Regulation

Competitive advantage in compliance?

The financial sector is under a magnifying glass, legislation has been tightened and supervision intensified. Does the implementation of new rules in the financial sector not give you a competitive advantage? But do they largely determine the cost of processing and reporting? Mylette is convinced that the method of implementation, up to the strategic level, is essential. We are familiar with the current legislation and regulations in the financial sector and offer a grip on compliance.

Would you like to know more about our possibilities? Then get in contact with us.

Latest developments

DORA - Digital Operational Resilience Act

The Digital Operational Resilience Act (DORA) is a regulation of the European Union (EU) that sets detailed requirements for the operational resilience of the Information and Communication Technology (ICT) infrastructure of financial entities, including banks, pension funds and asset managers. It entered into force on January 16, 2023, and is effective from January 17, 2025. The objective of this regulation is to strengthen the digital operational resilience of the financial sector against cyber-attacks and disruptions.

Regulation cases

Bank Data Retrieval Portal

Solutions, Expert Services

For a number of banks in the Netherlands, in cooperation with the Ministry of Justice and Security, Mylette is building and implementing a solution for connection to the Bank Data Referral Portal.

SEPA Transition

Business Analysis, Expert Services

For an IT service provider for the financial industry, Mylette provided advice on SEPA driven software adjustments and business processes. These adjustments have been incorporated in the products of the IT service provider to banks and brokers.

Dashboard Operational Risk

Solutions, Business Analysis

For a large pension fund company, Mylette Solutions provided an operational risk dashboard. With this dashboard, the management's grip on daily business and transitions in the field of compliance and regulations has greatly improved.

ILAAP Implementation

Project Management, Architecture, Solutions Selection

For a large Dutch Bank, Mylette led the implementation of ILAAP in cash management and payments for the bank. Within the project, Mylette also represented enterprise architecture and played a leading role in the solution selection process.

AIFMD Compliance

Project Management, Expert Services, Architecture

A Dutch asset manager sought support in the development and implementation of AIFMD reports. The assignment resulted in a permanent advisory function on compliance in which EMIR reports and activities are also included.

EMIR Compliance

Project Management, Business Analysis

Mylette was in charge of a Dutch bank's project, which provided the transition to central clearing and EMIR reporting. Mylette guided the design and implementation methods based on best practices.