The Financial Services Compensation Scheme (FSCS) is a UK government-backed scheme that provides compensation to consumers if a financial services firm is unable to meet its obligations In this respect the FSCS can be regarded as a safety net for consumers when dealing with financial services. It was established in 2001. The FSCS can [...]
DEX Data Explorers launches a new version of DEX Regulatory Suite (DEX RS) with integration with ChatGPT. DEX Regulatory Suite is DEX Data Explorer's solution for regulatory reporting and Customer Due Diligence. ChatGPT is OpenAI's chat function that is taking the world by storm. ChatGPT can be used to build chatbots for a variety [...]
In recent years, issues such as money laundering, terrorist financing, fraud, corruption and sanctions legislation have been in the spotlight, this is because these crimes have a great impact on our society. Because these crimes are expressed through our financial system, legislation has been developed for financial institutions to prevent and combat these crimes. [...]
From March 10, 2021, many financial market participants and financial advisors will be subject to new reporting requirements following the entry into force of the EU Sustainable Finance Disclosure Regulation (SFDR) on December 29, 2019. SFDR establishes rules for transparency to promote both the integration of sustainability risks into investment processes and Investor Reporting. [...]
This post discusses regulatory reporting for EMIR and the solution DEX Regulatory Suite offers for this regulation. The European Market Infrastructure Regulation (EMIR) is a body of legislation for over-the-counter (OTC) derivatives, central counterparties and trade repositories. EMIR was introduced by the European Union (EU) as implementation of the G20 commitment to reduce systemic, [...]
This whitepaper discusses regulatory reporting for EBA Stress Test 2020 and DEX Regulatory Suite for EBA. On November 7, 2019 the European Banking Authority (EBA) published the final methodology and draft templates for the 2020 EU-wide stress test along with the key milestones of the exercise. The stress test exercise will be formally launched [...]
The implementation and compliance of transaction reporting and transparency obligations presents investment firms with some difficult choices. Is it better for the company to outsource transaction reporting, either through transmission or through an Approved Reporting Mechanism (ARM), or is it better to share sensitive information as little as possible and send the transaction report [...]
With the coming into force of SFTR in January 2020, market participants are required to report to Trade Repositories all data pertaining to the securities financing transactions. In particular, reporting is related to Buy Sell Back, Repurchase, Securities Lending and Margin Lending transactions. All data collected by the Trade Repositories will be made available [...]
This white paper discusses the Financial Assessment Scheme (FTK) and the services Addition Knowledge House offers supporting the FTK process. Financial Assessment Scheme (FTK) The Financial Assessment Scheme (in Dutch: Financieel Toetsingskader/FTK) is the supervisory regime that applies as from 1 January 2007 to the financial position and financial policy of pension funds and [...]
The IORP II Directive sets common standards ensuring the soundness of occupational pensions and better protects pension scheme members and beneficiaries, by means of among others: new governance requirements, new rules on IORPs’ own risk assessment, new requirements to use a depositary, and enhanced powers for supervisors. EU countries have transposed the new rules [...]
