CBA and ING complete the Regtech pilot flight

The Commonwealth Bank of Australia (CBA) and ING have completed a Regtech pilot project to simplify information processing and regulatory enforcement using Markets in Financial Instruments Directive II (MiFID II) as a test case.

The UK Financial Conduct Authority (FCA) was a “key member” of this experiment and participated as an observer of the project.

According to the CBA, the FCA understands the benefits of working together in areas where an industry solution is beneficial …

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