ABOUT LGT

LGT Group, based in Vaduz, Liechtenstein, is the world’s largest family owned private banking and asset management group and has an international presence in over 20 locations. Its three business divisions focus on private banking, asset management and impact investing.

Challenge

Prevent market abuse in securities transactions

LGT was looking for software that fulfills the minimum requirements for preventing market abuse as laid down in Liechtenstein’s Market Abuse Act as well as further bank-specific requirements.

Goals

  • Compliance with legal requirements against market abuse in trading with financial instruments
  • Automatic detection of abusive practices
  • Reduction of reputation risks by monitoring employee transactions and proprietary trading
  • Reduction of reputation risks by monitoring personal
    account dealing and proprietary trading
  • Creation of transparency regarding the complexity of the securities master data
  • Audit-proof documentation and historization
Solution

MAID to monitor abusive practices

The MAID (Market Abuse Insider Dealing Detection) software solution is based on ACTICO Business Rules Software and was seamlessly integrated into LGT’s existing systems and business processes. In order to recognise a pattern in transactions and reduce irrelevant hits, the softwares checking procedure was adapted to individual business structures.

  • Minimization of the effort in daily operation
  • Electronic documentation of each individual clarification step
  • Simple and fast recording of monitoring and scenarios
  • Flexible mapping of regulations and internal guidelines
Impact

Efficient monitoring with MAID

With the software solution the bank creates scenarios and lists in order to automatically monitor transactions and proprietary trading. These can be expanded and enable a reduction in the workload.

MAID to detect abusive practices

The automatic and rapid monitoring helps to identify anomalies quickly, which minimizes risks.

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Contact

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