Archived Event
NextGen Trading Compliance RegTech Seminar 2023

About the session

The 20s have challenged financial institutions to reconsider their compliance operating model and the tools required for the job. Nowhere is the need for RegTech more acute than the fast-moving and complex web of trading regulations. PJ Di Giammarino, Founder and CEO of JWG, and first editor of RegTech will share his perspectives on what is in store for risk and compliance professionals at the trading coal face.

Regulatory Challenges

• Compliance in a less siloed world – compliance by design here
• Fragmentation of global obligations
• The changing role of compliance, operations, technology & procurement

New RegTech/SupTech drivers

• Technology risk management: e.g., AI, Cyber
• Operational risk and Operational resilience
• Common domain models
• Digital regulatory reporting standards
• Regulatory engagement in RegTech

About the session

Market data and post trade transparency is up for debate. As the UK contemplates market reforms, ESMA has been asked to specify the ‘quality and the substance of core the market data and the quality of the transmission protocol’. Both are introducing new CTPs. COOs and compliance officers risk being unable to police bad data and holding the SM&CR bag. What trading capabilities are needed to comply in a more clearly defined marketplace?

Regulatory Challenges

• US SEC trading reforms
• MiFIR RTS 1 & 2 opinions and transparency proposals
• The UK Edinburgh reforms set post-Brexit course
• EU Tax rules complement MICA proposals
• CTP
• Market data quality
• Standards & identifiers: LEI, ISIN
• Clock synchronisation
• SM&CR

New RegTech/SupTech drivers

• Algo trading
• Dark pools
• DVC
• Trade surveillance
• Algo controls

About the session

The post Brexit battle for trading continues to rage while US revisits NMS for the first time in over a decade. Transparency to trading costs is in focus for regulators concerned about liquidity and PFOF. Future policies will diverge and compliance will be challenged to be the arbiter of what ‘good execution’ looks like for senior managers. What next generation trading RegTech is required to satisfy the counterparty and regulator?

Regulatory Challenges

• US Best execution/ RegBI / Form CRS
• US/EU PFOF
• MIII RCB Article 13
• UK WMR
• ESMA STO non-paper
• Fixed income CTP
• HK rule151
• SFC Circular

New RegTech/SupTech drivers

• Best ex challenges here and here
• RTS 1 and 2 transparency
• Divergence of EU/UK transparency exemptions, SMS, SI midpoint, minimum quote
• Trading apps

About the session

Global conflict has stretched risk frameworks for AML/CFT, trade surveillance, eComms, voice, and digital assets. Experts have long called for integrated management approaches across silos, is RegTech ready to enable better models to defend the firm?

Regulatory Challenges

• FCA 05/22 Market Watch 69 – Observations on market abuse surveillance here
• Bank of England – Charting the Future of Post-Trade here
• Economic Crime (Transparency and Enforcement) Act
• FATF 40 recommendations here

New RegTech/SupTech drivers

• JWG analysis on Surveillance RegTech 2022 here
• JWG analysis – Market Watch 69 & Surveillance RegTech here
• JWG economic crime RegTech analysis and RegCast here
• JWG AML and TM RegTech 2022 analysis here
• JWG analysis on DeFi and the AML car here

About the session

The tide has receded leaving global regulators to align digital asset policies. How does RegTech help Compliance deal with customer, product and market obligations in decentralized finance

Regulatory Challenges

• US Crypto joint statement
• UK Edinburgh plans
• Full research here

New RegTech/SupTech drivers

• JWG analysis: RegTech, key to stablecoin stability here
• JWG analysis: Regulating digital-assets: after the tide goes out here
• JWG analysis: US order

About the session

The next 18 months will shape RegTech as compliance evolves to meet the needs of divergent regulation. Strong planning and co-ordination to align TradFi and digital asset rails is required. What are the key priorities for 2023 and how should leaders think about charting their future course?

Regulatory Challenges

• Engagement models
• Policy management
• Accountability (e.g., SM&CR, SEAR)

New RegTech/SupTech drivers

• Standards
• Model-driven controls
• Compliant OpRisk benchmarks