Regtech addresses the complexities of regulatory requirements, offering innovative tools to modernise compliance functions, streamline processes and enhance efficiency. This article explores its role in compliance and reporting within the banking sector, particularly under the stringent requirements of Basel IV, the European Union Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD)

Understanding regtech

Regtech refers to the use of technology to manage regulatory processes within the financial industry. The term regtech encompasses a wide range of applications, from automated regulatory reporting to advanced data analytics and real-time monitoring. The primary goal of regtech is to improve efficiency, reduce costs and enhance the accuracy of compliance activities. With the introduction of Basel IV, which has introduced new ways to calculate risk-weighted assets (RWAs), regtech has become indispensable in ensuring compliance and optimising risk management practices.

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https://www.risk.net/insight/technology-and-data/7959722/modernising-compliance-functions-with-regtech