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Navigating the Regulatory Landscape: Key EU Regulations Shaping Private Markets

November 20, 2024

The rapid expansion of private market investments over the past decade has captured the attention of both governments and regulators.

Transforming the Financial Sector through Advanced Data Analytics

October 2, 2024

The financial industry thrives on data which shapes every decision from market trends to investment strategies. In today's fast-paced and competitive landscape, the ability to analyse data swiftly and accurately is paramount.

The Corporate Sustainability Reporting Directive (CSRD) In Focus

June 24, 2024

The Corporate Sustainability Reporting Directive (CSRD) arises from the European Green Deal’s climate change action objectives, to further enhance the disclosures originally mandated by the CSRD precursor, 2018's NFRD (Non-Financial Reporting Directive) legislation.

T+1 settlement cycle: Risks and impacts for European markets

May 22, 2024

Central Securities Depositories Regulation (CSDR) introduced for the first time a requirement for all transactions in transferable securities which are executed on trading venues to be settled by no later than the second business day after the trade date

Evolution of fintech lending

May 6, 2024

Fintech lending has simplified financial transactions by increasing accessibility whilst reducing response times and management costs.

Case Study – Digital transformation project for an international Loan & Leasing company

March 18, 2024

An international Loan & Leasing company selected Parva Consulting to oversee a digital transformation initiative that would enable all its business divisions to function under a unified framework, while being locally compliant.

DORA and contractual arrangements

February 26, 2024

Tight deadline, big challenges: DORA's contractual requirements put pressure on financial entities and providers. Uncertainties and timelines raise industry concerns. Explore the key issues and emphasizes early action for a smooth DORA compliance journey.

RAIF and Luxembourg market

February 19, 2024

Approximately seven years after the introduction of RAIF funds into the Luxembourg fund market, we aim to explore their distinct features, amendments, updates, and evaluate their entry within the Luxembourg fund market.

Travel Rule Guidelines: EBA’s Blueprint to Combat the Abuse of Crypto-Assets Transfers for Money Laundering

February 9, 2024

The EBA published draft Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes under Regulation (EU) 2023/1113 (‘The Travel Rule Guidelines’).

Financial Industry Transitions to T+1 Settlement Cycle. Is Europe ready?

February 7, 2024

Step into the future of broker-dealer transactions: the SEC's rule changes are shortening settlement cycles to T+1, triggering global reflections and reshaping financial markets worldwide.

Tokenization: Reshaping Financial Markets and creating new asset classes

January 30, 2024

The financial sector is moving from cryptocurrencies to tokenized assets, reshaping capital markets. Amid cryptocurrency challenges and FTX's decline, asset managers are researching blockchain and asset tokenization for traditional and new investors.

Is the EU Banking Sector Ready for Fit-for-55? Insights from the Recent EBA Climate Risk Reporting Template

January 2, 2024

The Fit-for-55 initiative is an all-inclusive project aimed at addressing sectors substantially impacting greenhouse gas emissions. On November 17th, 2023, the European Bank Authority (EBA) released the initial template, mandatory for 110 European banks.

A new Macroprudential Approach for Investment Funds in Ireland – DP11

November 8, 2023

In July 2023, the Central Bank of Ireland (CBI) released a discussion paper, DP11, addressing the need for a new macroprudential framework in Ireland's investment funds sector.

Towards AIFMD II: public consultation and regulatory changes

October 17, 2023

Comprehensive timeline Alternative Investment Fund Managers Directive (AIFMD). Legislative approval process & next steps: Regulatory Technical Standards (RTS & ITS)

Navigating the Digital Age: The Role of Accessibility

October 9, 2023

In the digital age, web content accessibility has become a priority not only from an ethical standpoint but also a legal one. This is particularly true in the financial services sector, where millions of people rely on online platforms to manage their finances.

DORA Regulatory Implementation Technical Standards

October 4, 2023

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.

Case Study – Parva Consulting delivers seamless TA platform Migration to our client

October 1, 2023

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.

Electronic payments in the EU

September 22, 2023

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 – Strengthening the backbone of modern financial systems

September 6, 2023

DORA intends to impose higher transparency standards on investment firms, forcing them to provide more detailed and regular disclosures to regulatory agencies and investors.

Retail Investment Strategy (RIS): the reform of the regulatory framework for retail customers

August 17, 2023

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.

Towards AIFMD II, the ongoing legislative process: where are we?

July 24, 2023

Comprehensive timeline Alternative Investment Fund Managers Directive (AIFMD). Legislative approval process & next steps: Regulatory Technical Standards (RTS & ITS)

DORA who? D.O.R.A. regulation.

July 18, 2023

Digital Operational Resilience Act DORA: gestione dei rischi, servizi TIC forniti da terze parti, monitoraggio incidenti, test di penetrazione basati su minacce

The role of governance in tackling environmental and social issues

June 28, 2023

Governance is the most important pillar of ESG. Explore the different ''ESG policy'' approaches - centralised, decentralized and hybrid - and understand EFRAG standards

Parva consulting evolution advisory platforms

The evolution of advisory platforms

June 21, 2023

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

A practical four-step guide to ESG compliance

June 13, 2023

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.

Spotlight on Asset Management with Max Renzulli, Partner Parva

October 29, 2022

Max, you came to Parva after a long experience in Securities Services and Wealth Management: what were the most important projects you were involved in?

Three challenges to be considered when migrating an Italian Transfer Agency service

June 28, 2022

The continuous process of consolidation and evolution of the financial sector brings us more and more to support our clients in the management of operational efficiency, business integration and change of service provider.

New business needs and technological paradigms: supporting the organisational Change of the IT department

March 15, 2022

As part of a renewal strategy of the operating model, the company decided to redefine the organizational structure of the Information Technology (IT) Department.

What regulatory changes can we expect from the IORP II Directive?

November 29, 2021

The EU’s reform of occupational pension legislation has come in the shape of IORP II to raise the bar on governance and communication standards for occupational pension schemes.

Where is your company in their IFRS 17 Road Map?

October 13, 2021

IFRS 17 aims to build on its predecessor, IFRS 4, to provide a more complete and granular way of accounting for insurance contracts.

The symbiotic relationship between fund service providers and asset management companies

November 12, 2020

The role and market of custodian banks - or Fund Service Providers, to use a more representative term – are rarely the subject of analysis as their services and corresponding market data is even more rarely available.

How Parva helped recover a troubled project and manage a complex program across multiple client jurisdictions in the Insurance sector

July 27, 2020

A European challenge: the project was one year behind schedule when Parva was engaged. The client was already working with Parva in other locations and was referred to the Irish office as a reliable partner.

Implementing a modern, common and global business solution in an international Loan & Leasing company

July 1, 2020

Parva is supporting a major international Loan and Leasing company in the transition from a model where each country has local solutions and processes in place towards a common global business model

ETFs on the rise: How can asset managers regain the upper hand?

March 4, 2019

Passively managed investment funds put the actively managed funds of asset managers under pressure. Technology can help the latter to stay competitive in an evolving market.

CBI Discussion Paper 8 – Outsourcing – CBI ups the ante on outsourcers in financial services sector

February 4, 2019

In this article, I want raise what I believe are a few important points on Outsourcing and Offshoring for which I will use the CBI taxonomy

Evolving Substance Requirements for Fund ManCos – Ireland & Luxembourg

January 15, 2019

by Stephen O'Brien With the ever-growing number of funds and…

Market Data: what they are and why it is important to know how to manage them

January 3, 2019

The number of products and services related to the Market Data used in Financial Services is enormous. Consider that, globally, there are more than 3000 products / services.

Blockchain: a real revolution?

December 6, 2018

Everyone talks about it. The spread of the blockchain has grown exponentially, becoming one of the most disruptive technologies established in recent years

Brexit: From one detail to a transformation opportunity

November 23, 2018

As of today (Nov 23th, 2018) it still unclear whether there will be an agreement (currently a draft proposed agreement is being discussed both in UK and EU – but a clear outcome is still to be defined) or not.

Cybersecurity: the Irish case

November 6, 2018

The awareness of Cybersecurity related risks and the serious threats these risks can imply to the functioning of global financial systems have led the main European regulators to formalize progressively the good practices and conduct guidelines regulated [...]

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