Millennium Affine

Regulatory Technology Advice | Deployment | Development | Optimisation


Our strategic, operational and RegTech expertise, simplify and help you address regulatory compliance, whilst increasing your competitive advantage.

Following the 2007 Global Financial Crises, national governments introduced bank regulation to ensure the events would not be repeated. Regulations were introduced subjecting banks and financial institutions to requirements, restrictions and guidelines, designed to create market transparency between financial services and the individuals and companies with whom they conduct business.

In light of banking industry inter-connectivity and national (and global) economic reliance on banks, it was believed essential for regulatory agencies to maintain control over standard practices operated by institutions. Banking regulators took the view that large banks were "too big to fail" as their failure would have serious repercussions over the wider economy.

The result of this is that regulatory reporting has become a prime focus for financial institutions. Regulatory requirements have increased and organisations must anticipate and document current and future risk exposures. The information required is much more detailed and complex than before and a comprehensive view of each institution’s position is required in real-time.

Millennium Affine’s regulatory and compliance services provide a comprehensive range of expertise covering regulatory reporting for the Banking, Insurance, Telecoms and Healthcare sectors. We help businesses anticipate and adapt to ever changing regulatory requirements on both a national and global basis, focussing on areas such MiFID III, Basel II, Solvency II, Dodd Frank, Sarbanes Oxley and IFRS.

Millennium Affine’s experienced team provides specialist regulatory and compliance consulting services to ensure you comply with the evolving legislative environment.


The Markets in Financial Instruments Directive (referred to as "MiFID") is European Union legislation that provides harmonised regulation for...

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Basel III

Basel III is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision designed to strengthen...

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Solvency II

Regulatory frameworks for capital adequacy for insurance firms were first introduced in the early 1970’s, the latest of which being the...

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Dodd Frank

The financial crisis of 2007–2010 led to widespread calls for changes in the regulatory system. The Dodd–Frank Wall Street Reform and...

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Sarbanes Oxley

The Sarbanes-Oxley Act of 2002 (SOX) is an act passed by U.S. Congress in 2002 to protect investors from the possibility of...

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IFRS15 was developed to address differences in the definition of revenue between the International Accounting Standards Board and the...

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IFRS 9 was created by the International Accounting Standards Board and deals with financial instrument accounting and replaces...

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The International Accounting Standards Board (IASB) issued IFRS 16 Leases in January 2016 which sets out the principles for...

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The new standard for insurance contract accounting, IFRS17 will become active from January 2021. The new standard will be complex...

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GDPR is the new European Union legal franwork regulating how companies and organisations protect the personal data of EU citizens.

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