Media Coverage, Media Coverage - EMEA

The Model Muddle

Many financial institutions (FIs) find themselves wondering how they became mired in a credit model muddle that is dragging down their profitability. They want to know how they can get out of this swamp. Traditionally, FIs heavily relied on economic capital models to support business decision-making. Then, with the financial crisis precipitating a slew of […]

Media Coverage, Media Coverage - APAC

Tech-savvy private banks could benefit from regulatory scrutiny

24 January 2019 The private banking industries of Hong Kong and Singapore are gearing up for major regulatory reforms in a few months’ time, and how private banks leverage technology to facilitate the transition will separate the wheat from the chaff, according to fintech professionals. From April, Hong Kong’s private banks will be required to […]

Media Coverage, Media Coverage - APAC

Trust in banks’ data declines as anxiety over upcoming regulations increases

20 August 2018 Three-quarters of financial services executives in the Asia Pacific are concerned about upcoming regulations and what they mean for data quality and management, according to an annual survey of senior-level risk and regulatory executives conducted by RegTech firm AxiomSL. Anxiety over financial firms’ ability to comply with incoming regulations is on the […]

Media Coverage, Media Coverage - AMERICAS, Media Coverage - APAC, Media Coverage - EMEA

Regulators bristle at slow progress on BCBS 239 By Steve Marlin 18 July 2018 Article reports that regulators are growing impatient with the industry’s slow pace in adopting the risk-data aggregation and reporting principles under BCBS 239, with only three of 30 banks passing the Basel Committee’s most recent compliance tests. Non-compliant banks now face capital add-ons and restrictions on their business […]

Media Coverage, Media Coverage - AMERICAS, Media Coverage - APAC, Media Coverage - EMEA

AI Wide Open: The Risk Technology Awards 2018 highlight how new technologies are bringing recognition for vendors

12 July 2018 Artificial intelligence and machine learning are finding new homes in finance. Although some hedge funds and specialised teams have applied these techniques – some of which were developed in the 1950s and 60s – to market analysis and trading for a while, they are now appearing in a broader spectrum of applications. […]

Media Coverage, Media Coverage - APAC

MAS 610 to be “cornerstone” of future regulatory data submissions

10 July 2018 The overhaul of MAS 610 is set to become the “cornerstone” of further submissions to the Monetary Authority of Singapore (MAS), as future regulatory reports are likely to require data similar to that demanded by the updated standards, according to a regulations expert from PwC. The Monetary Authority of Singapore commenced the […]

Media Coverage, Media Coverage - APAC

AxiomSL Announces Completion of Open Taxonomy to Streamline MAS 610 Compliance

By Manesh Samtani, Regulation Asia Published on 9th July 2018 Industry initiative has condensed over 300,000 data points required by MAS 610 into 1,000 re-useable business concepts, simplifying and streamlining compliance with the reporting mandate. AxiomSL has completed the launch of its Open Taxonomy project, an industry initiative which sought to simplify and streamline compliance […]