Roundtable Report: Real-time Compliance for Real-time Processing
Post Roundtable Report: Real-time Compliance for Real-time Processing
ISITC Europe CIC produced a roundtable entitled ‘Real-time Compliance for Real-time Processing’, for invited compliance officers and relevant supporting operational functions, which was hosted by Tori Global. The resulting roundtable report written by Tori Global Senior Consultant, Ian Perham has been created from notes taken during the roundtable, which was conducted under the Chatham House rule.
“This post event report is an honest and accurate representation of the roundtable discussion” says Gary Wright, Director of Industry Affairs at ISITC Europe who moderated the session.
During this phase of market change, collaboration and knowledge sharing is vitally important. Hence the roundtable was designed to enable interaction between different operational people from varied firms with diverse perspectives. The discussion was reasoned and forthright. Topics ranged across many areas of compliance with numerous threads emanating from the lack of industry data standards to problems with data quality, accessibility and ownership. Key issues, such as T+1 and the possibility of T+0 and real time processing and the challenges these will bring to compliance.
The future of compliance was discussed and how strategic use of compliance during business, operations and technology development could save costs and produce better outcomes.
Tokenized assets, digitalization and changing market structures will all require careful planning and implementation. Compliance officer’s requirements should be factored in to enable them to efficiently do their job.
ISITC Europe recommends reading this report by all participants within the capital markets, as it provides a unique picture of the challenges faced by compliance officers in doing an efficient job. More generally industry professionals can read the report to gain a valuable insight into the challenges faced today and in the future. Click here to view report
About the Author of the Report
Ian is a senior securities industry practitioner with a 30-year track record of managing and supporting successful delivery across the financial services industry including exchanges, fund managers, wealth managers, investment banks, brokers, custodians, CSDs, banks, building societies and third party providers.
Prior to joining TORI Global, Ian worked on a range of projects covering business change, business analysis, migrations and outsourcing, remediation, regulation, strategy, business reviews, operational risk management, market research, systems implementations, client services, and interim management for clients including Barclays, Credit Suisse, Deutsche Bank, ING, NYSE Technologies and UBS.
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