The DORA regulation, in force since January 16, 2023, aims to encourage financial institutions to develop measures to achieve digital operational resilience. To achieve this goal, financial institutions must comply with the regulation by January 17, 2025. In our previous article, we explored the regulatory environment around DORA and its six pillars.
A top tier asset manager in the Nordics selected Parva Consulting to project manage their migration to a new Transfer Agency (TA) platform. Their existing TA solution proved insufficient to meet the company’s expansion and the needs of its clients.
On 28 June 2023, the European Commission published draft legislation for financial services in the EU including the Third Payment Services Directive (PSD3) and a Payment Services Regulation (PSR) that will replace the PSD2 and the Electronic Money Directive.
DORA intends to impose higher transparency standards on investment firms, forcing them to provide more detailed and regular disclosures to regulatory agencies and investors.
In 2020 the European Commission (EC) published a revised action plan of the initiative known as Capital Markets Union (CMU) with goal to increase the participation and confidence of retail investors in capital markets.
Comprehensive timeline Alternative Investment Fund Managers Directive (AIFMD). Legislative approval process & next steps: Regulatory Technical Standards (RTS & ITS)
Digital Operational Resilience Act DORA: gestione dei rischi, servizi TIC forniti da terze parti, monitoraggio incidenti, test di penetrazione basati su minacce
Governance is the most important pillar of ESG. Explore the different ”ESG policy” approaches – centralised, decentralized and hybrid – and understand EFRAG standards
Exploring the Power of Advisory Platforms – Improve internal procedures and adopt automation to increase your efficiency and effectiveness in these 4 critical areas: 1.client onboarding 2.Model portfolio selection 3.Selection and Ranking of Target Financial Instruments 4.CRM&Dashboards
ESG (Environment, Social, and Governance) refers to the three areas where businesses commit to ensuring compliance with particular measures and objectives to be attained over the course of a medium/long-term timeframe.
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