We are pleased to release our 3rd RegCast today. This episode shines a spotlight on the new. digital capabilities required to track neo brokers, digital influencers (e.g., roaring kitty) and the new on-line herds of citizens that can influence market pricing (e.g., GameStop). Picking up with Sam Tyfield, Rachel Wolcott and Gavin Stuart where we…

The Financial Conduct Authority (FCA) is developing a single-view-of-firm dashboard and other early warning systems to identify and potentially shut down problem firms more quickly, said Nikhil Rathi, chief executive. Upskilling in technology, operations and data science would permit the regulator to design systems to detect misconduct, fight fraud and react more quickly to rapidly…

UK financial services regulators have asked bank chief executives to sign up to and largely pay for work to improve regulatory data collection. The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) last week wrote to bank chief executives explaining their plans for transforming data collection, which regulators expect will deliver integrated reporting,…

The European Securities and Markets Authority (ESMA) will look at potential risks in neo-brokers' business models after MEPs raised concerns about payment for order flow (PFOF), short selling and market abuse. Tuesday's ECON session at the European Parliament was dedicated to discussing the GameStop market event and its impact on EU markets. Steven Maijoor, ESMA's…

The latest episode of RegCast is available now! RegCast 2 covers the UK’s fast moving political and regulatory review process, the key questions they are addressing, and what they are likely to mean for regulators, regulated and their customers. The group discusses past choices and explores the implications of digitizing the future regulatory framework including…

JWG RegTech Beacon 27 published

RegTech Beacon – Guiding your way through global regulatory storms. 2021 is off to a fast start with regulators redoubling their efforts to police a more digitally enabled market. In this Members newsletter we provide an overview of what JWG has been up to and what lies ahead. Topics covered: New themes for RegCast. We summarize our research on emerging global digital regulatory themes and…

The number of cyber incidents at UK banks, asset managers, wholesale brokers and exchanges rose from 21 in 2019 to 55 in 2020, a 161.9% increase, according to the Financial Conduct Authority (FCA). The disclosure was made in response to a request under the Freedom of Information (FoI) Act. Asset managers, wholesale brokers, platforms and…

London – 2 February, 2021 – JWG, the trusted financial services regulatory intelligence company, today announces the launch of RegCast, a series of podcasts designed to contextualise the strategic issues in play, within the noisy, and digitizing financial services marketplace. The first episode, 2021 Retail Madness, Digitized Markets and Future Regulatory Responses focuses on what GameStop means to…

It has been a very busy 2021 and it is a very noisy financial services regulatory marketplace. JWG is pleased to be helping to contextualise the strategic issues in play with a new podcast series called RegCast which you can access here.   So what is RegCast? RegCast is an industry spotlight on the business…

Many UK firms are far from fully compliant with the Market Abuse Regulation ( MAR) applied in July 2016, requiring the Financial Conduct Authority (FCA) to continue its supervisory visits to check firms' progress. More than four years into the regime, FCA supervisors still find basic flaws in firms' systems and controls, including poorly calibrated…