patch-up data, the dr...
24 April 2015 /regulation
Natural language document processing of counterparty contracts sounds like another Big Data problem, but at its heart this is really about very ‘Small Data’. Banks are interested in a solution to assist with initiatives ranging from regulatory reform through to more competitive pricing, but most continue to grapple with this superficially simple c...
19 September 2014 /regulation
Much has been written about the pressures on banks in a highly regulated post-crisis market. Less discussed are the myriad of operational challenges that have since emerged, creating new layers of complication. Added to this, political and institutional bad news stories continue to send ripples through the sector, prompting banks to assess the man...
19 August 2013 /regulation
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