Go to top
FEMR’s final report: putting an end to the ‘age of irresponsibility’
Archive
08 Jul
2015

FEMR’s final report: putting an end to the ‘age of irresponsibility’

JWG analysis. Mark Carney recently declared the ‘age of irresponsibility’ within the fixed income, currency and commodities (FICC) markets to be over.  Just over a year ago, the UK Government introduced the Fair and Effective Markets Review (FEMR) in response to the FX and LIBOR scandals.  The large scale misconduct and collusion had damaged public Read More

24 Jun
2015

Regulatory reporting 2015 Part 3: Light at the end of the tunnel?

  • 24th June 2015
  • RegTechFS

Yesterday, in London, an august crowd assembled to discuss the future of technology in banking.  We were privileged to participate in a session that focused on whether there is light at the end of the ‘data dilemma’ tunnel. Our conclusion: even though it’s been nearly 6 years since the G20’s plans were put in motion, Read More

16 Jun
2015

Energy trading reporting unknowns, 115 days away …

JWG analysis. We are less than 115 days from the point when the first phase of new energy trading reporting obligations kicks in across the EU.  Amidst a recent industry outcry to develop more consistent data reporting standards, the requirements introduced by the Regulation on Energy Market Integrity and Transparency (REMIT) are yet another example Read More

12 Jun
2015

Key points and dates to take away from Verena Ross’ speech at IDX 2015 on MiFID II and EMIR

JWG analysis. In her speech at IDX 2015 this week, Verena Ross, Executive Director, European Securities and Markets Authority, addressed the two major EU legislative projects affecting derivatives trading: MiFID II and EMIR. Here we present some of the key issues she highlighted. 1.  MiFID II timeframe and technical standards The decisive date for application of MiFID II Read More

09 Jun
2015

Regulatory reporting 2015: recap of the standoff – Part 1

  • 9th June 2015
  • RegTechFS

JWG analysis. Catch phrases, like ‘caveat emptor’, have been the rallying cry of the financial industry for millennia.  In 2009, the G20 sought to change the status quo by introducing the notion of global transparency to all markets. After spending billions on the first wave of reporting, we are only now realising how difficult it Read More

10 Mar
2015

Knowing the compliant customer in 2016

  • 10th March 2015
  • RegTechFS

JWG analysis. Regulations like FATCA, EMIR and Dodd-Frank have asked us to collect more information on our customers than ever before – but now it’s clear that was just the start of the story.  New regulation finds regulators even hungrier for information on the firm’s relationship with its customer, together with details of how information Read More

02 Mar
2015

The 2015 challenge: hurdling the KYC bar

JWG analysis. With 40+ regulations covering 500+ KYC data requirements due to be implemented over the next 3 years, meeting the requirements poses significant challenges to all firms in the market, not least client outreach, data management and multiple, iterative, implementation dates.  Combined with record fines for AML failures, and new personal liability for senior Read More

09 Feb
2015

Customer data battle: can the KYC clearing house break the stalemate?

JWG analysis. There is a war going on to ‘Know Your Customer’.  As regulators continue to release new requirements for firms to collect and maintain information about their clients and counterparties, the struggle to comply has turned into trench warfare fought across many fronts, and new strategies are needed to avoid a long and uncertain Read More