Real-time Compliance for Real-time Processing -A Compliance Strategy for the Future

Real-time Compliance for Real-time Processing

A Compliance Strategy for the Future

Thursday 12th June 2025

An ISITC Europe Roundtable Discussion in Association with the CISI and PIMFA

Kindly hosted by

Venue: Room 8.01, One Canada Square, London, E14 5AA

Time: 16:00  (Registration from  – 15:30) Welcome/Opening Address  followed by roundtable discussion

18:00 Close Followed by Networking drinks until 19:00

Background Information

There are critical data quality issues facing the capital markets industry that have persisted for decades. Despite heavy investment by individual firms in new technologies, the results have been not as effective as they might have been, due to counterparties or third-party service providers failing to tackle the inefficiencies. Now, accelerated settlement is creating a greater requirement to find industry-wide solutions. New and evolving regulations and ongoing market changes in domestic and international markets are creating a necessity, for compliance teams to get ahead of the game. To enable real-time compliance for real-time processing to save failures and fines and increase efficiency.

It is acknowledged that in whatever size firm one operates, data accuracy and governance are ongoing challenges. The FCA have called out transaction reporting, but do these challenges have a wider impact on regulatory compliance and is there clarity regarding the roles of the three lines of defense? 1) Front Office, Operations and Technology – as risk owners. 2) Compliance – advising on managing those risks and testing that there is appropriate compliance with obligations. 3) Audit.

Market Watch 81 which covers the FCA’s findings on data quality issues, has identified significant weaknesses in data quality, change management, reporting processes, data governance, oversight and resourcing that adversely impact transaction reporting (MiFID), trade reporting (EMIR/STFR) and adherence to various regulations such as Dora / Ops Res, Consumer Duty and AML / KYC.

As markets move towards 24/7 trading and real-time processing, these problems will worsen, impacting compliance. Overcoming these challenges will require collaboration across the Front Office, Operations, Technology, and Compliance.

Client and business demand for new products and services that take advantage of technology developments require real-time data with the necessary data management, data access, and data quality.

 A holistic approach to data challenges, including T+1 and other regulatory issues, is needed to find cost-effective solutions, which would enable compliance with multiple regulatory obligations.  Firms therefore need to adopt a strategic approach to data management to enhance operational compliance and efficiency.

The FCA findings in Market Watch 81 indicate that there are significant challenges to be overcome if this is to be achieved.

This ISITC Europe roundtable aims to bring together compliance officers from across the market including both buy and sell-side; to debate and discuss the Compliance challenges we all face today. And to understand and identify cost effective strategic solutions. Time to take a smarter approach to Compliance!

Each roundtable will be conducted under the Chatham House Rule, where no individual or company will be named, to facilitate a free and frank exchange of views. Sessions will be moderated by a member of the ISITC Europe.