Embedding a cloud based solution for MAD II / MAR

Embedding a cloud based solution for MAD II / MAR

Our client is an active financial markets player that desires to meet MAR to its highest quality standards.

The organization requested us to conduct the gap assessment and an RFI/RFP to select and implement the best calibrated surveillance algorithms and ‘user-friendly’ solution to support market abuse detection and reporting.

Our approach: enhance systems, controls and procedures in an unified manner

  • Used our RegTech MAD II / MAR solution for easy gap assessment and ensuring compliance monitoring
  • RFI/RFP evaluated 9 EU based vendors providing “SAAS / Cloud-Based” services
  • Implemented new department combining Treasury & Securities, Compliance and Securities Operations
  • Implemented an automated solution monitoring orders & trades for 22 regulatory suspicious trades scenarios
  • Defined a regression test set
  • Updated Policies & Procedures and initiated various training activities

When seeking an automated solution for monitoring suspicious trade behavior, definitely make ‘intuitiveness’ of the system most important to support this highly expertise driven job