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JWG asked to host RegTech roundtable by the FCA
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23 Feb
2016

JWG asked to host RegTech roundtable by the FCA

In answering the Government’s demand for the UK to become a leader in the RegTech field, the FCA issued a call for input in November. Given that JWG have been supporting the development of RegTech – via this publication and our other activities – for a decade now, we thought it would be helpful to Read More

08 Dec
2015

Six years on from the financial crisis… where have we got to and where do we go from here?

Financial regulation remains as complex as ever. Complex new niches such as shadow banking, Fintech, and Over-the-Counter Derivatives, and the increasing interconnectedness of Financial Institutions (FIs) across the world, have led to greater risks to be managed for regulators. With this in mind, how they manage to get ahead of these rapid financial evolutions and Read More

16 Nov
2015

Key takeaways from the LEI’s recent progress report – are we finally up in the air?

  • 16th November 2015
  • Mark Robinson

Last week, the Regulatory Oversight Committee (ROC) published their report on the progress the Legal Entity Identifier (LEI) has made since its proposal in 2011 as a solution to transparency, organisation and risk aggregation in the financial industry. The report is split into five sections: (1) Completion of the Global Legal Entity Identifier System (GLEIS) Read More

30 Oct
2015

DerivSource interview: PJ Di Giammarino on MiFID II

  • 30th October 2015
  • Aisha Dudhia

Julia Schieffer, the founder and editor of DerivSource.com, recently interviewed PJ Di Giammarino, CEO of JWG Group, on some of the key stumbling blocks of MiFID II requirements. Extracts from the interview detailing issues on reference data, the transparency principle and how financial institutions are implementing changes can be seen below. The full transcript and 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

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

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