Risk Focus Hires Leader to Launch Consolidated Audit Trail (CAT) Services

For Immediate Release
Tara Ronel
August 14, 2019
tara.ronel@riskfocus.com

[New York, NY, August 14, 2019] – Risk Focus, a leading technology consultancy for financial services, is pleased to announce that Alex Rabaev has joined the company from Goldman Sachs to lead its CAT Regulatory Reporting Services Practice.

Risk Focus delivers Regulatory Reporting Advisory Services, Health Checks, and Large-Scale Implementations to help investment firms comply with regulations and respond to audits. Risk Focus has a long track record in Regulatory Reporting, including the development and spinoff of RegTek.Solutions (recently acquired by Bloomberg), the development of the MIFIDII APA for the Deutsche Börse, and numerous implementations at Tier 1 and Tier 2 investment banks, exchanges and industry utilities.

Rabaev will oversee CAT engagements, which span the following: Health Check, Requirements Analysis, OATS to CAT gap analysis, Rule Interpretation, Creation of Firm Designated ID (FDID), Product and Event Eligibility, Data Mapping and Traceability, Report Generation, Acceptance Criteria, Testing, Controls and Error Correction, and Transition to BAU.

“The deadline for CAT is looming and many of the market participants are remarkably unprepared. CAT does not represent an incremental change, but rather a transformational one for everyone. Additionally, CAT adds a reporting requirement for companies who have never had to report before.

I am excited to join Risk Focus, because we are able to do both the advisory and implementation work that is required to meet the regulatory deadlines. The timing is also perfect, because the industry is starting to embrace the pubic cloud, and we believe this will be the fastest and most economical (and sometimes the only) way to become compliant in time.”

Alex Rabaev

Head of CAT Reporting Practice, Risk Focus

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About Risk Focus

Risk Focus is a leading financial technology consulting firm with offices in New York, Pittsburgh, Toronto, London, Riga, and Frankfurt. We combine business domain knowledge, technology expertise, and process to ensure the success of the hardest projects in the industry. Our clients include the majority of the top-tier investment banks along with a wide range of buy-side institutions, hedge funds, execution venues and industry utilities.To learn more about Risk Focus, please visit www.riskfocus.com.

Bloomberg Acquires RegTek.Solutions, A Risk Focus Spin-Off

Bloomberg Acquires RegTek.Solutions, A Risk Focus Spin-Off

For Immediate Release
Tara Ronel
August 14, 2019
tara.ronel@riskfocus.com

[New York, NY, August 14, 2019] – Risk Focus, a leading financial technology consultancy, is proud to announce that Bloomberg has acquired RegTek.Solutions, a disruptive provider of global regulatory reporting software solutions that was spun out of Risk Focus in 2017.

“Risk Focus is proud to have helped RegTek.Solutions from its inception through its acquisition to join forces with one of the most respected companies in the FinTech and RegTech space. Bloomberg will be able to provide the acceleration that RegTek needs to achieve a dominant share in the regulatory space. We look forward to continuing our relationship with RegTek and Bloomberg post-acquisition to help our clients address their Regulatory Reporting requirements.”

Vassil Avramov

Founder and CEO, Risk Focus

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About Risk Focus

Risk Focus is a leading financial technology consulting firm with offices in New York, Pittsburgh, Toronto, London, Riga, and Frankfurt. We combine business domain knowledge, technology expertise, and process to ensure the success of the hardest projects in the industry. Our clients include the majority of the top-tier investment banks along with a wide range of buy-side institutions, hedge funds, execution venues and industry utilities.To learn more about Risk Focus, please visit www.riskfocus.com.