Every aspect of your business operates under an interconnected network of rules, directives and statutory obligations, all of which demand absolute control of your processes. Many of these regulations are the first of their kind, challenging to implement, and put unprecedented pressure on your regulatory reporting software and data.
At the same time, the level and frequency of regulatory reporting and oversight has also increased. The actions of your senior managers are firmly in the spotlight. Mergers, acquisitions and divestitures reshape your business and redefine its place in global markets. Firm-specific governance rules and contractual third-party requirements add extra layers of complexity.
A laser-like focus on control is required to ensure compliance and avoid reputational and financial damage.
But previous rushes to comply with new rules have led to fragmented, single-focus regulatory reporting systems and solutions. Data and business rules are often split across separate applications. Legacy technology and code are buried under layers of changes. The result is brittle, cobbled-together systems that are expensive to maintain, undermine control, and could give way at any moment. And the need to comply with multiple regulatory reporting regimes with no standardised design results increases complexity and costs further.
At Gresham, we know that you need absolute data integrity to guarantee accurate, timely regulatory reporting for all your obligations – now and in the future. So we designed our Clareti regulatory reporting platform to give you end-to-end control of reporting processes across all regulations, jurisdictions and systems.
The Head of Operations at a major bank needed to implement FINRA's OATS (Order Audit Trail System) reporting, but had concerns over how to ensure the accuracy and completeness of these reports. Watch the video...
Gresham Technologies plc (Gresham), a global fintech that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management, today announced the closing of its acquisition of Electra Information Systems, Inc. (Electra).
Data quality is often seen as an operations/back office topic but the implications stretch across your business, particularly as regulatory scrutiny increases.
The final phase of MAS regulatory reporting for OTC derivatives goes live in October 2021, a year later than originally scheduled, due to the pandemic....
Despite the events of the past year, the regulatory reporting change agenda shows no signs of slowing down. Financial institutions around the world continue to implement challenging, complex new regulation which impacts systems, data and activities....
A golden source of data was once high on the priority list for many financial institutions - but have things changed? The topic was raised at our recent data integrity webinar...
