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.
https://parvaconsulting.com/wp-content/uploads/2024/09/Financial-Sector-data-analytics.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2024-10-02 06:19:112024-10-03 08:15:49Transforming the Financial Sector through Advanced Data Analytics
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.
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
https://parvaconsulting.com/wp-content/uploads/2024/05/T1-settlement-cycle-.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2024-05-22 09:37:182024-06-13 14:50:12T+1 settlement cycle: Risks and impacts for European markets
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.
https://parvaconsulting.com/wp-content/uploads/2023/11/Untitled-design-7.png7972048Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2024-03-18 14:39:022024-03-20 09:47:27Case Study – Digital transformation project for an international Loan & Leasing company
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.
https://parvaconsulting.com/wp-content/uploads/2024/02/contracts-arrangements-LR.png12452048Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2024-02-26 13:56:212024-02-26 14:56:34DORA and contractual arrangements
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.
https://parvaconsulting.com/wp-content/uploads/2018/09/Parva-consulting-raif-competitività-mercato-lussemburgo-900x450.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2024-02-19 13:55:172024-02-19 16:44:19RAIF and Luxembourg market
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’).
https://parvaconsulting.com/wp-content/uploads/2024/02/Untitled-design-8.png16002400Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2024-02-09 17:50:532024-02-09 18:14:49Travel Rule Guidelines: EBA’s Blueprint to Combat the Abuse of Crypto-Assets Transfers for Money Laundering
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.
https://parvaconsulting.com/wp-content/uploads/2024/02/Untitled-design-7-1.png13642048Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2024-02-07 17:10:562024-02-07 17:10:56Financial Industry Transitions to T+1 Settlement Cycle. Is Europe ready?
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.
https://parvaconsulting.com/wp-content/uploads/2024/01/tokenization2.png6301024Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2024-01-30 17:33:142024-01-30 17:35:19Tokenization: Reshaping Financial Markets and creating new asset classes
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.
https://parvaconsulting.com/wp-content/uploads/2024/01/ESG-Finance2.png7821792Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2024-01-02 16:49:572024-01-02 16:49:57Is the EU Banking Sector Ready for Fit-for-55? Insights from the Recent EBA Climate Risk Reporting Template
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.
https://parvaconsulting.com/wp-content/uploads/2023/11/Untitled-design-6-1.png8502048Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2023-11-08 10:53:202023-11-08 14:19:27A new Macroprudential Approach for Investment Funds in Ireland – DP11
Comprehensive timeline Alternative Investment Fund Managers Directive (AIFMD). Legislative approval process & next steps: Regulatory Technical Standards (RTS & ITS)
https://parvaconsulting.com/wp-content/uploads/2023/10/Untitled-design-3.png13652048Julie Blanckaerthttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngJulie Blanckaert2023-10-17 08:11:432023-10-17 08:12:37Towards AIFMD II: public consultation and regulatory changes
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.
https://parvaconsulting.com/wp-content/uploads/2023/10/Digital-age-Accessibility.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-10-09 07:56:132023-10-11 20:43:12Navigating the Digital Age: The Role of Accessibility
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.
https://parvaconsulting.com/wp-content/uploads/2023/09/TA-platform-Migration-parva.jpg6261920Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-10-01 08:32:382023-11-13 13:50:32Case Study – Parva Consulting delivers seamless TA platform Migration to our client
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.
https://parvaconsulting.com/wp-content/uploads/2023/09/Electronic-payments-in-EU.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-09-22 11:27:302023-09-25 12:52:50Electronic payments in the EU
DORA intends to impose higher transparency standards on investment firms, forcing them to provide more detailed and regular disclosures to regulatory agencies and investors.
https://parvaconsulting.com/wp-content/uploads/2023/09/digital-operational-resilience-act-juaned-interview.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-09-06 14:46:102023-09-19 15:47:55DORA – Strengthening the backbone of modern financial systems
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.
https://parvaconsulting.com/wp-content/uploads/2023/08/Retail-Investment-Strategy-timeline.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-08-17 09:03:262023-08-17 09:14:54Retail Investment Strategy (RIS): the reform of the regulatory framework for retail customers
Comprehensive timeline Alternative Investment Fund Managers Directive (AIFMD). Legislative approval process & next steps: Regulatory Technical Standards (RTS & ITS)
https://parvaconsulting.com/wp-content/uploads/2023/07/parva-consulting-aifmd.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-07-24 15:11:542023-07-27 11:11:15Towards AIFMD II, the ongoing legislative process: where are we?
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
https://parvaconsulting.com/wp-content/uploads/2023/06/ESG-parva-corporate-governance-1.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-06-28 12:35:332023-08-03 18:29:58The role of governance in tackling environmental and social issues
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
https://parvaconsulting.com/wp-content/uploads/2023/06/Parva-evolution-advisory-platforms.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2023-06-21 13:58:352023-07-04 10:57:34The evolution of advisory platforms
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.
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?
https://parvaconsulting.com/wp-content/uploads/2022/01/Max-Renzulli-parva-consulting-partner.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2022-10-29 09:30:332022-10-31 14:39:41Spotlight on Asset Management with Max Renzulli, Partner Parva
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.
https://parvaconsulting.com/wp-content/uploads/2022/06/Italian-Transfer-Agency-service-parva.webp450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2022-06-28 06:36:532022-10-29 09:42:08Three challenges to be considered when migrating an Italian Transfer Agency service
As part of a renewal strategy of the operating model, the company decided to redefine the organizational structure of the Information Technology (IT) Department.
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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.
https://parvaconsulting.com/wp-content/uploads/2021/11/regulatory-changes-IORP-II-Directive.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2021-11-29 08:46:072021-11-30 11:05:57What regulatory changes can we expect from the IORP II Directive?
IFRS 17 aims to build on its predecessor, IFRS 4, to provide a more complete and granular way of accounting for insurance contracts.
https://parvaconsulting.com/wp-content/uploads/2021/10/IFRS-17-Road-Map.jpg5161000Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2021-10-13 13:17:252021-10-13 15:18:54Where is your company in their IFRS 17 Road Map?
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.
https://parvaconsulting.com/wp-content/uploads/2020/11/parva-fund-service-asset-management.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2020-11-12 11:41:162020-11-12 11:50:08The symbiotic relationship between fund service providers and asset management companies
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.
https://parvaconsulting.com/wp-content/uploads/2020/07/Parva-business-case-study.jpg8251030Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2020-07-27 06:55:412020-07-27 07:50:41How Parva helped recover a troubled project and manage a complex program across multiple client jurisdictions in the Insurance sector
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
https://parvaconsulting.com/wp-content/uploads/2020/07/Parva-consulting-case-study.jpg8251030Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2020-07-01 06:47:512020-07-27 09:08:09Implementing a modern, common and global business solution in an international Loan & Leasing company
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.
https://parvaconsulting.com/wp-content/uploads/2019/03/ETF-active-management-900x450.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2019-03-04 12:17:482020-11-23 10:34:35ETFs on the rise: How can asset managers regain the upper hand?
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
https://parvaconsulting.com/wp-content/uploads/2019/02/Parva-Dublino-irlanda-900x450.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2019-02-04 12:35:222020-08-05 15:21:22CBI Discussion Paper 8 – Outsourcing – CBI ups the ante on outsourcers in financial services sector
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.
https://parvaconsulting.com/wp-content/uploads/2019/01/Market-data-parva.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2019-01-03 16:55:232019-03-26 14:30:49Market Data: what they are and why it is important to know how to manage them
Everyone talks about it. The spread of the blockchain has grown exponentially, becoming one of the most disruptive technologies established in recent years
https://parvaconsulting.com/wp-content/uploads/2018/12/Blockchain-real-revolution900x450.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2018-12-06 08:35:432019-03-26 14:34:31Blockchain: a real revolution?
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.
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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 [...]
https://parvaconsulting.com/wp-content/uploads/2018/11/Cybersecuryty-Irish-case.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2018-11-06 16:37:322019-03-26 14:35:28Cybersecurity: the Irish case
The Blockchain for Finance Conference (BFC) will focus on the Finance sector and how Blockchain is progressing as an emerging technology for clients in this space.
https://parvaconsulting.com/wp-content/uploads/2018/10/Parva-consulting-blockchain-for-finance-900x450.jpg450900Parva Consultinghttps://parvaconsulting.com/wp-content/uploads/2018/04/Parva_logoBianco-266x150.pngParva Consulting2018-10-02 08:45:002018-11-08 08:42:31Blockchain for Finance – What’s the big deal?
Ten years after the financial collapse of 2008, the perception of finance has deeply changed within the society. What do you evaluate, when investing? How to promote positive change through asset selection
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