BME ComplianceNet is the suite of compliance tools for financial institutions offered by Bolsas y Mercados Financieros (BME). These tools help them to comply with their various regulatory obligations established by financial sector regulators.
BME ComplianceNet has been designed by BME Innova, BME’s subsidiary dedicated to innovation, and therefore draws on all the compliance know-how BME has accumulated as operator of all the securities markets and financial platforms in Spain.
BME Innova created the ComplianceNet Services in 2009 when growing international consensus on the need for more stringent control of financial markets and closer supervision to avoid market abuse started to be reflected in Spanish and European laws and regulations.
By offering a complete and extendible solution, BME Innova responded ahead of time to a need stemming from the development and growth of financial regulations. The subsequent evolution of the ComplianceNet Platform in terms of both its maturity and reliability, and in service reach, has positioned BME Innova as leader in the provision of compliance support services for the financial sector.
In line with the growth in oversight of financial market operations, the ComplianceNet Platform currently offers the following services:
Nonetheless, the ComplianceNet Platform is not just a suite of tools. The ComplianceNet Community has also been built around its services. The aim of this community is to share knowledge and experiences, and provide mutual support to achieve a compliance function that works. When all is said and done, ensuring Spanish securities markets are free of abuse and other types of illicit activity benefits everyone because it helps protect the good reputation the Spanish markets enjoy, investor confidence in them, and therefore, their standing and competitiveness alongside other securities markets.
The ComplianceNet Community holds regular events for customers and users: ComplianceNet Workshops, and others open to anyone who is interested: ComplianceNet Forums.
Both types of event benefit from the frequent and invaluable participation of CNMV specialists who provide an insight into the regulator’s criteria and points of view.
BME Innova is the subsidiary responsible for innovation of Bolsas y Mercados Españoles (BME)