Asset managers resist bank-like capital and liquidity regulations being contemplated by regulators. But new requirements appear unavoidable given recent regulatory trends.
The integration of the world’s financial markets means that compliance reform challenges are not confined to any one region.
Order and execution management systems (OMS/EMS) enable buy-side and sell-side firms to connect to global markets, create more efficient workflows, lower total cost of ownership, and meet increasingly stringent regulatory compliance obligations.
The data governance necessary to comply with the GDPR will likely prove helpful in advancing an information governance program’s ability to move toward automation of its policies and procedures.
Hong Kong’s financial institutions are still struggling with developing and enforcing KYC and AML policies and regulations.
If MiFID II was the equivalent of stubbing one’s toe, firms need to start preparing now so that the anticipated three-fold increase doesn’t turn into an expensive and ever-more painful root canal.
Enterprise architecture is one solution for better identifying, structuring and protecting data, and in four steps, can be a secret weapon for ensuring compliance success.
Though the smoke from the MiFID II implementation has barely cleared, the next regulatory challenge facing firms operating in the EU is already on the horizon.
IFRS 9, which took effect in January 2018, calls for tightening of the accounting rules for fixed-income instruments by requiring more instruments be carried at mark-to-market.
"It’s important to have a 'regulator ready' mindset as you start the process of addressing each point of GDPR’s 99 articles. Your organization needs a structured, risk-based approach to introducing iterative change in line with GDPR requirements and privacy principles."