RegTech Insight Regulations The latest content from across the platform
Adopting a Principles-Based Framework for AI Governance
Governance in IT is a well-established discipline underpinned by multiple standards from international and national organisations like ISO, IEC and AICPA. What these standards share is a principles-based approach to the implementation of standards within the organisation. A new governance framework to cover emerging AI technologies is not just a necessity but an urgent need….
Bloomberg Releases Tool for Sustainable Investment Screening
Bloomberg has released a tool that helps investors assess portfolios, funds and indices based on sustainability criteria and thresholds customised by the user. Available on the Bloomberg Terminal and based on the company’s ESG data, the solution facilitates a transparent screening process and can be used for both making investment decisions and to help clients…
SteelEye Survey Finds Compliance Investment Falling while Regulatory Demands Continue to Rise
Compliance teams are facing escalating pressures driven by greater regulatory scrutiny and macroeconomic challenges, according to the 2024 Annual Compliance Health Check Report from SteelEye’. This is the third Annual Compliance Health Check report which surveyed over 400 senior compliance decision makers at financial institutions across major financial centres in the US, UK, APAC, and…
ValidMind Secures $8.1 Million for Model Risk Management and AI Governance Solutions Development
ValidMind has secured $8.1 million in a seed funding round. The investment will focus on developing model risk management and AI governance within the banking and financial services sectors. The company says the seed round was over-subscribed, demonstrating support from investors in its long-term vision to be the certifying authority for all AI solutions, starting…
Baader Bank Selects Broadridge for Regulatory Trade and Transaction Reporting
Baader Bank has extended its relationship with Broadridge Financial Solutions with an agreement to use the vendor’s regulatory trade and transaction reporting solution to ensure a more unified and comprehensive regulatory reporting framework. The bank already uses Broadridge’s front- and middle-office solutions for order management, trading and market connectivity. Baader Bank offers asset classes including…
Smarsh Augments Comms Surveillance
As regulators in the UK, EU, and US continue to come down hard on firms failing to maintain adequate control of business conducted over digital communications channels, Smarsh’s acquisition of TeleMessage in February aims to broaden the company’s offerings in the digital communications compliance and intelligence space. Says CEO Kim Crawford Goodman. “Together with TeleMessage, Smarsh…
EU Parliament Approves Landmark Artificial Intelligence Act
The EU Parliament has approved the Artificial Intelligence Act, marking the world’s first regulation of AI. The regulation establishes obligations for AI based on its potential risks and level of impact and is designed to ensure safety and compliance with fundamental rights, democracy, the rule of law and environmental sustainability, while boosting innovation. The act…
SmartStream Reference Data Services Provides Derivatives Data for EMIR Refit
SmartStream Reference Data Services (RDS) has released an enhanced derivatives data service providing in-depth insights into futures related transactions and playing into EMIR Refit reporting requirements. EMIR Refit is geared towards enhancing transparency and stability in the OTC derivatives trading market and is set to take effect in April for Europe and September for the…
SteelEye Strengthens Presence in APAC by Incorporating in Singapore
SteelEye, provider of an integrated surveillance platform, has strengthened its footprint in Asia-Pacific (APAC) by incorporating in Singapore. This will enable closer collaboration with clients and regulatory authorities and comes at a time of heightened enforcement action by the Monetary Authority of Singapore (MAS), which over the past year fined four banks and an insurer…
Duco Offers Transaction Reporting Eligibility Validator for EMIR
Duco, a provider of Software-as-a-Service (SaaS) AI-powered data automation, has released a transaction reporting eligibility validator that provides an independent validation of internal eligibility rules by using field-by-field comparison of individual financial services firms’ rules versus existing ESMA eligibility requirements. The solution highlights under and overreporting using Duco’s reconciliation and exception management capabilities, and regulatory…