ACC5044- Week 5

What is RegTech a sub-set of?

• Financial Supervision

• Financial Conduct Authority

• FinTech

• SupTech

What year did the Financial Conduct Authority (FCA) provide the definition for RegTech?

• 2007

• 2015

• 2018

• 2020

What is the main purpose of SupTech according to the Bank for International Settlements (BIS) 2018 definition?

• To provide financial services

• To digitise reporting and regulatory processes

• To facilitate the delivery of regulatory requirements

• To monitor the effectiveness of financial supervision

Which of the following is a use of Regulatory Technology (RegTech)?

• Realtime monitoring of stock prices

• Automated realtime monitoring of compliance levels and compliance risk

• Tracking the effectiveness of marketing campaigns

• Managing employee performance

What does the term "AML" stand for in the context of KYC Compliance through RegTech?

• Asset Management Liability

• Anti-Money Laundering

• Annual Maintenance Listing

• Automated Machine Learning

What is the use of Regulatory Technology (RegTech) in the context of Regulatory Reporting?

• To automate and integrate regulatory reporting requirements to reduce risks

• To automate and integrate regulatory reporting requirements to cut costs

• To manually track and report regulatory requirements to increase efficiency

• To outsource regulatory reporting requirements to third-party services

Which of the following is a focus of Transaction Monitoring in RegTech?

• Real-time transaction monitoring and auditing

• Manual transaction logging and reporting

• Periodic transaction validation and risk assessment

• Outsourcing transaction monitoring to external agencies

What is a challenge associated with the lack of a common position amongst regulators in RegTech?

• It simplifies compliance and reporting requirements

• It leads to clarity and efficiency in regulatory processes

• It can lead to uncertainty and inefficiency

• It ensures the development of universal standards

What is a benefit of implementing Regulatory Technology (RegTech) solutions?

• Decreased revenue due to increased competition

• Increased revenue through decreased customer satisfaction

• Increased revenue through faster onboarding and KYC/AML completion

• Decreased operational costs due to reduced automation

What does Trading in Financial Markets automation involve in RegTech?

• Only assessing exposures and complying with conduct-of-business principles

• Only choosing counterparties and trading venues

• Only calculating margins and choosing counterparties

• Calculating margins, choosing counterparties and trading venues, assessing exposures, and complying with conduct-of-business principles