Latest news with #MiFIDII
Business Wire
10-07-2025
- Business
- Business Wire
Behavox AI cuts compliance teams' investigation times by over 40%
LONDON & MONTREAL--(BUSINESS WIRE)--Behavox, the leading provider of AI-driven governance and compliance solutions, today announced the success of its Intelligent Archive product in unifying structured and unstructured data for regulatory archiving and supervision to drive cost efficiency within compliance operations. Behavox has reduced investigation times by over 40% and the total ownership cost of archiving platforms by as much as 52% by seamlessly integrating disparate data channels across transactions, text, and voice. Organizations have traditionally maintained separate archives for different data types, ballooning their cost footprint as the amount of data continues to grow. Behavox's Intelligent Archive addresses these challenges head-on by consolidating enterprise-wide communications, layering in contextual AI, and utilizing structured data types to accelerate time to derive insights, improve regulatory compliance and reduce costs. 'The future of compliance is intelligent, integrated, and insight-driven — and Behavox is already there,' said Dr. Michael McGrath, Director of DCGA Strategy at Behavox. 'With AI built natively into our platform and a cloud-based architecture supporting scalable analytics, we help our clients move from reactive investigations to proactive risk management and far beyond, all while reducing costs.' Demonstrable ROI and Regulatory Readiness The results aren't just theoretical — Behavox clients are already seeing measurable impact: Up to 40% reduction in average investigation cycle time, by reducing the data that needs to be reviewed and introducing the ability to analyze and visualize the relationships quickly Significant improvements in response turnaround and comprehension Lower cost of ownership and operation by retiring legacy point solutions and consolidating solutions Higher signal-to-noise ratio, enabled by contextual AI that reduces false positives Behavox builds its solutions to meet global compliance standards, including MiFID II, SEC 17a-4, FINRA, FCA SYSC, MAS, and many more. The Behavox ecosystem provides immutable audit trails, advanced supervision tooling, granular user permissions, and case-ready reports that support transparency and due diligence. About Behavox Behavox is the leading provider of AI-powered compliance and conduct surveillance solutions. The company's flagship product, the Behavox Intelligent Archive, enables regulated firms to capture, retain, and analyze communications and behavioral data across channels — empowering compliance, legal, and risk functions to reduce exposure, respond swiftly to regulators, and create a culture of integrity. Learn more at The Archive Trap webinar: For businesses who want to move beyond restrictive legacy archive contracts and regain control of their data, without costly or disruptive migrations, Behavox is hosting a webinar on 10 July 2025 at 10am EST/3pm BST, providing advice to firms on what a modern archive should offer and proven migration strategies to avoid high costs or disruption.
Yahoo
09-07-2025
- Business
- Yahoo
CSA Webinar – Moving Forward with Payment Optionality in the UK
Robin Hodgkins and Steve Stone, Esq. to speak at Panmure Liberum Webinar July 15th RIDGEWOOD, N.J., July 09, 2025--(BUSINESS WIRE)--Robin Hodgkins, President of Castine Consulting, LLC, will be a featured speaker at an upcoming Panmure Liberum webinar focused on the evolving UK landscape for Commission Sharing Arrangements (CSAs) and the UK's new research payment optionality. Joining Mr. Hodgkins will be Steve Stone Esq., a leading securities attorney and partner at Morgan Lewis. The session will be hosted by Alex Cardell, Managing Director and Head of Client Relations at Panmure Liberum, one of the UK's premier investment banks. The webinar will explore how UK asset managers are adapting to recent regulatory developments, particularly the Financial Conduct Authority's (FCA) updated policy statements—PS24/9 (2024), PS25/4 (2025), and related guidance on COBS 18.1. These updates reintroduce commission sharing as a viable method for funding investment research, offering a flexible alternative to the complex MiFID II framework introduced in 2018. "This webinar is designed to ensure asset managers are fully informed about the latest UK policies and understand the strategic benefits of CSAs and payment optionality," said Robin Hodgkins, President of Castine. "The FCA's recent guidance provides a much-needed path forward, enabling client commissions to be used for research payments while encouraging broader access to high-quality research." Panmure Liberum is hosting the event as part of its broader initiative to educate clients and the UK asset management community on the advantages of CSAs and the new regulatory flexibility. Open to Institutional Investors. To attend, please email: InvestorRelations@ About Castine Castine LLC is a global leader in commission management solutions, with over 30 years of experience supporting soft dollar, CSA, MiFID II, and now the UK's new payment optionality programs. Castine serves more than 500 asset managers and brokers worldwide through its flagship C3 Suite, with offices in the United Kingdom, Europe, Argentina, and the United States. Learn more at: View source version on Contacts Robin HodgkinsPresident, Castine LLCrh@
Business Wire
09-07-2025
- Business
- Business Wire
CSA Webinar – Moving Forward with Payment Optionality in the UK
RIDGEWOOD, N.J.--(BUSINESS WIRE)--Robin Hodgkins, President of Castine Consulting, LLC, will be a featured speaker at an upcoming Panmure Liberum webinar focused on the evolving UK landscape for Commission Sharing Arrangements (CSAs) and the UK's new research payment optionality. "This webinar is designed to ensure asset managers are fully informed about the latest UK policies and understand the strategic benefits of CSAs and payment optionality,' said Robin Hodgkins, President of Castine. Share Joining Mr. Hodgkins will be Steve Stone Esq., a leading securities attorney and partner at Morgan Lewis. The session will be hosted by Alex Cardell, Managing Director and Head of Client Relations at Panmure Liberum, one of the UK's premier investment banks. The webinar will explore how UK asset managers are adapting to recent regulatory developments, particularly the Financial Conduct Authority's (FCA) updated policy statements—PS24/9 (2024), PS25/4 (2025), and related guidance on COBS 18.1. These updates reintroduce commission sharing as a viable method for funding investment research, offering a flexible alternative to the complex MiFID II framework introduced in 2018. 'This webinar is designed to ensure asset managers are fully informed about the latest UK policies and understand the strategic benefits of CSAs and payment optionality,' said Robin Hodgkins, President of Castine. 'The FCA's recent guidance provides a much-needed path forward, enabling client commissions to be used for research payments while encouraging broader access to high-quality research.' Panmure Liberum is hosting the event as part of its broader initiative to educate clients and the UK asset management community on the advantages of CSAs and the new regulatory flexibility. Open to Institutional Investors. To attend, please email: InvestorRelations@ About Castine Castine LLC is a global leader in commission management solutions, with over 30 years of experience supporting soft dollar, CSA, MiFID II, and now the UK's new payment optionality programs. Castine serves more than 500 asset managers and brokers worldwide through its flagship C3 Suite, with offices in the United Kingdom, Europe, Argentina, and the United States.
Business Wire
24-06-2025
- Business
- Business Wire
Piraeus Financial Holdings Successfully Priced a €400mn Additional Tier 1 Instrument
ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings S.A. ('Piraeus' or the 'Group') (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF) announces that it has successfully completed the pricing of €400 million Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Notes (the 'Notes'). The AT1 Notes carry a coupon at 6.750%, which is paid semi-annually, on 30 June and 30 December in each year. They are perpetual and callable on 30 December 2030 or in any interest payment date thereafter, subject to the terms and conditions of the Notes. Settlement will take place on 30 June 2025 and the Notes will be listed on the Luxembourg Exchange's Euro MTF market. The Notes have been assigned a 'B1' rating from Moody's Ratings. The AT1 offering contributes towards the implementation of the Group's strategic plan, optimizes the capital stack throughout the planning horizon, and further strengthens the Group's total capital adequacy ratio to 20.6% (proforma Mar.25). The transaction attracted significant interest from circa 230 institutional investors, with c.70% placed among asset managers, c.21% to banks and private banks, and c.9% to hedge funds and other investors. Approximately 90% was allocated to international institutional investors, with demand mainly from the UK & Ireland (37%), France (21%) and the DACH 1 region (12%). The total order book of the transaction exceeded €3 billion, being more than 7.5x oversubscribed compared to the issuance target of €400 million. The success of the transaction is a clear testament of investor confidence in Piraeus. This is reflected in the final yield, at 6.75%, which is 50bps below the initial guidance of 7.25%. Barclays, BofA Securities, Deutsche Bank, Goldman Sachs Bank Europe SE, Nomura, and UBS Investment Bank (B&D) acted as joint bookrunners of the issue. Ambrosia Capital and Piraeus Bank S.A. acted as co-managers of the issue. A&O Shearman and Bernitsas Law Firm acted as legal advisors to Piraeus. Compliance information for the bonds: MiFID II and UK MiFIR – professionals / ECPs-only / No EEA or UK PRIIPs KID – MiFID II and UK MiFIR manufacturer target market is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been or will be prepared as no sales to EEA or UK retail investors. No action has been or will be taken in any jurisdiction in relation to the bonds to permit a public offering of securities. FCA CoCo rules apply. The bonds are not being, and will not be, offered or sold in the United States. Nothing in this announcement constitutes an offer to sell or the solicitation of an offer to buy the bonds in the United States or any other jurisdiction. The bonds may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the Securities Act. The bonds have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons.
Yahoo
24-06-2025
- Business
- Yahoo
Piraeus Financial Holdings Successfully Priced a €400mn Additional Tier 1 Instrument
ATHENS, Greece, June 24, 2025--(BUSINESS WIRE)--Piraeus Financial Holdings S.A. ("Piraeus" or the "Group") (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF) announces that it has successfully completed the pricing of €400 million Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Notes (the "Notes"). The AT1 Notes carry a coupon at 6.750%, which is paid semi-annually, on 30 June and 30 December in each year. They are perpetual and callable on 30 December 2030 or in any interest payment date thereafter, subject to the terms and conditions of the Notes. Settlement will take place on 30 June 2025 and the Notes will be listed on the Luxembourg Exchange's Euro MTF market. The Notes have been assigned a "B1" rating from Moody's Ratings. The AT1 offering contributes towards the implementation of the Group's strategic plan, optimizes the capital stack throughout the planning horizon, and further strengthens the Group's total capital adequacy ratio to 20.6% (proforma Mar.25). The transaction attracted significant interest from circa 230 institutional investors, with c.70% placed among asset managers, c.21% to banks and private banks, and c.9% to hedge funds and other investors. Approximately 90% was allocated to international institutional investors, with demand mainly from the UK & Ireland (37%), France (21%) and the DACH1 region (12%). The total order book of the transaction exceeded €3 billion, being more than 7.5x oversubscribed compared to the issuance target of €400 million. The success of the transaction is a clear testament of investor confidence in Piraeus. This is reflected in the final yield, at 6.75%, which is 50bps below the initial guidance of 7.25%. Barclays, BofA Securities, Deutsche Bank, Goldman Sachs Bank Europe SE, Nomura, and UBS Investment Bank (B&D) acted as joint bookrunners of the issue. Ambrosia Capital and Piraeus Bank S.A. acted as co-managers of the issue. A&O Shearman and Bernitsas Law Firm acted as legal advisors to Piraeus. Compliance information for the bonds: MiFID II and UK MiFIR – professionals / ECPs-only / No EEA or UK PRIIPs KID – MiFID II and UK MiFIR manufacturer target market is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been or will be prepared as no sales to EEA or UK retail investors. No action has been or will be taken in any jurisdiction in relation to the bonds to permit a public offering of securities. FCA CoCo rules apply. The bonds are not being, and will not be, offered or sold in the United States. Nothing in this announcement constitutes an offer to sell or the solicitation of an offer to buy the bonds in the United States or any other jurisdiction. The bonds may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the Securities Act. The bonds have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons. ______________________________ 1 DACH region refers to Germany, Austria and Switzerland View source version on Contacts PressOffice@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
