MiFID II and the rise of RegTech in 2017
Matt Gibbs, Product Manager at Linedata, the leading international software and technology provider, comments on the key regulatory challenges facing financial services organisations in 2017, and how a more holistic regulatory technology approach should be adopted to reduce mounting pressure:
Technology Project Starts Set to Soar in 2017 as Asset Managers Adapt to Evolving Regulatory and Client Demands
Results of a new survey reveal that technological and operational projects are high on the list of priorities for asset managers over the next 12 months as they respond to the changing regulatory landscape and to meet the evolving needs of their clients. The report, which is being launched at the TSAM Boston conference taking place tomorrow, reveals that over half (52%) of asset management companies surveyed are planning to replace out-dated or legacy technologies in the next 12 months.
Pinsent Masons calls for clearer regulatory guidance on robo-advice
Financial regulation and technology experts at international law firm Pinsent Masons call for end to 'advice versus guidance' debate to avoid hindering innovation in robo advice.
Forbes Insights Study Shows Data Governance Key to Realizing Full Value of Business Intelligence
Qlik®, a leader in visual analytics, and Forbes Insights today released results from "Breakthrough Business Intelligence: How Stronger Governance Becomes a Force for Enablement,” a global study revealing that while Business Intelligence (BI) is yielding important benefits for the vast majority of surveyed companies, most feel there is more to come.
US regulators set out new cybersecurity standards
US regulators have set out plans to strengthen the way they oversee big banks in a bid to protect the country's financial system in the event of a major cyberattack or technology failure.
Ecuador bank gets nod to proceed with suit against Wells Fargo over Swift heist
Wells Fargo has failed to convince a judge to dismiss a lawsuit brought against it by an Ecuadorian bank in connection with a $12 million theft made over the Swift network.
Wolters Kluwer’s Governance, Risk & Compliance Division Acquires Vcorp Services
Wolters Kluwer’s Governance, Risk & Compliance (GRC) Division, which includes the company’s financial services and corporate legal services business lines, has acquired US-based Vcorp Services, LLC. This 22 person firm is a provider of registered agent, UCC and other corporate legal services. The acquisition strengthens the Division’s “existing portfolio of legal and compliance products and services by furthering CT Corporation's reach into its core markets, including small and mid-sized law firms and corporations”, Wolters Kluwer GRC said in a statement.
Merrill Lynch pays $12.5m fine over mini-flash crashes
The Securities and Exchange Commission has fined Merrill Lynch $12.5 million for ineffective trading controls which led to a series of "mini-flash crashes".
