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Increasing the armoury against market abuse
Archive
13 Aug
2015

Increasing the armoury against market abuse

  • 13th August 2015
  • David Miller

JWG analysis. Since the financial crisis, there has been an increased focus on tackling market abuse.  As of March this year, the FCA had 49 cases market abuse cases open and, in 2014, 60+ market abuse cases were on their books.  In terms of criminal convictions, three were secured for insider dealing and nine confiscation Read More

28 Jul
2015

Running for the hills: the new Senior Managers Regime

JWG analysis. The commencement date (March 2016) of the Senior Managers Regime is fast approaching – but what does it mean for senior managers?  And will anyone want to be a senior manager when the regime finally commences? Whilst the new regime will only affect new applicants directly, those who are certified under the existing Read More

23 Jul
2015

The long-awaited divorce: saying goodbye to bundled commissions

  • 23rd July 2015
  • Aisha Dudhia

JWG analysis. The removal of a number of financial practices has altered the regulatory environment in recent decades.  With new landmark legislations coming in to play soon, regulators across Europe look set to bring down the curtain on another. Under the existing practice of bundled commissions, asset managers charge clients to manage their funds but Read More

08 Jul
2015

Part 1: HFT coders – ready for judgement?

  • 8th July 2015
  • RegTechFS

By Sam Tyfield and JWG. It has been widely rumoured that the level 2 MiFID II will define the high frequency algorithmic trading technique (HFATT) as one which has a high message intraday rate in which there is a minimum of four messages being sent  per second for all instruments traded on a trading venue.  Read More

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

12 Jun
2015

New EU unknowns for MiFID unleashed in the UK

  • 12th June 2015
  • Daniel Simpson

By Sam Tyfield and JWG. As RegTech readers may recall, back in 2014, the prudential regulator in the UK released new rules for the firms it regulated – the ‘senior managers regime’ or SMR – and that the Bank of England was running a Fair and Effective Markets Review (FEMR) looking at what needed to change in Read More

26 Jan
2015

Taming your trading troubles: regulation in a global market

  • 26th January 2015
  • RegTechFS

JWG analysis. The chief of the CFTC pronounced from Japan this week that implementing regulatory reform means overcoming “legal traditions, regulatory philosophies, political processes, and market concerns”.  Looking at the global trading regulatory climate that surrounds MiFID II, we couldn’t agree more. Those struggling to digest the MiFID II texts and get to Paris for Read More

13 Nov
2014

Doing MiFID II right – shaping your what AND how

  • 13th November 2014
  • RegTechFS

JWG analysis. In our last article on this topic, we spelt out our views on regulatory implementation standards.  And the first standard that needs to be defined is how you’re going to organise your work programmes. The shape of your MiFID II programme MiFID II is far beyond just a few ‘tweaks’ to MiFID I.  So much Read More

05 Sep
2014

The aftermath of summer 2014 … onwards and upwards?

JWG analysis. As the sun slips back into hibernation, schools reopen and autumn looms, regulators, lawyers, risk specialists, change managers and compliance professionals are returning to their desks. Here at JWG we have been busy tabulating the enormous level of movement in the regulatory space during the summer. For those of you lucky enough to Read More