Navigating the regulatory road

Maddie Saghir reports

With the COVID-19 pandemic putting the brakes on various preparations for regulatory go-live dates, industry experts are still working hard to remain in the driver’s seat

From Asset Servicing Times ISSUE 253

“…Brexit could also potentially disrupt other regulations too, according to Clement Miglietti, chief product officer, NeoXam, who explains that while there is still time for a deal to be struck, it is looking possible that no agreement on equivalence will be reached.

This means that reporting requirements to UK and EU regulatory authorities could begin to diverge from January 2021.

‘Financial institutions have to accelerate their planning now to get ahead of any changes and maximise their reporting efficiency,’ Miglietti comments.”