Benchmark Strategies to Comply with Data-driven Regulations At FIMA Europe 2024

  • AIFMD (Alternative Investment Fund Managers Directive): Imposes reporting requirements on alternative investment fund managers, including data related to risk management and liquidity.
  • AML/CFT (Anti-Money Laundering/Countering the Financing of Terrorism): Mandates customer due diligence and transaction monitoring to detect and prevent money laundering and terrorist financing activities, involving significant data analysis.
  • Basel IV: Includes data requirements for risk measurement and reporting to ensure the stability of the banking system.
  • BCBS 239 (Principles for effective risk data aggregation and risk reporting): Sets out principles for robust risk data management and reporting to enhance risk management capabilities.
  • BMR (Benchmarks Regulation): Regulates benchmarks used in financial instruments and contracts, including data provision and oversight requirements for benchmark administrators.
  • BRRD (Bank Recovery and Resolution Directive): Establishes requirements for recovery and resolution planning for banks, involving data-related aspects such as resolution data requirements and reporting.
  • CRD IV (Capital Requirements Directive IV): Implements prudential requirements for banks and investment firms, including data-related provisions for risk measurement and reporting. • CRR (Capital Requirements Regulation): Includes data-related provisions for capital adequacy calculations and risk reporting for banks.
  • CSDR (Central Securities Depositories Regulation): Introduces requirements for central securities depositories (CSDs) and securities settlement systems, including data reporting and transparency obligations.
  • EBA Guidelines on ICT and Security Risk Management: Issued by the European Banking Authority (EBA), provides guidance on the management of information and communication technology (ICT) and security risks, involving data protection and cybersecurity measures. 
  • EBA Guidelines on Outsourcing Arrangements: Provides guidance on outsourcing arrangements in the financial sector, including data-related considerations for outsourcing agreements and risk management.
  • EIOPA Guidelines on Governance Requirements for Insurers: Issued by the European Insurance and Occupational Pensions Authority (EIOPA), provides guidance on governance requirements for insurers, including data governance and management aspects.
  • EMIR (European Market Infrastructure Regulation): Requires reporting of derivative transactions to trade repositories, ensuring transparency and risk monitoring in derivatives markets.
  • ESMA Guidelines on Transaction Reporting, Order Record Keeping, and Clock Synchronization: Issued by the European Securities and Markets Authority (ESMA), provides guidance on transaction reporting, order record keeping, and clock synchronization requirements for investment firms, impacting data recording and reporting
  • FATCA (Foreign Account Tax Compliance Act): Requires financial institutions to report information on accounts held by U.S. taxpayers to the IRS, impacting data management and reporting processes.
  • FRTB (Fundamental Review of the Trading Book): Introduces revised standards for market risk capital requirements, including data requirements for risk modeling and calculation.
  • GDPR (General Data Protection Regulation): Governs the protection and processing of personal data, impacting how financial institutions handle customer information.
  • IFRS 9 (International Financial Reporting Standard 9): Introduces requirements for classification and measurement of financial assets and impairment provisioning, requiring robust data management and reporting capabilities.
  • MAR (Market Abuse Regulation): Requires firms to detect and report suspicious transactions and orders, involving data analysis and surveillance to identify market abuse. • MiFID III (Markets in Financial Instruments Directive III): Expected to further enhance market transparency and investor protection, potentially introducing additional data reporting obligations.
  • MiFIR (Markets in Financial Instruments Regulation): Extends MiFID II requirements and introduces reporting obligations for trading venues and investment firms, including transaction reporting.
  • NIS Directive (Directive on Security of Network and Information Systems): Requires operators of essential services, including financial institutions, to implement measures to ensure the security of their network and information systems, involving data security and incident reporting requirements.
  • PRIIPs (Packaged Retail and Insurance-based Investment Products): Requires the provision of Key Information Documents (KIDs) to retail investors, necessitating data collection and disclosure.
  • PSD2 (Revised Payment Services Directive): Requires banks to open up their data to third-party providers via APIs, promoting competition and innovation in payment services.
  • SFTR (Securities Financing Transactions Regulation): Mandates reporting of securities financing transactions to trade repositories, enhancing transparency and risk monitoring in securities financing markets.
  • Solvency II: Imposes data requirements for insurance companies to assess and manage risks, including data on capital adequacy, reserves, and liabilities.
  • UCITS V (Undertakings for Collective Investment in Transferable Securities V): Imposes data reporting and transparency requirements for UCITS funds to protect investors.
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