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Recorded Webinar: Best practices for compliance with EU Market Abuse Regulation
EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation, technology and culture, financial institutions continue to struggle to stay on the right side of the…
RegGenome Launches GenAI-Optimised Reg-Data Repository
RegGenome, a spin-out from the University of Cambridge, has launched an enriched regulatory data repository powered by Generative Artificial Intelligence (GenAI). This solution aims to address the increasing regulatory costs and complexities faced by firms by leveraging advanced AI technologies for regulatory operations and compliance management. A study by Accenture indicates that while 93% of…
Financial Firms Reliant on Management by Policy for Comms Compliance, Survey Finds
Management by policy – specifically bans on communications channels, particularly WhatsApp – remains the most the most common approach among financial institutions to ensuring secure, compliant communications, according to a survey from archiving specialist Global Relay. Although the figure dropped by 15% from a year, 43% of survey respondents said bans were their preferred solution….
FRTB Compliance – New Rules and Data Challenges for Global Banks
The Fundamental Review of the Trading Book (FRTB) was developed by the Basel Committee on Banking Supervision (BCBS) as part of the Basel III framework to address several key shortcomings identified in the market risk regulatory framework that existed under Basel II.5. FRTB was finalized in January 2016 and initially scheduled for implementation by January…
Cube Scales Globally with Two Strategic Acquisitions
With two significant acquisitions announced within days of each other beginning with – Cube acquires Reg-Room to further extend its regulatory intelligence and horizon scanning capabilities followed 8 days later by Cube acquires global regulatory intelligence businesses from Thomson Reuters – regulatory intelligence specialist Cube has been busy adding to its portfolio of capabilities. RegTech…
A-Team Group Announces Winners of RegTech Insight Awards Europe 2024
A-Team Group has announced the winners of its RegTech Insight Awards Europe 2024. The awards recognise both established providers and innovative newcomers providing RegTech solutions to capital market participants that significantly improve their ability to respond effectively to evolving and ever more complex regulatory requirements. The awards were announced on 23 May 2024. This year’s…
An Integrated Approach to Combating Financial Crime
Digital transformation in the capital markets sector has given rise to a dramatic increase in the volume of transactions and data, particularly in highly liquid markets. This increase coupled with complexities in cross-border and cross-product trading activity and innovations in financial assets (crypto, digital assets) has created a fertile ground for criminal exploitation. Financial crime…
CUBE Expands Regulatory Reach With Strategic Acquisitions & Partnerships
CUBE recently announced the acquisition of Reg-Room, a strategic move aimed at broadening its regulatory intelligence capabilities. This acquisition, coupled with a significant new partnership with investment firm Hg, marks a pivotal phase in CUBE’s growth strategy. The acquisition of Reg-Room, allows CUBE to incorporate and expand its regulatory change monitoring and analysis. This is…
Recorded Webinar: How to leverage Generative AI and Large Language Models for regulatory compliance
Generative AI (GenAI) and Large Language Models (LLMs) offer huge potential for change across capital markets, not least in regulatory compliance where they have the capability to help firms understand and interpret regulations, automate compliance, monitor transactions in real time, and flag anomalies in the same timeframe. They also present challenges including explainability, responsibility, model…
Hosting GenAI in the Cloud for RegTech
In his recent letter to shareholders, JP Morgan Chase CEO Jamie Dimon highlighted cloud computing and GenAI as integral components of the firm’s strategy, with 75% of its data and 70% of its applications to be hosted in a combination of public and private clouds this year. Over the past decade, cloud computing has become…