Regulatory scrutiny is intensifying across the globe. Rewrites to CFTC, EMIR, ASIC and MAS made reporting rules stricter and increased oversight on your data quality.
The Australian Securities and Investment Commission (ASIC) have just pushed this even further. They’re harnessing advanced third-party technology to scrutinise regulatory reporting in near real-time.
They may be the first, but they won’t be the last.
We’re entering a world where regulators can check your homework as soon as it’s submitted and flag errors as early as the next working day. How can you stay on top of data quality and ensure you have the agility to react to feedback on a day-by-day basis?
Experts from Duco and TRAction explore this new frontier in regulatory oversight, including:
- Why regulatory reporting is no longer a ‘set it and forget it’ exercise
- Real examples of proactive oversight
- Why you can expect this type of scrutiny from all jurisdictions
- How this increases pressure on manual processes and legacy on-premise technology even further
- How tighter, faster scrutiny adds to the operational burden on firms, whether they report or delegate
- The importance of proactive, transparent data controls when faced with tech-savvy regulators
