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Are you unsure about what a UTI is, or how to get one? TRAction has written a helpful article to provide you with everything there is to know about unique transaction identifiers, in a simple format that will help you understand your responsibilities based on your reporting regime. #TransactionReporting #RegulatoryReporting #Regtech

With 2025’s regulatory environment demanding unprecedented agility, firms must prioritise building adaptable systems that can evolve with changing requirements. By leveraging data automation tools, operations teams can independently manage processes, enabling firms to respond proactively as new regulations, such as T+1 settlement in the UK and EU, take effect.  

Streamline. Standardize. Scale. Embrace ISDA DRR and transform how you approach regulatory reporting—effortless compliance starts here. 🚀 #ISDADRR https://lnkd.in/en6GWG4H

RBI's efforts to foster innovation in the financial sector through controlled testing environments and ongoing support for new technological advancements are noteworthy. Five MSME lending products have successfully completed the test phase under the RBI's regulatory sandbox cohort. These products were evaluated based on mutually agreed test scenarios and expected outcomes. The regulatory sandbox provides a controlled environment for live testing of new products or services. It allows for certain regulatory relaxations specifically for the testing period, promoting innovation in financial services #RBI #Sandbox #Testing #Sandbox #Regulatory #Innovation #FinTech https://lnkd.in/eX8Rhejz

Learn how to take advantage of compliance-centric automation and AI-enhanced technology to streamline your compliance and stay ahead of evolving regulatory requirements in this comprehensive webinar from Protecht. https://lnkd.in/eEGr7KW3

Industry challenge and MOODY'S solution. PROBLEM European council new regulatory reporting requirement for EU credit and financial institutions, effective july 1st 2024. - Report semi-annually on outgoing transfers outside EU > 100.000 EUR p.a from EU legal entitities > 40% owned by Russian companies. - Motivated by getting better visibility on flows of funds related to Russian-owned entities outside of the EU. - Created a significant compliance challenge that requires new tracking and reporting systems. - Reporting deadline july 15th 2024, then semi -annually. SOLUTION - MOODY'S curated data-set (feed) from curated entity data (Orbis) built to meet regulatory reporting requirements. - We identified 46,000 entities with a qualifying Russian Nexus

European Securities and Markets Authority (ESMA) has recently released its 2023 report on quality and use of data. 📖 Within this 50-page report, data issues and improvements concerning EMIR, MiFIR and other directives are evaluated. As EMIR REFIT is just 11-days away, it's worth a read to see what organisations are doing well and where they can improve with regards to data quality... Learn more here - https://lnkd.in/ecFE722n #ControlNow #EMIRREFIT #MiFIR #ESMA #DataReport #RegTech #ThursdayThoughts #TransactionReporting #RegulatoryReporting #FinancialReporting

Part 2: Improving Regulatory Decision-making through a Best-Practice Framework Building on Part 1, this interview explores solutions for effective regulatory decision-making in financial institutions. The Challenge - Fragmented technology architectures create inaccurate and inconsistent pre-trade controls. - Poor data management leads to over/under-reporting and extensive reconciliation. The Solution Embrace a best-practice framework for regulatory decision-making: - Automate compliance and adapt to evolving regulations - Reflect industry consensus on regulatory interpretation - Create traceable artifacts for auditability 💡 Invest in technology and expertise to understand regulatory data. Droit's solutions help institutions achieve best-practice compliance and optimized operations. ➡️ To find out more about how to implement a best-practice framework for regulatory decision-making, read more here: https://bit.ly/444tl1P #regulatorycompliance #DecisionMaking #transactionreporting #pretrade

Delighted to engage with our clients at our seminar on SFC Regulatory Update. On 31 October 2024, our Financial Services partners, Jeremy Lam and Isabella Wong, hosted the seminar at Centricity to help clients stay tuned of and prepared for SFC regulatory changes. This event brought together about 100 industry professionals to discuss significant developments in the regulatory landscape. Jeremy updated clients on SFC inspections by sharing the SFC’s statistics on investor complaints, breaches noted during inspections and focused areas of regulatory concern as set out in the SFC’s recent circular to licensed corporations engaged in asset management business: Deficiencies and substandard conduct noted in the management of private funds and discretionary accounts (available at https//https://lnkd.in/gsmPpwvm). Isabella further provided updates on various regulatory topics including: • Financial resources management (see: https://lnkd.in/gmTK2nMx) • Project Ensemble: Fund tokenisation (see: https://lnkd.in/gcRPr_xq) • Generative AI (see: https://lnkd.in/g3M4rwgi) The seminar also discussed the potential regulatory focus on OTC derivatives licensing in 2025 and its impact on asset managers. For detail of our services, please see: https://lnkd.in/g7_yz385. Learn more about our Financial Services practice here: https://lnkd.in/gqKmBm7v   #Deacons #DeaconsFinancialServices #InvestmentFunds #Assetmanagement #Regulatory #Compliance #Licensing #Inspection #Tokenisation #GenerativeAI

With trade surveillance facing intense regulatory scrutiny, our Validus platform can help firms to effectively navigate emerging enforcement trends and address key challenges: 🤖 Automation for efficiency Automates routine alerts, allowing analysts to focus on exceptions and more complex cases. ⚙️ Customization and flexibility Allows for flexible configuration, enabling firms to adjust thresholds and alert types to match their specific risk profiles. 🕒 Real-time data ingestion and accuracy Ensures that all relevant data is captured in real-time and that there are no gaps or delays in the ingestion process. ✔️ Sustainability and audibility Allows firms to easily demonstrate their compliance efforts during regulatory audits. This includes clear audit trails, documented processes, and the ability to generate reports that show how alerts were handled from inception to closure. Learn more: https://hubs.ly/Q02V3JR10 #Regulation #TradeSurveillance #CCO #MarketAbuse #MarketManipulation