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27 May
2020

Out of the window: COVID-19 prompts unexpected regulatory change for 2020 compliance, risk management workplans

Firms’ 2020 compliance workplans and risk management strategies have been rendered redundant as the regulatory response to COVID-19 has usurped everyone’s agenda. Regtech companies tracking COVID-19-related regulatory publications say more than 1,300 announcements have been made internationally as regulators roll out pandemic-specific guidelines and relax some rules to help financial institutions manage their businesses. “If Read More

19 May
2020

Regulators’ EMIR derivatives trading, MIFID II transaction data unlikely to be yielding insights required in crisis; Change needed

  • 19th May 2020
  • Rachel Wolcott

Author: Rachel Wolcott, Thomson Reuters The European Market Infrastructure Regulation (EMIR) derivatives trade reports and Markets in Financial Instruments Directive II transaction reports regulators collect is unlikely to be yielding the market insights required to navigate the COVID-19 crisis. The European Securities and Markets Authority (ESMA) 2019/20 annual report and work programme shows EMIR reports’ Read More

18 May
2020

Distributed working tests ad hoc approach to trade surveillance

Author: Rachel Wolcott, Thomson Reuters Firms’ ad hoc and often manual approach to market abuse surveillance may perform less well in the distributed working environment necessitated by the pandemic. Surveillance teams will experience higher alert volumes which may cause a backlog to accrue. Firms lacking automated trade reconstruction tools will struggle to fulfil regulatory queries. Read More