Gentrifying The Wild West

Can suptech take DeFi to the next level? As technology-driven decentralised finance (or DeFi) grows in popularity and market value, it appears that a battle is brewing between DeFi protocols and regulators. But can technological tools in the hands of regulators head this off at the pass? A reasoned, transitional approach to compliance, along with


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 Settlements (BIS), the European Commission, the European Banking Authority (EBA), the European System of Central Banks (ESCB), the Financial Stability Board (FSB), the U.S.’s Federal


Remember, Remember, the 5th of November… FCA, conduct and Ops

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On Thursday last week, 5th November, the FCA published three Decision Notices, all prohibiting individuals from performing “any function in relation to any regulated activity carried on by any authorised or exempt persons or exempt professional persons” as each lacked “the necessary integrity and reputation required to work in the regulated financial services sector”. The offences


Key surveillance takeaways from the MAR review

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By PJ Di Giammarino and Sam Tyfield, Partner, Shoosmiths. The MAR review report was finally released on 23 September and clocked in at 276 pages. It raises a number of key issues for senior management at financial institutions, already struggling to form a holistic view of their communications surveillance obligations under COVID. The extensive review


Sabre rattling: Trade surveillance, RegTech and COVID obligations

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By Sam Tyfield, Partner, Shoosmiths. On 12 October, a speech by Julia Hoggett, FCA’s Director of Market Oversight, was published here. She speaks of having “rattled [her] sabre” about market abuse and surveillance. She started with some good news; activity the FCA regards as abusive, manipulative or insider dealing has not changed, so far as


Click here for the Italian version of this press release.   JWG and PwC Italy partner to boost the next generation RegTech solutions to the Italian market London, Milan – 21 October, 2020 – JWG, the trusted financial services regulatory intelligence company, and PwC Italy today announce a new collaboration agreement to support the access


Click here for the English version of this Press Release JWG e PwC Italia hanno concluso una partnership per dare impulso alla prossima generazione di soluzioni RegTech nel mercato italiano Londra, Milano – 21 Ottobre, 2020 – JWG, la riconosciuta società di regulatory intelligence nel settore finanziario e PwC Italia hanno annunciato oggi l’avvio di


Think-tank JWG urges Financial Services regulators and firms to collaborate with technology firms in advance of cloud and data crises London, UK – 4 August, 2020 – JWG, the trusted financial services regulatory intelligence company, today announces the publication of a ground-breaking research paper ‘Risk control for a digitized financial sector.’ The paper identifies a


SupTech update: Digital Regulatory Reporting is here 

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By: PJ Di Giammarino  After a decade of data challenges, Regulators are now taking cautious steps towards new reporting technology. New reports issued this month show that DRR finally has traction and that demand for better solutions is high as the industry pinpoints which areas to deploy it.   We may finally be at a tipping point for both transactional and prudential data reporting. However, all eyes


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 loss. Regulators should examine what risks cloud use poses to their own organisations as well. “We’re moving toward a world where the largest or most