Wednesday, 12 April 2017
Find out more about the upcoming MiFID II changeover and what AutoRek can do to help.
Monday, 20 March 2017
Read our latest blog on CP17/2: CASS 7A and the special administration regime review.
Friday, 24 February 2017
There has been a marked uptake in CASS automation and governance initiatives since the higher audit standards published by the FRC came into effect.
A recent article published in the Financial Times calculated the cost of Asset Managers implementing MiFID II. While many sell side firms have already spent of millions of euros attempting to meet the regulatory requirements, the full estimate is a staggering €2.5 billion across the industry. This equates to an average of €10.3 million for the top tier companies. The article noted that the majority of this cost will come from the technical requirements around transaction reporting.
Thursday, 05 January 2017
There is no doubt that a myriad of regulatory regimes are competing for your board's attention for planning and budgetary discussions for the upcoming year. The 2017 and 2018 horizon is filled with key compliance challenges such as the Common Reporting Standard (CRS), European Market Infrastructure Regulation (EMIR) and Fundamental Review of Trading Book (FRTB). Each of these regulations is complex and will demand a great deal of time and resources to achieve compliance within the strict deadlines imposed by the various regulatory bodies.