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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

15 Jun
2016

Jurisdictions lacking the tools for shadow banking oversight

  • 15th June 2016
  • Mark Robinson

On 25 May, the Financial Stability Board (FSB) reported on jurisdictional progress in implementing their policy framework for strengthening oversight and regulation of shadow banking entities. Shadow banking emerged as a financial stability priority following the events of the financial crisis in 2008, when a number of non-bank financial entities entered into liquidation due to 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

11 May
2016

RegTech and change management at the heart of the Brexit debate

  • 11th May 2016
  • Aoife Quinn

With 23 June just around the corner and a vote deciding the future of the UK in the EU on the horizon, we at JWG have issued a ground-breaking report today – Brexit: changing out the engine of finance. The report finds significant technical and leadership challenges ahead in the event of a decision to 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

11 Apr
2016

Solvency II: rethinking infrastructure investments

On 1 April 2016, the European Commission’s Delegated Regulation (EU) 2016/467 relating to Solvency II – the European risk-based capital regime – was published into the Official Journal of the EU.  This covers the new risk charges imposed on insurers’ equity and debt investment in infrastructure projects. Based on advice from the European Insurance and Read More