AFTAs 2020: Best Regulatory Initiative—Credit Suisse

Credit Suisse takes home the win for best regulatory initiative at the 2020 AFTAs for its MySupervision offering, a global supervisory control platform delivered to desktops, tablets and both Android and iOS handheld devices. The platform is designed to enable banks’ senior-level executives, such as COOs, to effectively supervise the front office by providing them with comprehensive analytics and key controls to manage the firm’s pre- and post-trade compliance needs. “The single solution improves efficiency and reduces costs associated with maintaining numerous platforms,” says Anurag Sehgal, head of the investment bank’s data analytics, artificial intelligence (AI) and digital incubator. “The platform is part of the strategic solution to assist with both pre-trade and post-trade controls across the investment bank.”

MySupervision is built to operate as a one-stop shop to manage control tasks that need to be carried out. The technology works across multiple systems, emails and reports, and enables alignment of booking models and desktop strategies for individual trader mandates. It includes push notifications to alert users of their tasks and profit and loss movements. It also allows for automatic onboarding of new users, including definitions of their roles and configuring the platform’s controls according to users’ responsibilities. MySupervision ensures that traders’ Legal Entity (LE) risk appetite mandates are aligned with trading activity, by creating LE mandates and producing T+1 exception reports.

Looking ahead, Credit Suisse is working on building out an API-based “centralized booking model controls solution” in order to capture all licenses and trading permissions for key legal entities. The solution can be integrated with trading and client onboarding systems to help determine what activity can be done pre-trade or at point of execution, with the view to helping manage post-trade exceptions. 

Additionally for 2021, Credit Suisse is also working on developing MySupervision’s workflow capabilities and improving the integration of more complex tasks into the platform.