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


JWG urges sector to address systemic technology risk blind spot

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JWG is proud to announce the publication of a ground-breaking research report ‘Risk control for a digitized financial sector.’    The analysis identifies a large systemic technology risk blind spot which regulators must take the lead in addressing. JWG urges Financial Services regulators and firms to collaborate with technology firms on new RegTech standards in advance of cloud and data crises.    The paper, which incorporates findings from JWG’s RegTech 2.0 conference and dozens of discussions with regulators, regulated and academia, builds on 10 years


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 private sector has engaged and done much of the heavy lifting to prove digital regulatory reporting works for all kinds of business models, said


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 and emergency on-site supervisory or enforcement visits throughout the lockdown period, officials said. An FCA spokeswoman declined to comment on this. The FCA and the


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 two quarters. The PRA commissioned nine prudential s166 reviews of deposit takers in the fourth quarter 2019/20 (December through February), according to publicly available information.