Listen to the Podcast here Central Bank Digital Currencies (CBDCs) are now under central bankers’ microscopes as they explore ways to improve digital commerce, reinforce systemic resilience and preserve the foundational role of fiat money in global finance. Emerging technology for digital identities, fraud detection and other elements of a robust payment solution can be…

Last week, over 30 organizations including regulators, global financial institutions, trade associations and vendors met under the auspices of JWG’s Regulatory reporting special interest group (RRDS). In this 27th meeting on regulatory reporting the group examined the feasibility of integrating prudential/statistical ‘top down’ or more aggregated reporting (e.g., CRR 430C, ESG) and ‘bottom up’ or more transactional data collection (e.g., EMIR, MiFID, CSDR). So far…

  By Priya Kundamal, DTCC The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal. Market disruptions often spur change. In response to the 2008 Global Financial Crisis, one of the G20 reforms was to mandate the reporting of…

Last week marked a key turning point for the derivatives industry as it moves towards aggressive implementation deadlines for regulatory reporting on either side of the Atlantic.   After a decade of international regulatory reporting the sector is marshalling resources to meet new CPMI/IOSCO implementation mandates for newly standardized common data elements.   A poll…

Sponsored by Accountability is a theme that has been on the industry's to do list since the Great Financial Crisis. Five years since new senior management regimes started rolling out, global regulators are already raising the bar to include front-office culture audits which apply behavioural science to new culture and conduct measurement. New JWG research…

Why attend for Sponsors Why attend for Delegates   We are proud to announce that our 6th JWG conference on will take place on our expanded digital platform with tons of new ways to interact with the leaders and help shape the global debate. We are finalizing the agenda now so please let us know if you would like to…

UK banks' annual reports show an emerging understanding of operational resilience that emphasises business continuity planning and conflates pandemic performance with high operational resilience. Banks have asked regulators for more guidance on what they want operational resilience work to look like. That safe harbour will not be forthcoming, and firms need to work on evolving…

The UK's Financial Conduct Authority (FCA) Markets in Financial Instruments Directive II "quick fix" consultation signposts issues for further consultation as the onshored regime evolves post-Brexit. At the same time, the paper alerts industry to further consultations — at least two more from the FCA this year — including one contemplating the consequences of Libor…

In an increasingly digital sector with divergent rule sets, the ability to manage the global compliance deltas in complex senior management accountability rules  is fast becoming a critical differentiator for senior management seeking to work across borders.   As we summarized in our latest Beacon, JWG’s surveillance community has covered quite a patchwork of regulatory obligations…

Newsflash: RegCast 7 – Democratized MiFID III?

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We are pleased to release our 7th RegCast today. Cries for faster, better, and cheaper access to financial services by millions of investors have shaken the markets this year. With advice out of reach for most individuals racing into the markets, they are placing risky bets which are poorly understood. In this episode, Jackson Mueller, Seccurrency,  Sam…