News JWG 8th Annual Conference 2024: Getting real about RegTech

RegTech Community

Event: Member Only

DRR Cohort 2 training course

May 4, 2021 2:00 pm

Archived Online

4 half day training sessions in the US ET am to orient Digital Regulatory Reporting Digitizers By the end of the course participants will be able to take a regulatory text and transpose it into a CDM functional expression in Rosetta for the purposes of generating regulatory reporting. The course relies on a set of…

DRR Architecture WG 3

April 21, 2021 1:30 pm

Archived Online

Digital Regulatory Reporting Architecture Working Group meeting 3 to review progress on follow-up actions from oversight committee meeting 4 (DOC4) and next steps in advance of Digitizer Cohort 2 launch in May and oversight committee meeting 5 (DOC 5).

RDS 25: BoE, BIS findings and 2021 Global DRR action plan

Archived

The group discussed recent papers from the Bank of England, BIS and JWG’s Global Derivatives Digital Regulatory Reporting (DRR) programme and the business case for getting involved in these efforts. The group also reviewed  JWG's proposed Regulatory Reporting & Data SIG (RRDS) 2021 plans to explore the feasibility of 'top down' aggregated reporting (e.g., Risk,…

TSS 23: GameStop, Conduct Risk, Culture and KPIs

Archived

16 March 2021 TSS 23: GameStop, Conduct Risk, Culture and KPIs Meeting objectives The group met to discuss the impact beyond the broadsheet news of GameStop hearings on wholesale and retail surveillance agendas and the impact on how firms manage conduct and culture risk? TSS Members can access to the 21-page presentation in the members’…

TSS 24: Digital accountability in a democratized finance sector

May 18, 2021 4:00 pm

Archived Online

The UK has taken a leading role in pushing for senior management accountability with a focus on SM&CR, Conduct and Culture. EU (MIC, SEAR) and APAC regulators (BEAR/FAR, IAC) have followed suit to varying degrees. In an increasingly digital sector with divergent rule sets, the ability to manage the compliance deltas is fast becoming a…

RRDS 26: CRR2 Integrated Reporting System: Do top down and bottom-up risk data meet?

May 13, 2021 4:00 pm

Archived Online

We have a great collection of EU, UK, US and Asia Pacific regulators registered to join in our Chatham house rules discussion of integrated reporting with top firms and technology suppliers. Our research has identified a number of key challenges posed by 430C by the much bigger picture imposed upon us by continued technological developments.…

Digitizer Cohort 1 Peer review 3

May 12, 2021 2:00 pm

Archived Online

The plan is to make as much progress as possible with individual modelling in advance of launching Cohort 2 in May.  To achieve this: Individual model submissions. 3 days in advance of each meeting we will call for your contributions to be submitted (e.g., first submissions are due COB on 8 April) Peer reviews meetings.…

Digitizer Cohort 1 Peer review 2

April 28, 2021 2:00 pm

Archived Online

Following on from my note earlier today, please find attached a spreadsheet with your individual field assignments for the month of April. Each person has been assigned a number of fields by ISDA which has tried to group the fields in a logical order Not everyone has the same amount of fields in total, but…

Digitizer WG Cohort 1 peer review 1

April 14, 2021 2:00 pm

Archived Online

Following on from my note earlier today, please find attached a spreadsheet with your individual field assignments for the month of April. Each person has been assigned a number of fields by ISDA which has tried to group the fields in a logical order Not everyone has the same amount of fields in total, but…

0321 JWG GD DRR DOC4 minutes

Archived

Minutes from the Global Derivatives DRR Design Oversight Committee 9 March to review progress from digitization and architecture working groups and agree next steps.

Digitizer WG Sprint 1.1

March 16, 2021 9:00 am

Archived Online

Working group meeting to consolidate and extend the DRR modelling from sprint 1 DRR training session of 23-26 February

Design Oversight Committee 4

March 9, 2021 4:00 pm

Archived Online

The next Global Derivatives Digital Regulatory Reporting (DRR) oversight committee meeting where we will recap lessons learnt, discuss forward plans and agree next steps.

TSS 23: GameStop, Conduct Risk, Culture and KPIs

March 16, 2021 4:00 pm

Archived Online

As we summarized in our latest Beacon, JWG’s surveillance community has covered quite a patchwork of regulatory obligations over the past 2. In all that time, nothing has pulled all into focus like GameStop. JWG has been digging beyond the broadsheet news to examine what roars from Reddit chat groups will mean to wholesale and…

RRDS 25: BoE data collection findings and 2021 Global DRR action plan

March 11, 2021 4:00 pm

Archived Online

We look forward to kicking off the 5th year of JWG’s Regulatory Reporting and Reference Data SIG series with a Bank of England-led discussion of 2020 data collection transformation findings and plans under Chatham house rule. The meeting will cover the new BoE plan to transform data collection from the UK financial sector (23 Feb).…

Global Derivatives DRR Design Oversight Committee 3

January 28, 2021 4:00 pm

Archived Online

Thank you for all your efforts this year to get momentum on the Global Derivatives DRR programme. In light of our review of the EMIR Refit report, which came out after our meeting and the SRSR research we have conducted this week, I’ve been following up with meeting participants, ISO and the trade associations on…

Global DRR Design Oversight Committee 2

December 17, 2020 4:00 pm

Archived Online

Design oversight committee 2. JWG agreed to have 1:1 conversations with Members to gather feedback on the Pilot and preferences on forward plans in advance of a 17 December DoC2 to cover;

DRR Working Group Meeting 5

December 3, 2020 4:00 pm

Archived Online

Firm test data submission to ISDA. The group was reminded that sample transaction data would need to be sent to cdmdrr@isda.org o that a Test Pack can be generated. Sample trades in FpML format Product coverage per scope definition – FX Forward, NDF, Vanilla Options Event coverage per scope definition – New, Termination, Novation Other Products and Events…

DRR Working group Meeting 4

November 25, 2020 4:00 pm

Archived Online

Meeting objectives   To review FX Pilot field modelling issues raised to date, gather feedback on key fields and agree next steps.

Global Derivatives Advocacy Meeting

November 20, 2020 11:00 am

Archived Online

Advocacy group. The group discussed creating a DRR advocacy group that is tasked with getting a list of potential stakeholders and a plan together for engaging with policy, innovation, standards and other stakeholders. The group will help shape the long term and immediate objectives, key messages and what input is required from the private sector. Members…

Digital Regulatory Reporting CDM Training

November 11, 2020 12:00 am

Archived Online

 This is a recording of the DRR training delivered to members on 11 November. The recording is for educational purposes and is to be used to foster educational discussions on the Common Domain Model (CDMTM) as part of the Global Derivative DRR Project. Reviewers of this material agree to adhere to the spirit of…

TSS 22: SM&CR use case objectives and roadmap

November 17, 2020 4:00 pm

Archived Online

JWG’s review of the 276 page MAR review report raised a number of key issues for surveillance professionals which further the need for SM&CR guidance. Come join your colleagues in a short discussion of the objectives, approach and focus of for SM&CR surveillance guidance to help.

TSS 21: MAR review, MiFIR CP and communications surveillance

November 3, 2020 4:00 pm

Archived Online

New consultations were released last week which could have a major impact on communications surveillance. Time to book your seat at the next Chatham house rule JWG RegTech Trade Surveillance Special Interest Group (TSS). The 276 page MAR review report revisits key issues for surveillance professionals including: the definition of inside information, insider dealing controls/ disclosure, market soundings, insider lists and the establishment of an…

DRR Design Oversight Meeting 1

October 15, 2020 3:00 pm

Archived Online

The group discussed regulatory engagement, communications, a pilot approach and received 2 presentations from consultancies with a view to defining regulatory launching the first pilot.

CMS 13: RTC KYC Registry & Forward planning meeting

July 23, 2019 4:00 pm

2, Churchill Place, England, E14 5RB, United Kingdom

Archived In-person

Round the table: ​ Firms: Barclays, BNP, Credit Suisse, EDF Man, ING​ Vendors: Altergiaia, Datavisor, Grant Thornton, Lysis​ Regulators: FCA​ Independents: Mark Davies, Kumar Raju, Stephan Niermann, Samantha Sheen ​ 15+ people will dive into AMLD V RegTech use cases:​ Discuss latest status with FCA TechSprint & Companies house interaction​ Review conclusions from the RTC registry survey and implications for RTC Project​…

CMS 14: RTC & FCA TechSprint Winning UBO solution

September 26, 2019 4:00 pm

3, Harewood Avenue, England, NW1 6JL, United Kingdom

Archived In-person

Round the table: ​ Firms: Barclays, BNP, BlackRock, Citi, Credit Suisse, EDF Man, ING, GAM, Santander, Westpac​ Vendors: Altergiaia, pTools​ Regulators: FCA​ Independents: Stephan Niermann, Samantha Sheen ​ 15+ people will dive into AMLD V RegTech use cases:​ Review FCA TechSprint outcomes for UBO ​ Understand potential vehicles for leveraging Citadel’s solution​ Identify potential participants​ Agree plans for CMS and RegTech Council on 17 October

CMS 15: Citadel/AMLDV Registry data sharing vision

November 28, 2019 4:00 pm

1, Cabot Square, England, E14 4QJ, United Kingdom

Archived In-person

The FCA have requested that for the meeting with Companies House (CH) be limited to the Citadel leaders and me as the spokesperson for the RegTech Council in December. Accordingly, we have moved our workshop on 28 November to Credit Suisse in order to get your views and comments on your ask of CH. We…

CMS 16: RegTech Council 5MLD registry data project​

January 30, 2020 1:30 pm

33, Canada Square, England, E14 5LB, United Kingdom

Archived In-person

Round the table: ​ Firms: Blackrock, BNP, Citi, Credit Suisse, Deutsche Bank, GAM, HSBC, Morgan Stanley, Natwest Markets, Railsbank​ Regulator: Companies House, FCA​ Infrastructure: BvD, Ince, SEI​ 25 people will discuss:​ Align our current understanding of 5MLD registry challenges​ Define key challenges for the RegTech Council​ Agree a plan to mutualise the work required to digitize the exchange of data The…

CMS 17: RTC – AML registry data project

March 3, 2020 4:00 pm

Archived Online

To recap, we have been working with your peer firms over the last 2 years to engage with the regulators on AML: The RegTech Council, at the direction of Barclays, Credit Suisse, BNP, Citi and other firms worked with the FCA to define the UBO use case for the global Tech Sprint last summer Team…

TSS 14: AML and trade surveillance – Gaps, Issues and Opportunities for RegTech

September 12, 2019 4:00 pm

England, EC2N 2DL, United Kingdom

Archived In-person

Round the table: ​ Firms:  Barclays, BlackRock, BMO, BNP, Commerzbank, Credit Suisse, ED&F Man, GAM, Janus Henderson, Jeffries, JP Morgan, Macquarie, Man, Nomura, RBC, Santander, Scotia, Soc Gen, TD, UBS, Wells Fargo​ Vendors: Altergaia, Digital Reasoning, Grant Thornton, Lysis, NICE Actimize, pTools, Relativity Trace​ Regulators: FCA​ 30+ people will:​ Review recent conclusions from FCA review and Global AML TechSprint​ Discuss operating…

TSS 15: Overcoming barriers to integrated surveillance – Trade, voice, eComms, conduct and AML

November 5, 2019 4:00 pm

5, Churchill Place, England, E14 5HP, United Kingdom

Archived In-person

Round the table: ​ Firms:  Aviva, BAML, Barclays, Blackrock, BNP, Commerzbank, CS, ED&F Man, Fidelity, GAM, Janus Henderson, Jefferies, Macquarie, Morgan Stanley, RBC, Santander, Scotia Bank, Soc Gen, State Street, TD and UBS ​ Vendors: Altergaia, Digital Reasoning, NICE Actimize, pTools, Relativity Trace​ 30+ people will:​ Discuss the results of JWG’s Surveillance Capability model research findings​ Discuss the group’s view of barriers…

TSS 16: Data ethics, voice & eComms surveillance

December 10, 2019 4:00 pm

20, Churchill Place, England, E14 5HJ, United Kingdom

Archived In-person

Round the table: ​ Firms:  Avivia, BAML, Blackrock, Credit Suisse, Fidelity, GAM, Janus Henderson, Jeffries, Northern Trust, Renaissance Capital, Santander, Scotia Bank, Soc Gen, State Street, TD securities, UBS, Wells Fargo and Westpac​ Vendors: Digital Reasoning, NICE Actimize, pTools, Relativity Trace​ 25+ people will:​ Discuss the results of JWG’s Surveillance Capability model research findings related to voice​ Review new papers…

TSS 17: SM&CR and Surveillance​

March 12, 2020 4:00 pm

Archived Online

With enough regulatory change to last another decade already, JWG remains committed to collaborating throughout the pandemic. We look forward to a robust on-line discussion with colleagues from Avivia, Blackrock, GAM, Itau Unibanco, Janus Henderson, Northern Trust, RBC, Renaissance Capital, Macquarie, Santander, Scotia Bank, Soc Gen, State Street, TD and Westpac.   Please see the…

TSS19: Post COVID SM&CR surveillance audit readiness

May 28, 2020 4:00 pm

Archived Online

The FCA issued Market Watch 63 with a grave warning of post-COVID surveillance thematic or retrospective review. This confirms the expectations of many last month (minutes attached)  and we are delighted to add it to our meeting's agenda as we discuss the worked SM&CR Surveillance guidance example to define how the deliverables can help firms…

TSS 20: SM&CR Guidance and MAR II/MiFID III

August 6, 2020 4:00 pm

Archived Online

We are making good progress in our 1:1 discussion of policies, controls and the availability of resources and look forward to presenting the conclusions in the context of MAR II / MiFID III. The group met to discuss current regulatory demands on global surveillance functions. It reviewed new BCBS Operational Risk principles and EBA/ESMA suitability…

RRDS 18: EMIR Refit – Scope of Work & Path Forward

October 10, 2019 4:00 pm

1, Basinghall Avenue, England, EC2V 5DD, United Kingdom

Archived In-person

Round the table: ​ Firms: Allianz, Blackrock, BMO, Citi, Credit Suisse, DB, GAM, Goldman Sachs, LBG, Morgan Stanley, Standard Chartered, UBS​ Infrastructure: Regnosys, Inforalgo, Business Semantics​ Trade Associations: ISDA​ 25 people will discuss:​ A proposal for a RegTech Council EMIR Refit interpretation project​ Benefits and resource commitments​ Key stakeholders, thresholds and next steps for the launch of Q4 project​ What to…

RRDS 19: EMIR Refit – DRR Launch Plan

November 26, 2019 4:00 pm

8, Finsbury Circus, England, EC2M 7GB, United Kingdom

Archived In-person

Round the table: ​ Firms: Allianz, BMO, Citi, CS, DB, GAM, Goldman Sachs, LBG, RBS, Santander, Standard Chartered, UBS​ Regulator: FCA ​ Infrastructure: Regnosys, Inforalgo​ Trade Associations: ISDA. FIA​ 25 people will discuss:​ A proposal for a RegTech Council EMIR Refit interpretation project​ Thresholds and next steps for the launch of the RegTech Council project​ Define next steps for RRDS in 2020

RRDS 23: UK OTC Reg Reporting Project Launch

June 2, 2020 4:00 pm

Archived Online

Round the table: ​ Firms: BMO, BNY Mellon, Citi, Credit Suisse, DB, GAM, Goldman Sachs, Invesco, LBG, Morgan Stanley, Pictet, PIMCO, Santander, SEI, TD, UBS​ Infrastructure: Accenture, Business Semantics, Capco, DTCC, EY, Fujitsu, LRH, LSEG, Quorsus, SETL, SWIFT​ Trade Associations: AFME, ICMA, ISDA, EVIA, FIA, FTC​ Regulators: BoE, ECB, FCA

RRDS 22 – Jumpstarting OTC Reg Reporting 2.0 Roadmap

April 30, 2020 4:00 pm

Archived Online

Round the table: ​ Firms: BMO, BNY Mellon, Citi, Credit Suisse, DB, Goldman Sachs, Invesco, LBG, Pictet, PIMCO, Santander, SEI, TD, UBS​ Infrastructure: Accenture, Bloomberg, Business Semantics, Capco, DTCC, Elax, EY, LRH, LSEG, Market Axess, Quorsus, SETL​ Trade Associations: AFME, ICMA, ISDA, EVIA, FIA, FTC​ Regulators: BoE, ECB, FCA​ ​ 40 people will discuss:​ Expectations of UK OTC regulatory reporting​ Transparency 2.0 target…

RRDS 21 European & UK Regulatory Data Plumbing Plans

March 19, 2020 12:00 am

Archived Online

On 19 February  the European Commission unleashed radical new plans to spend billions on a new data strategy which is based on a report from an expert group. Buried in the detail is a clear indication that the forthcoming digital finance strategy in Q3 will be focused on ‘pro-competitive’ regulatory data reporting standards.   Conveniently…

RRDS 20 – EMIR Refit – DRR Project Plan + EC Fitness Check & FCA/BOE DRR Update

January 9, 2020 12:00 am

49A, Skinner Street, England, EC1R 0HR, United Kingdom

Archived In-person

  We are pleased to be kicking off the DRR discussion with a brief recap of lots of *new activity* since we last met in November: UK data strategies The FCA's data strategy The Bank of England's Discussion Paper (DP): Transforming data collection from the UK financial sector Digital Regulatory Reporting: Phase 2 Viability Assessment (PDF) {Background:…