eflow Global, a distinguished RegTech firm, specialises in offering sophisticated compliance solutions to financial firms globally.
The company has consistently been at the forefront of technology-driven regulatory compliance, ensuring their clients stay ahead of the curve.
With global trading fines reaching a staggering $800m in the first half of 2024 alone, the financial industry faces increasing scrutiny and punitive measures from regulators worldwide. In response, eflow Global has launched the ‘Market Abuse Health Check’ to support firms aiming to enhance their compliance frameworks and avoid hefty penalties.
eflow Global delivers a suite of award-winning tools tailored for market abuse surveillance, transaction-cost analysis, and more, serving over 120 clients across five continents. Their solutions are crucial for both buy-side and sell-side firms that require robust, configurable technologies to navigate the complex regulatory environment effectively.
The ‘Market Abuse Health Check’ provides firms with tailored insights into managing and mitigating the risks of market abuse. This new service includes detailed assessments led by industry specialists to help firms understand and improve their surveillance and reporting practices.
Led by Jonathan Dixon, eflow’s Head of Surveillance, this programme draws on his extensive experience in market abuse surveillance. His involvement ensures that each assessment is not only comprehensive but also reflects the latest regulatory expectations and technological advancements.
Under the guidance of Ben Parker, CEO and founder of eflow Global, and the expertise of Jonathan Dixon, the company is committed to reshaping regulatory compliance strategies for financial services. Their combined expertise underpins the effectiveness of the ‘Market Abuse Health Check’.
Jonathan Dixon, head of surveillance at eflow Global, said, “The only thing more expensive than an effective compliance programme is not having an effective compliance programme. National competent authorities are proactively and regularly reviewing regulated firms’ Market Abuse Risk Assessments, in addition to taking a qualitative approach to their suspicious transaction and order report output. This means that it is more important than ever for firms to not only understand the risks inherent in how they operate, but to be able to demonstrate how they have dealt with that risk.”
Ben Parker, CEO of eflow Global, added, “As global regulatory enforcement action ramps up, it’s vital that firms have robust processes in place to mitigate market abuse within their organisations and avoid significant fines. Jonathan has transformed the regulatory compliance strategies of a wealth of businesses during his 15 years in specialist roles at the likes of Kraken, Accenture, and Barclays. His depth of technical knowledge and ‘hands on’ experience will ensure our ‘Market Abuse Health Check’ is a vital step towards compliance for all financial services firms.”
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