Protect & Detect White Paper

TO PROTECT & DETECT
An evaluation of compliance system requirements for the Securities Market

B.I.S.S. Research white paper commissioned by Business Systems UK Ltd - Available here for download >

Many financial services firms have been failing to comply with post MiFID Regulations and the Market Abuse Directive (MAD) because of aging legacy systems reports a new white paper commissioned by Business Systems (UK) Ltd and published by B.I.S.S. Research. The operational and technological problems faced by compliance officers combined with the intolerable burden of compliance and accurate reporting caused by disparate systems and databases are highlighted as significant contributing factors.

The heart of the white paper examines potential technology solutions to the problems highlighted by the FSA’s ‘MiFID Thematic Review’ published in 2009. The white paper concludes that significantly more investment in new systems technology is required by financial services firms, to benchmark the firm’s performance, against client contracts and service level agreements. It goes on to suggest that a rules based approach to systems design will provide a historical data line, that in time, will enable more proactive compliance, preventing breaches rather than detecting them.

Content Covers:

- The Financial Services Market - & the regulatory burden
- Compliance problems for Financial Services Firms
- Requirements for Compliance Systems
- FSA report “MiFID supervisory priorities - results of wholesale thematic review”
- Market Abuse, Rogue Traders & Insider Dealing
- ASP & Outsourcing
- Future systems for compliance

Intended Audience:

Financial Services firms
- Compliance officers, teams and departments
- Heads & Managers of Technology, Telecomm’s & Trading
Consultants & Procurement Specialists in the area’s outlined above

Download your complimentary copy now >

View further information on the Market Detect data analytics product, referenced in the white paper.