RegTech Search

We are pleased to release our 6th RegCast today. Rachel Wolcott takes the chair to talk to Dawd Haque, Deutsche Bank, PJ Di Giammarino, JWG and Leo Labeis, Regnosys about…

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…article was originally published by Thomson Reuters Accelus Regulatory Intelligence on 13 June 2022 Join Rachel Wolcott and 20+ other RegTech experts at JWG’s 23 June virtual seminar Register Here…

…compliance. This article was published by Thomson Reuters Accelus Regulatory Intelligence on 16 June Join Rachel Wolcott and 20+ other RegTech experts at JWG’s 23 June virtual seminar Register Here…

…here in 2015,” said PJ Di Giammarino, chief executive at JWG IT a regulatory think tank in the UK. This article was originally published 04-Aug-2023 by Rachel Wolcott, Regulatory Intelligence…

Author: Rachel Wolcott, Thomson Reuters Firms’ ad hoc and often manual approach to market abuse surveillance may perform less well in the distributed working environment necessitated by the pandemic. Surveillance…

Author: Rachel Wolcott, Thomson Reuters The European Market Infrastructure Regulation (EMIR) derivatives trade reports and Markets in Financial Instruments Directive II transaction reports regulators collect is unlikely to be yielding…

…article was originally produced by Thomson Reuters on 28 April 2022 You can join Rachel Wolcott along with other industry professionals in a Chatham house rule discussion of these issues…

We are pleased to release our 7th RegCast today. Cries for faster, better, and cheaper access to financial services by millions of investors have shaken the markets this year. With…

…to UK financial services. The fourth big story covers research published by Rachel Wolcott, a UK based risk management and financial regulation correspondent, writing for Compliance Complete, who has been…

…in 2015 will place a whole new set of pressures on businesses to ‘know their clients’. Rachel Wolcott, writing for Accelus’ Compliance Complete, has highlighted the issues posed by these…

…Seminar on AML, Sanctions and Surveillance, JWG brought Rachel Wolcott, Thomson Reuters and Alan Blanchard, Apiax, together to discuss Economic Crime and RegTech plans for digital assets and TradFi. Register…

JWG analysis. According to an article by Rachel Wolcott of Thomson Reuters, the FCA have now elucidated that they will operate a zero-tolerance policy with firms not giving their all…

…how JWG can help with your MiFID II implementation, KYC agenda or our regulatory implementation training courses. ————————————————————- [i] Rachel Wolcott, “Securities financing transaction reporting regime to start in Europe…

…and common standards. Picking up with Sam Tyfield, Rachel Wolcott and Gavin Stuart where we left off in RegCast 1, this episode turns our spotlight on what it takes to…

…the new on-line herds of citizens that can influence market pricing (e.g., GameStop). Picking up with Sam Tyfield, Rachel Wolcott and Gavin Stuart where we left off in RegCast 2,…

…Refit now and will continue through Basel IV. You can find more analysis on the importance of the PRA’s statement in Rachel Wolcott’s analysis here. Next steps At this next…

…look at the amount of Q&As and the amount of releases we’ve issued, I don’t think they can complain about our lack of guidance“ Rachel Wolcott, writing for Accelus’ Compliance…

Firms should re-engineer their anti-money laundering (AML) systems and controls to refocus on know-your-customer (KYC) processes to prevent the inevitable pile-up of transaction monitoring alerts. Firms’ pivot to digital onboarding…

The Bank of England and the Financial Conduct Authority (FCA)-convened Artificial Intelligence Public-Private Forum (AIPPF) this month discussed potential accountability and governance frameworks that could form future guidance for the…

The global regulatory community has put its support behind digital regulatory reporting (DRR) initiatives acknowledging supervisors require the ability to collect better quality data more efficiently. The Bank of International…

The International Organization of Securities Commissions (IOSCO) has published a report on market outages, including good practices for managing them. An IOSCO survey found 42 market outages on listed trading…

HM Treasury and the Financial Conduct Authority (FCA) have used FinTech Week to set out their regulatory support plans to make Britain more attractive to the financial technology sector. Rishi…

Regulators treating financial services cloud technology as a single-bank outsourcing problem are failing to address the systemic risks it and other new technologies pose, such as a multi-firm catastrophic data…

Behavioural monitoring and conduct analytics technology promise to make it easier for firms to detect employee misconduct as well as predict where it might occur next. However, reliance on data-…

The UK’s Digital Securities Sandbox (DSS), which will test a new approach to rulemaking for digital securities trading and settlement infrastructure, should launch at the end of the first quarter…

The number of cyber incidents at UK banks, asset managers, wholesale brokers and exchanges rose from 21 in 2019 to 55 in 2020, a 161.9% increase, according to the Financial…

The UK’s Financial Conduct Authority (FCA) Markets in Financial Instruments Directive II “quick fix” consultation signposts issues for further consultation as the onshored regime evolves post-Brexit. At the same time,…

The European Securities and Markets Authority (ESMA) set out its five-year data strategy aimed at reducing financial services firms’ compliance burden and establishing itself as an enhanced data hub. “We…

The UK Treasury’s consultation on further crypto asset regulation signals a heavy compliance burden for crypto businesses and some vertically integrated firms may be required to restructure to gain authorisation….

The Financial Conduct Authority (FCA) opened “around 600” supervisory cases looking at financial crime between April 2022 and March 2023. That represents a threefold increase in its overall proactive work…

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UK banks’ annual reports show an emerging understanding of operational resilience that emphasises business continuity planning and conflates pandemic performance with high operational resilience. Banks have asked regulators for more…

The European Commission has pushed ahead with digital regulatory reporting — which it views as a central workstream in its overall agenda to make financial services fit for the digital…

Many UK firms are far from fully compliant with the Market Abuse Regulation ( MAR) applied in July 2016, requiring the Financial Conduct Authority (FCA) to continue its supervisory visits…

The European Securities and Markets Authority (ESMA) will look at potential risks in neo-brokers’ business models after MEPs raised concerns about payment for order flow (PFOF), short selling and market…

The UK Prudential Regulation Authority (PRA) has warned firms about deficiencies in their regulatory reporting governance arrangements, systems and controls as well as the of key rules interpretations. The PRA’s…

UK financial services regulators have asked bank chief executives to sign up to and largely pay for work to improve regulatory data collection. The Prudential Regulation Authority (PRA) and the…

The Financial Conduct Authority (FCA) is developing a single-view-of-firm dashboard and other early warning systems to identify and potentially shut down problem firms more quickly, said Nikhil Rathi, chief executive….

A decision that U.S.-based Clearview AI breached the privacy of Australians by scraping their biometric information from the internet and disclosing it through a facial recognition tool highlights risks for…

UK crypto-asset regulation should require firms to be authorised locally and establish a physical presence to help asset recovery efforts when customer funds are lost to fraud or theft, lawyers…

The Financial Conduct Authority (FCA) will consult on a review of the UK European Markets Infrastructure Regulation (UK EMIR) reporting standards in the second half of this year, a spokeswoman…

A top-tier European bank has successfully implemented digital regulatory reporting (DRR) technology to comply with the U.S. Commodity Futures Trading Commission’s (CFTC) amended swap data reporting rules, a key milestone…

The UK’s finance ministry yesterday announced its plans to regulate certain stablecoins within existing payments regulation and begin to formulate its regulatory framework for crypto assets. HM Treasury has commissioned…

The European Securities and Markets Authority’s (ESMA) extensive proposed guidance to the Market Abuse Regulation (MAR) could force the UK Financial Conduct Authority (FCA) to make some early decisions to…

The UK Prudential Regulation Authority (PRA) ordered globally systemically important banks (G-SIB) to commission skilled persons reviews of their governance and individual accountability regimes, as well as control and risk…

U.S. regulators have started to fine tier-one firms for failing to capture complete and accurate trade data in surveillance systems tracking market abuse. Trade data accuracy and completeness was a…

Securities tokenisation permitting firms to settle trades on a blockchain reduces counterparty risk and settlement costs while providing a vehicle for compliance automation. Last year saw some tokenisation of traditional…

Rulings by the Belgian and French data privacy authorities (DPAs) emphasise the risk posed by social media monitoring and scraping technology to firms and regulators such as the UK Financial…

L’Autorité des Marchés Financiers (AMF), France’s financial markets regulator, has created a Data and Surveillance Directorate as part of a wider reorganisation announced earlier this month. Its establishment comes as…

The UK Financial Conduct Authority (FCA) is seeking to improve its market surveillance technology and has tendered for a systems upgrade, a sentiment analysis tool and data sets. It is…

Global systemically important banks (G-SIBs) have increasingly turned to the open-source Common Domain Model (CDM) to retool their reporting systems and advance digital regulatory reporting (DRR) while boosting interoperability. Goldman…

Many U.S. and European globally systemically important banks (G-SIBs) have seconded staff to a digital regulatory reporting project that mutualises derivatives reporting rules interpretation, expresses those rules as computer code…

Firms’ 2020 compliance workplans and risk management strategies have been rendered redundant as the regulatory response to COVID-19 has usurped everyone’s agenda. Regtech companies tracking COVID-19-related regulatory publications say more…

Firms required to report under the European Market Infrastructure Regime’s (EMIR) Refit, face a looming deadline of April 29 to implement several vital changes. Those operating in the European Union…

The UK’s Prudential Regulation Authority (PRA) has commissioned 11 skilled persons reviews under Section 166 of the Financial Services and Markets Act 2000 into firms’ regulatory reporting in the last…

As COVID-19 restrictions are eased, the UK Financial Conduct Authority (FCA) plans to resume routine in-person supervisory visits where circumstances permit. The regulator has maintained the ability to make urgent…

UK regulators must endorse a single digital interpretation of European Market Infrastructure Regulation (EMIR) reporting rules if the digital regulatory reporting (DRR) work underway with industry collaborators is to succeed….

The UK Financial Conduct Authority (FCA) will this month publish its Markets in Financial Instruments Directive (MiFID II) trade reporting policy statement for equity trade data. The policy statement will…

New European Union rules governing artificial intelligence (AI) will put compliance obligations on automated facial recognition (AFR) used in some regtech applications, particularly client risk screening. UK data privacy and…

Charges will apply for some delayed market data accessed on a terminal or feed as of January 1, 2023, senior banking sources said. The Markets in Financial Instruments Directive (…

Consumer trading in unbacked crypto-assets is akin to gambling and should be regulated as such, a committee of influential UK lawmakers said today. Technology underpinning crypto may have some benefits…