TSS Archives

TSS 27: CDM for trade surveillance – minutes

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Minutes from Trade Surveillance SIG meeting 27 Business case for common domain modelling for trade surveillance Potential use case scoping and outcomes Path forwards and next steps

TSS 28: DSR use cases, outcomes and business case

June 11, 2024 2:00 pm

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At TSS 27 financial institutions agreed that there was an opportunity to scale trade surveillance controls by creating new ‘Digital Surveillance Rules’ (DSR). This meeting is to discuss the use cases, outcomes and key success factors to build on existing surveillance guidance to conduct a CDM-based PoC. Research has shown that standardized business events and data dictionaries can streamline the…

TSS 27: Canadian Trade surveillance CDM next steps

March 15, 2024 1:30 pm

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At JWG's annual conference, panellists agreed that the financial services sector has an opportunity to leverage its newly deployed common domain model to scale trade surveillance controls, making the system safer, less noisy more efficient by billions of dollars across the markets. Research has shown that standardized business events and data dictionaries can streamline the process for spotting suspicious trading activity…

JWG RegTech Beacon 28

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RegTech Beacon – Guiding your way through global regulatory storms. We are delighted to publish the 28th issue of JWG's RegTech Beacon which now serves as our yearbook that recaps 2021 accomplishments and provides an outlook of what lies ahead. Our focus this year is defining the next steps required for a truly digital financial infrastructure. …

Disrupting compliance

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TSS 26: Mitigating AI & 3rd party risks for trade surveillance

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Presentation from SIG meeting on 27 September to review updates to JWG's AI control framework, review third party risk management (TPRM) regulatory requirements and scope the impact on 2 reference surveillance use cases.

TSS 26: Mitigating AI & 3rd party risks for trade surveillance

September 28, 2021 4:00 pm

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Following a great discussion about the major surveillance AI control gaps highlighted by JWG’s July research the FATF and BIS have both published complementary AI policy papers. With penalties of up to 6% of annual revenue 500 working days away, we have decided to build RegTech AI surveillance use cases to: Tease out the…

TSS 25: A global regulatory AI control framework

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Presentation from SIG meeting on 27 July to review updates to the trade surveillance regulatory agenda, review global artificial intelligence gaps and agree next steps.

TSS 25: Global capital markets AI control framework gaps

July 27, 2021 4:00 pm

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Following our discussion of several global accountability regimes and forthcoming culture audits we are turning our attention back to AI. This is a very noisy space with Germany, UK, Japan and the US all mandating new controls in advance of MiFID III update which could raise the algo trading bar even higher. In this…

TSS 24: Digital Accountability in democratized finance

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Presentation from SIG meeting on 18 May to review updates to the trade surveillance regulatory agenda, review global accountability regimes and agree priorities for RegTech and SupTech tooling.

TSS 23: GameStop, Conduct Risk, Culture and KPIs – presentation

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Research and facilitation materials for TSS 23. The group met to discuss the impact beyond the broadsheet news of GameStop hearings on wholesale and retail surveillance agendas and the impact on how firms manage conduct and culture risk?

TSS 23: GameStop, Conduct Risk, Culture and KPIs

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16 March 2021 TSS 23: GameStop, Conduct Risk, Culture and KPIs Meeting objectives The group met to discuss the impact beyond the broadsheet news of GameStop hearings on wholesale and retail surveillance agendas and the impact on how firms manage conduct and culture risk? TSS Members can access to the 21-page presentation in the members’…

TSS 24: Digital accountability in a democratized finance sector

May 18, 2021 4:00 pm

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The UK has taken a leading role in pushing for senior management accountability with a focus on SM&CR, Conduct and Culture. EU (MIC, SEAR) and APAC regulators (BEAR/FAR, IAC) have followed suit to varying degrees. In an increasingly digital sector with divergent rule sets, the ability to manage the compliance deltas is fast becoming a…

TSS 23: GameStop, Conduct Risk, Culture and KPIs

March 16, 2021 4:00 pm

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As we summarized in our latest Beacon, JWG’s surveillance community has covered quite a patchwork of regulatory obligations over the past 2. In all that time, nothing has pulled all into focus like GameStop. JWG has been digging beyond the broadsheet news to examine what roars from Reddit chat groups will mean to wholesale and…

TSS 22: SM&CR Surveillance objectives and roadmap Minutes

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TSS 22: SM&CR Surveillance objective and roadmap Document

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MAR review and communications surveillance – Presentation

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TSS 22: SM&CR use case objectives and roadmap

November 17, 2020 4:00 pm

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JWG’s review of the 276 page MAR review report raised a number of key issues for surveillance professionals which further the need for SM&CR guidance. Come join your colleagues in a short discussion of the objectives, approach and focus of for SM&CR surveillance guidance to help.

TSS 20: SM&CR Surveillance: BCBS Op Risk / EBA/ESMA suitability guidelines (MINUTES)

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Restricted content

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Minutes from the TSS Sig TSS 21: MAR review, MiFIR CP and communications surveillance

TSS 21: MAR review, MiFIR CP and communications surveillance

November 3, 2020 4:00 pm

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New consultations were released last week which could have a major impact on communications surveillance. Time to book your seat at the next Chatham house rule JWG RegTech Trade Surveillance Special Interest Group (TSS). The 276 page MAR review report revisits key issues for surveillance professionals including: the definition of inside information, insider dealing controls/ disclosure, market soundings, insider lists and the establishment of an…

TSS 14: AML and trade surveillance – Gaps, Issues and Opportunities for RegTech

September 12, 2019 4:00 pm

England, EC2N 2DL, United Kingdom

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Round the table: Firms: Barclays, BlackRock, BMO, BNP, Commerzbank, Credit Suisse, ED&F Man, GAM, Janus Henderson, Jeffries, JP Morgan, Macquarie, Man, Nomura, RBC, Santander, Scotia, Soc Gen, TD, UBS, Wells Fargo Vendors: Altergaia, Digital Reasoning, Grant Thornton, Lysis, NICE Actimize, pTools, Relativity Trace Regulators: FCA 30+ people will: Review recent conclusions from FCA review and Global AML TechSprint Discuss operating…

TSS 15: Overcoming barriers to integrated surveillance – Trade, voice, eComms, conduct and AML

November 5, 2019 4:00 pm

5, Churchill Place, England, E14 5HP, United Kingdom

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Round the table: Firms: Aviva, BAML, Barclays, Blackrock, BNP, Commerzbank, CS, ED&F Man, Fidelity, GAM, Janus Henderson, Jefferies, Macquarie, Morgan Stanley, RBC, Santander, Scotia Bank, Soc Gen, State Street, TD and UBS Vendors: Altergaia, Digital Reasoning, NICE Actimize, pTools, Relativity Trace 30+ people will: Discuss the results of JWG’s Surveillance Capability model research findings Discuss the group’s view of barriers…

TSS 16: Data ethics, voice & eComms surveillance

December 10, 2019 4:00 pm

20, Churchill Place, England, E14 5HJ, United Kingdom

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Round the table: Firms: Avivia, BAML, Blackrock, Credit Suisse, Fidelity, GAM, Janus Henderson, Jeffries, Northern Trust, Renaissance Capital, Santander, Scotia Bank, Soc Gen, State Street, TD securities, UBS, Wells Fargo and Westpac Vendors: Digital Reasoning, NICE Actimize, pTools, Relativity Trace 25+ people will: Discuss the results of JWG’s Surveillance Capability model research findings related to voice Review new papers…

TSS 17: SM&CR and Surveillance

March 12, 2020 4:00 pm

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With enough regulatory change to last another decade already, JWG remains committed to collaborating throughout the pandemic. We look forward to a robust on-line discussion with colleagues from Avivia, Blackrock, GAM, Itau Unibanco, Janus Henderson, Northern Trust, RBC, Renaissance Capital, Macquarie, Santander, Scotia Bank, Soc Gen, State Street, TD and Westpac. Please see the…

TSS 18: SM&CR Guidance for Wholesale Surveillance - Markets, AI and Culture

April 23, 2020 4:00 pm

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We have a great group of 40+ registrants including: Avivia, BAML, Blackrock, BNP, CS, GAM, Janus Henderson, Northern Trust, RBC, Renaissance Capital, Scotia Bank, Soc Gen, State Street, TD, UBS and Westpac.

TSS19: Post COVID SM&CR surveillance audit readiness

May 28, 2020 4:00 pm

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The FCA issued Market Watch 63 with a grave warning of post-COVID surveillance thematic or retrospective review. This confirms the expectations of many last month (minutes attached) and we are delighted to add it to our meeting's agenda as we discuss the worked SM&CR Surveillance guidance example to define how the deliverables can help firms…

TSS 20: SM&CR Guidance and MAR II/MiFID III

August 6, 2020 4:00 pm

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We are making good progress in our 1:1 discussion of policies, controls and the availability of resources and look forward to presenting the conclusions in the context of MAR II / MiFID III. The group met to discuss current regulatory demands on global surveillance functions. It reviewed new BCBS Operational Risk principles and EBA/ESMA suitability…

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