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The great financial climate change
Archive
08 Aug
2016

The great financial climate change

The 2016 edition of the World Economic Forum’s annual Global Risks Report lists “failure of climate-change mitigation and adaptation” as the greatest risk facing the world over the next 10 years.  That was the collective judgment of 742 surveyed experts and decision makers drawn from business, academia, civil society and the public sector. Last year’s Read More

17 Jun
2016

Top 3 things every Brexit voter should know

With both sides of the Brexit debate feeling the heat, and the countdown timer running out of sand, there is less than a week before the voting public of the United Kingdom converge on the ballot stations to decide whether they see a future in the European Union or whether they would rather bring to an Read More

03 Jun
2016

DerivSource and JWG podcast on Brexit

  • 3rd June 2016
  • Aoife Quinn

Last week, JWG had the pleasure of taking part in a podcast to discuss the recent publication of our Brexit research paper.  Hosted by Julia Schieffer from DerivSource, the podcast, which can be found here, takes an in-depth look at some of the most pertinent issues raised in the report. The discussion focused on the Read More

02 Jun
2016

FRTB and BCBS239: Raising the data bar

The Fundamental Review of the Trading Book (FRTB) final text was published in January 2016 by the Basel Committee (BCBS).  The aims of the FRTB BCBS standards are to better factor market risk into trading book risk models, and to prevent banks moving instruments between the trading book and the banking book in order to 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

23 May
2016

RegRoundup 23 May: Locking down cyber-security

  • 23rd May 2016
  • Aoife Quinn

In a week which has seen cyber-risk cement itself on the agendas of regulators across the world, we’ve witnessed action in the trading space with plenty of developments occurring in Europe’s markets in financial instruments’ overhaul, as well as a concerted effort to rethink the way in which regulations and regulators work in the financial services industry. Read More

21 Apr
2016

Regulatory burnout and Brexit

A vote in favour of Brexit in the UK will have huge repercussions for the financial services sector. The issues of political sovereignty, economic benefits, market upheaval or immigration aside, the consequences for the people within financial services will be huge. Whether it is their job or how they are supervised, Brexit will require a Read More

04 Apr
2016
financial services regulation, fs regulation summary

RegRoundup 4 April: the pursuit of clarity

In the post-Easter week, regulators were busy shining a spotlight on remuneration practices in the industry.  We saw the EBA releasing a report looking at the high earners in EU banks and ESMA focusing on sound remuneration policies under the UCITS Directive and AIFMD. The FSB also met in Tokyo to discuss their priorities for Read More

18 Mar
2016
mis-selling, national audit office, FCA, Financial Ombudsman

The clampdown on mis-selling practices

On 24 February, the National Audit Office of the UK published the findings of a report carried out by the Comptroller and the Auditor General which looked at financial services mis-selling.  The definition of mis-selling is currently “a failure to deliver fair outcomes for customers” and this includes providing customers with misleading information or recommending Read More