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CRR II/CRD V and Basel III: tackling global regulatory fragmentation
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08 Sep
2017

CRR II/CRD V and Basel III: tackling global regulatory fragmentation

It has been nearly four years since the implementation of CRR/CRD IV which cover prudential rules for banks, building societies and investment firms with the main aim of reducing the likelihood that these financial institutions will become insolvent.  To an extent, this reflects the Basel III rules on capital measurement and capital standards which is..

03 Mar
2017

The state of RegTech 2017: meeting expectations?

On 28 February 2017, I was pleased to chair our second RegTech Capital Markets Conference in London.  As many have been asking how it measured up to our expectations, here’s a recap and an overview of what we think comes next. With a very senior audience of over 260 attendees from top-tier banks, buy-side firms..

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..

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..

11 Jan
2016

RegRoundup 11 January: risks and regulatory battles

The new year has not brought any better luck for China’s economy. As stocks continue to slump, the People’s Bank has again devalued the Yuan to somewhat limited results. Meanwhile the debate over how best to control Wall Street is getting no less fiery. Bernie Sanders has made clear his intentions to ringfence investment banks..

23 Sep
2015

Preparing for the ‘ringfence’

JWG analysis. Following the introduction of the new ringfencing law, due to come into force 1 January 2019, the biggest UK banks strongly voiced their concerns. Although this new law will be difficult (and expensive!) for all banks involved to implement, firms with more global and diversified business models are facing additional complexities.  In particular,..

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..

11 Dec
2013

Banks spared prop trading ‘apocalypse’ … for now

  • 11th December 2013
  • RegTechFS

Today, a final version of the long-awaited Volcker Rule has been published by the five US agencies involved in its drafting.  The rule as finalised is something of a victory for banks owing to multiple broad exemptions and an extension of the timeline.  However, there are many questions still outstanding, and implementation will be a..

30 Aug
2013

£4.4 billion to get divorced? UK treasury estimates cost of ring-fencing to the industry

As part of its on-going drafting of the Banking Reform Bill (BRB) which will implement the Vickers plans for ring-fencing retail banking in the UK, the Treasury recently released an impact assessment of the draft secondary legislation.  It makes for interesting reading as it gives an initial indication of the costs the government thinks will..