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.
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.
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.
US exchanges, clearing houses, trade repositories and dealing platforms will have to test their systems for cyber-vulnerabilities at least once a quarter under new rules approved by the Commodity Futures Trading Commission.
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.
Derivatives central counterparties (CCPs) have made meaningful progress in boosting their resilience in recent years but more work is needed to ensure consistency around the world, according to new reports from major global bodies.
As regulators focus more on risk data aggregation, bankers would be well advised to devote more time and resources to RegTech and other next-generation systems. That’s according to a new white paper by Wolters Kluwer’s Finance, Risk & Reporting business.
China likely hacked computers at the Federal Deposit Insurance Corporation (FDIC) between 2010 and 2013 and the attacks were covered up by staffers at the regulator, according to a Congressional report.
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.
AxiomSL CEO Alex Tsigutkin will present ‘Staying ahead of the regulatory curve: Focusing on firms’ sustainability and profitability with all of the IT transformation and regulatory compliance controls in place’ at this year’s Sibos conference in Geneva.
March 18, 2016 - Swiss financial markets watchdog Finma has pushed through a raft of new initiatives in a bid to stimulate further growth and innovation in the country's emerging fintech sector.