By Corrina Stokes  RegBeacon illuminates the path for JWG’s third decade  It is with pride that we publish the first update from our third decade of working collaboratively to enable better, faster, cheaper and safer regulatory change within Financial Services.  It is staggering to step back and look at the breadth of our research agenda. Last year we dove into AML,…

By PJ Di Giammarino, CEO JWG   Key points: In 2019 JWG tracked 204,469 pages with 60 million words on FS regulatory reform 8 RegTech discussions require senior management attention now and will be debated under Chatham house rule with audience Q&A 6+ regulators, 12+ firms and 8 tech SMEs will debate winning strategies and…

By PJ Di Giammarino, CEO JWG and Chair RegTech Council   Key points: Regulators are being hampered in their risk oversight duties by poor data quality and over £100m in fines were issued in 2019 for poor reports EU and UK regulators are out in front of global efforts to correct the rocky start on…

By PJ Di Giammarino, CEO JWG and Chair RegTech Council Key points 10 January marked the first day of 5MLD in the EU with new UK procedures announced JWG has been out in front of tough new UBO data quality requirements RegTech offers exciting opportunities to reduce operational pain and increase safety The RegTech Council…

RegTech: the new lifeblood of compliance

By PJ Di Giammarino, CEO JWG Group and Chair of the RegTech Council In the aftermath of the global crisis, financial regulators rushed to implement complex rules without having a complete view of their consolidated impact and how the technical infrastructure of the industry would have to respond to their new demands for data. After…

JWG RegTech 2.0 conference - Regulators, regulated and leading technologists to explore winning strategies for top 2020-2021 issues   London, 6 December 2019 - JWG is pleased to announce that its 5th annual RegTech Conference will be held on 7 February 2020 at the Gouman Tower Hotel in the City of London.    At a crucial point of inflection post financial crisis the Financial Services sector faces 374 new legal challenges. New JWG research has revealed low levels of awareness to key shifts in the regulator’s RegTech framework. Specifically:    Enabling market ecosystems. New global RegTech/ SupTech policy initiatives    Infrastructure risk. FSB, FRB, BoE focus on cloud…

Our industry has gotten serious about its approach to climbing the RegTech mountain. Are we sprinting yet? Certainly not, but the course has become much clearer, the participants much more engaged and the contestants in it for real benefits. Public and private sector boards are at a crossroads – but by and large, we are…

Your Board’s RegTech agenda

5 quarters ago I was pleased to report that the industry had taken an important step out of base camp.   On the eve of our 2019 conference it is clear that regulators, firms and the vendors which support them have all continued up the RegTech mountain, but we are at a crossroads.  New demand mounts from all…

2019: Getting real about RegTech?

As we enter the year in which we will celebrate the 10th birthday of the G20 plan to make our financial services sector safe the agenda for compliance and how it leverages RegTech is being reset at a board level by many financial services actors in parallel. This article explores 5 drivers for RegTech 2019…