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RBS rewarded for changing the regulatory compliance game
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18 Nov
2015

RBS rewarded for changing the regulatory compliance game

  • 18th November 2015
  • Mark Robinson

Collaboration is hard, yet it’s the core of meeting every new regulatory requirement. Last week, the Royal Bank of Scotland received the prestigious ‘best use of IT for the purposes of risk/regulatory management’ award because they got the way they manage trade and transaction reporting obligations right.  Many leading technologists helped JWG’s RegDelta platform underpin Read More

14 Oct
2015

Managing the complexities of client classification: the MiFID II push for LEIs

  • 14th October 2015
  • Mark Robinson

JWG analysis. As financial regulations keep piling up in the post-crisis world, it becomes increasingly difficult to recognise the similarities and differences between them.  The interdependencies on the Know Your Customer (KYC) front are present, but somewhat tangled.  Here we provide an overview of the current and upcoming client classification requirements under prominent regulations, and Read More

13 Oct
2015

10 new hot EBA releases this quarter

  • 13th October 2015
  • Aisha Dudhia

JWG analysis. The European Banking Authority (EBA) have been particularly busy this year, publishing over 30 key documents (5 consultations, 5 guidelines, 7 technical standards, 4 opinions and 11 reports and other notable publications) between June and August. Keeping up this pace, according to the EBA’s September newsletter, we can expect 25 deliverables covering 16 Read More

05 Oct
2015

Welcome to the ‘new world’ … of increased reporting requirements

  • 5th October 2015
  • Stefan Cristian Dorin

JWG analysis. Reporting systems are already buckling under the weight and complexity of new compliance demands, and yet more requirements are on the way.  Trade and transaction reporting regimes are set to expand significantly in 2017 when the Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) come Read More

18 Sep
2015

To LEI or not to LEI?

  • 18th September 2015
  • Mark Robinson

JWG analysis. Continuing our Legal Entity Identifier (LEI) series, from when the universal identification of financial entities was a mere idea on the horizon to its steady increase in prominence and complexity, we now mark a new date in the KYC calendar with the arrival of the consultation paper for level 2 relationship data for Read More

07 Sep
2015

Ticket to ride – part two: new ventures under EuVECA

  • 7th September 2015
  • Mark Robinson

JWG analysis. Regulators have given a huge boost to the small and medium enterprise (SME) markets under EuVECA, which aims to support the harmonisation and growth of the EU’s venture capital funds.  Venture capital funds are investment funds that specifically focus on pooling funding from other financial institutions (such as pension funds) in order to Read More

02 Sep
2015

ESMA’s proposal for changes to EMIR

  • 2nd September 2015
  • Stefan Cristian Dorin

JWG analysis. Derivative contracts are not a financial innovation of recent decades, allegedly coming into use around 1700 BC in ancient Mesopotamia.  On 16 August 2012, a new chapter in derivatives’ history was written when the European Market Infrastructure Regulation (EMIR) entered into force, as part of a global initiative to reduce counterparty and operational Read More

24 Aug
2015

5 key changes that ESMA is recommending to EMIR

  • 24th August 2015
  • Daniel Simpson

JWG analysis. This month, ESMA published four reports in which they outlined the modifications that they believe are needed to the EMIR legal framework. JWG have had a look and, below, we pick out five key changes that are being proposed. Clearing obligation. ESMA is recommending two minor changes to the clearing obligation.  These are Read More

19 Aug
2015

Defending your settlement: what will CSDR bring to post-trade?

  • 19th August 2015
  • Mark Robinson

JWG analysis. Last year’s Central Securities Depositories Regulation (CSDR) saw fresh demand from regulators for a more transparent and efficient framework for EU CSD services and operations.  The main aims of CSDR are to increase the safety and efficiency of the post-trade environment, primarily through the harmonisation of settlement cycles and settlement discipline for CSDs.  Read More

09 Jul
2015

Key takeaways from the latest transaction reporting debate

  • 9th July 2015
  • Aisha Dudhia

JWG analysis. On 7 July, market experts at the City & Financial Global workshop on transaction reporting under MiFID II addressed an audience, setting out their main concerns regarding the new transaction reporting regime.  In this article, we present some of the key issues that they highlighted. The European Securities and Markets Authority (ESMA) have Read More