Prudential Regulation Authority (PRA)
Breaking out of the cells: banks’ long goodbye to spreadsheets
Dealers are cutting back on their use of Excel amid tighter regulation and risk concerns.
BoE model risk rule may drive real-time monitoring of AI
New rule requires banks to rerun performance tests on models that recalibrate dynamically.
Financial firms rethink after cyber insurance premium spike
Brokers say there are signs pressure is easing, but quantum hacking threat could transform market
FCA and BoE: Evaluate Your Third Parties
Consultation on new rules is set to close on April 3, but regulators are reviewing deadlines as firms are under pressure due to the coronavirus.
APIs a ‘Game Changer’ for Third-Party Oversight – BNY Mellon EMEA Commercial Lead
As UK regulators look to strengthen operational resilience rules, one solution could be to use APIs to access vendor data.
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
Firms Struggle with SM&CR Compliance and Preparations
As all FCA-regulated firms will fall into scope of the Senior Managers and Certification Regime by the end of the year, concerns emerge on how to implement the regulation.
FCA Releases Review of Algo Trading
UK regulator provides effective "how-to" guide for compliance.
ICBC Taps AxiomSL for Mifid II Solution
The bank is able to use the same platform for multiple regulatory reporting requirements.
PRA’s Bailey Appointed as New FCA Chief Executive
Prudential Regulatory Authority’s Andrew Bailey steps up to take UK regulatory hot seat starting in July.
UK Authorities Adding LEI Capability For Filings
In November, funds may be identified to UK regulators using legal entity identifier
Facing Up to the New Regulatory World
The BCBS 239 risk data aggregation principles, CCAR and FDSF stress tests, and COREP and FINREP reporting frameworks are some of the most significant new measures developed by regulators and are having a major impact on data management, writes Nicholas…
Seeking Solvency II Surety
Implementation of Solvency II in January 2016 has been confirmed, but many of the data challenges are unresolved. Susan Wright of the Investment Management Association tells Nicholas Hamilton that asset managers, third-party administrators and insurers…
Compliancy Services Selects Lombard Risk for EBA Common Reporting
Compliancy Services, the regulatory compliance consultancy, has selected Lombard Risk Management’s cloud-based version of Reporter to enhance its regulatory returns submission services.
Quality Time for Counterparty Data
A recent report by an international group of market supervisors has expressed concern about firms’ ability to report on their counterparties. Why does this area of data management remain so challenging and what should firms do to a get a handle on it,…
Counterparty Reporting Still Below Standard, Say Market Supervisors
According to an international group of market supervisors, five years after the financial crisis, firms are not meeting their expectations in relation to the consistent, timely and accurate reporting of their counterparty exposures
Officer on Deck
The face of UK regulation changed yesterday.
The FCA Wants You to Know That It Knows Technology Exists
With the split of the UK Financial Services Authority (FSA) into two component parts rapidly approaching, one arm has released its business plan and risk outlook, where it touches on technology in strokes so broad they're almost invisible.