Observations from the Annual Conference of the Securities and Commodities Authority 2018
The challenge and ultimately the goal is to leverage compliance architecture for competitive advantage. But historically, bankers have always treated compliance as a back office function rather than a C-suite, senior level priority.
European Union rules starting this week will stress human oversight and consumer protection, which may hamper companies trying to build the tools of the future.
The financial industry needs to step up preparations for the phasing out of Libor.
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.
Many large internationally active U.S. banks are already grappling with the General Data Protection Regulation, which takes effect May 25.
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.
Banks already face a slew of threats from Brexit. Come May 25, they’ll have one more thing to worry about: GDPR.
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.