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FCA third MiFID II consultation paper aimed at investor protection
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11 Oct
2016

FCA third MiFID II consultation paper aimed at investor protection

  • 11th October 2016
  • Bora Nanaj

The Financial Conduct Authority (FCA) published its third consultation paper (CP3) with regards to the implementation of the revised Markets in Financial Instruments Directive (MiFID II) on 29 September 2016. MiFID II, which comes into effect on 3 January 2018, is aimed at making markets more efficient, transparent and responsible.  Strengthening consumer protection is one Read More

01 Aug
2016

4 key suggestions from the FCA’s CP on PRIIPS accommodation

On 18 July 2016, the FCA produced a consultation paper (CP16/18) outlining suggestions on how to prepare the rulebook for the introduction of PRIIPS.  PRIIPS, which is designed to increase transparency of costs, risk and intended market, will take effect on 31 December 2016.  It requires each manufacturer and distributor of insurance-based investment products (IIP) or packaged Read More

19 Jul
2016

Instilling a culture of compliance

On 5 July, JWG hosted their RegTech Capital Markets Conference in London, attracting over 150 attendees from top tier banks, buy-side firms, vendors, lawyers and academics from across the industry.  A speech from the FCA’s own Nick Cook at the start of the day told of the clear signs of progress being made and reiterated Read More

14 Jun
2016

The first signs of rule automation

In November, the Financial Conduct Authority issued a call for input on facilitating the development and adoption of RegTech, or the use of technology to solve critical problems in compliance.  JWG argued that new and proven tools can be employed but, to do so, the industry must first collaborate in a ‘RegTech commons’ to set Read More

31 May
2016

Mis-selling: the case for regulation and redress

This month, the House of Commons Committee of Public Accounts released its forty-first report of session 2015-16 which looks at ‘financial services mis-selling: regulation and redress’.  The Committee is tasked with ensuring value for money of public spending and generally holds the government and its civil servants to account for the delivery of public services. Read More

04 May
2016

BOARD MEMORANDUM: Subject: Time to put RegTech on our agenda?

Date: April 2016 Dear fellow board members, As the Financial Conduct Authority’s acting head has so rightly pointed out, sustainability is the key to pleasing our shareholders and delighting our customers with a global approach to compliance. Since taking the seat which oversees our global compliance function in 2008, I’ve watched in horror as G20 Read More

27 Apr
2016

JWG FCA RegTech Roundtable – key takeaways

  • 27th April 2016
  • Mark Robinson

In November the FCA issued a call for input on RegTech. JWG argued that new and proven tools can be employed but, to do so, the debate must be reframed as a ‘RegTech commons’ for the market to take off. We assembled top technologists from 14 leading firms with the FCA under Chatham house rule Read More

15 Apr
2016

MiFID II’s unnatural data acts explained

  • 15th April 2016
  • Mark Robinson

We were pleased to speak at the Asset Control User Conference on Tuesday about the challenges of using RegTech in the context of comprehensive MiFID II data requirements.  JWG’s CEO, PJ Di Giammarino, presented a helicopter view of the regulatory landscape ahead of us, an approach to getting the cost of the data under control. Read More