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Culture, conduct and how RegTech can help
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16 Feb
2017
conduct risk, regtech and conduct, regtech conference

Culture, conduct and how RegTech can help

Improving the culture and codes of conduct within financial services firms has been a longstanding issue of contention since the financial crisis.  Combatting negative behaviours and inefficient controls has proven difficult to regulate and tackle head on. In 2013, the FSB officially acknowledged business conduct as a new category of business risk and now, in Read More

09 Feb
2017

Technology and the ascent to compliance

The rise of [insert-abbreviation-here]Tech companies signifies a pragmatic shift of business consciousness toward solutions that make use of advances in modern technology. In the banking sector, the magnitude and complexity of firms has immobilised the possibility for innovation. FinTech solutions attempt to combat this issue by producing new and intuitive services for banks and the Read More

07 Feb
2017

Preparing for the regulatory flood: standards getting us to high ground!

  • 7th February 2017
  • Letitia Bolton

Since the financial crisis, we have been gifted over two Eiffel Towers high worth of complex and costly financial regulation, ever increasing in quantity and intricacy. Boards struggle to formulate their strategies to deal with regulatory-driven change to their operating models. There are answers, and now is the time to flush them out – before Read More

24 Sep
2014

Risk off

This article originally appeared in the autumn 2014 edition of Markit Magazine.   JWG analysis. The Basel Committee’s principles for effective risk data aggregation and risk reporting (BCBS 239) may be among the least well known components of the post-financial crisis reform package. Yet they could ultimately bring about the most significant changes to the Read More

19 Nov
2013

The cost of implementing the LEI: CDOs under the gun?

  • 19th November 2013
  • RegTechFS

A big theme present at a big industry data conference earlier this month was how firms were approaching the BCBS’s standards on risk data aggregation as well as the implementation of the regulatory data agenda. With the FSB and the BCBS agreeing that “higher expectations” must be met by G-SIFIs for risk data aggregation and Read More

18 Jul
2013

Let he who has good data cast the first stone

Given the exponential growth of reporting requirements since the crisis, firms often ask: ‘Where does all this data go and who has the time to look through it all?’  In fact, recent statements by regulators have made this question all the more valid given that regulators’ data systems, it is increasingly apparent, often suffer from Read More

09 Jul
2013

Risk data: Can it be both efficient and compliant?

Risk regulation is a cluster bomb – multiple devices with multiple impacts – but applying uniform risk data principles can save costs in 2013-16 With six months before the 4th Capital Requirements Directive comes into force, many will be asking what technological improvements will be necessary to efficiently manage risk going forward. Before they embark Read More

18 Jun
2013

Risk data aggregation: forming the view from nowhere

Without a consolidated viewpoint on what new risk data requirements mean, firms will be at a loss when it comes to determining best practice. The deadline for firms to upgrade their risk data aggregation capabilities is fast approaching. The Basel Committee for Banking Supervision’s Principles for Risk Data Aggregation and Risk Reporting are due to Read More

15 May
2013

New intraday liquidity reporting requirements will need further alignment?

In April, the BCBS announced that internationally active banks would be required to submit intraday liquidity reports to their regulators on a monthly basis.  In their short paper, ‘Monitoring tools for intraday liquidity management’, they set out several measures of intraday liquidity, scenarios for stress testing and a reporting template.  However, there are several major Read More

10 May
2013

The big bang: What happens when risk and data collide?

The face-off between risk and data is coming.  Lack of co-ordination, both between the regulators setting the rules and within the firms implementing them, is on course to result in a messy collision when the two sets of requirements meet. Commonly, the extent of the damage done by the financial crisis has been blamed on Read More