RegTech Search

…RegTech community, events, partners, hubs and groups were an unparalleled resource for the global community looking to keep up to date with fast-moving regulation. Best AI-Powered Compliance RegTech (UK) –…

…a boost to digital ID and reforms to the Information Commissioner’s Office (ICO). “We will continue to work with industry to enhance the UK’s international competitiveness and world-leading sustainable finance…

…citing that MiFID II will include rules on this in any case. The Treasury Select Committee are expected to be questioning the FCA on their recent actions in coming weeks….

…done was as big of a challenge as deciding on how to do it. It will come as cold comfort, then, that the FT went further than this in an…

…enter the unknown waters of market competition. We look forward to the innovations that will result. But we also note that, by introducing new competition, along with a large amount…

Last Friday, the Irish EU Presidency published a new draft compromise of MiFID II. The resulting piece of legislation includes several new additions but preserves – without exception – the…

JWG analysis. While the US HFT debate rages and the FBI launches its investigations, Europe is quietly preparing to set a hard-hitting set of new rules for technical standards. When…

In this session, PJ Di Giammarino will lead a discussion to brief the industry on the RegTech Council’s ESG efforts and solicit input on the objectives for a 1 day…

…until July 1, 2014 while the registration portal to register as a PFFI or a deemed-compliant FFI is now expected to open on August 19. Additionally, as part of the…

In this session, PJ Di Giammarino will facilitate the RegTech Council’s ESG efforts to solve the use cases agreed for the 1 day hackathon.

In this session, PJ Di Giammarino will facilitate the RegTech Council’s agreement of the use case(s) for the 1 day hackathon on 8 November….

In this session, PJ Di Giammarino will facilitate the RegTech Council’s creation of a use case(s) preparation pack for the 1 day hackathon on 8 November.

In this session, PJ Di Giammarino will facilitate the RegTech Council’s team and tooling approach for the 1 day hackathon on 8 November.

…overlap with EMIR’s trade reporting regime. “Investment firms shall have responsibility for the completeness, accuracy and timely submission of the reports which are submitted to the competent authority ”. Although…

…7, 2017, the 3rd COST Conference was held on September 6, 2018, and the 4th AI Conference was held on September 5, 2019. All lectures are open to the public….

…required, to be published on commodity derivatives markets or spot markets for the purposes of determining inside information regarding commodity derivatives and of triggering the prohibitions for insider dealing. Reponses…

…action against VASPs that failed to comply with their obligations. Travel Rule According to our previous article, Virtual Asset Service Providers (VASPs) have until September 1, 2023, to ensure compliance…

JWG analysis. It seems you can’t open a paper these days without reading that a financial institution is being fined for some discretion, controls failure or mismanagement. This stark reality…

…which risk models will have to become a priority for firms before the CRD/CRR comes into force in January 2014. The consultation is open until 11th June 2013. [nktagcloud single=yes]…

…yet another step in the global movement towards increased control on algorithmic trading. In the paper, SEBI proposes several suggestions for comment by all stakeholders on potential new measures. Algorithmic…

The Foreign Account Tax Compliance Act (FATCA) has become infamous for its unintentionally damaging effect on the average American expat, as many foreign financial institutions (FFIs) attempt to mitigate their…

…way so that both buy and sell side institutions can prove compliance. Rules are updated and maintained on an ongoing basis and in accordance with individual business footprints; a welcome…

…that it compromises market safety is becoming more widely accepted. Under the auspices of MiFID II, the EU looks set to build on the German HFT act and go further…

On Wednesday 14 September, the EU Financial Affairs Sub-Committee heard evidence from Mr. Simon Gleeson, Partner at Clifford Chance, and Mr. Peter Snowdon, Partner at Norton Rose Fulbright, for its…

…realisation that market abuse conducted anywhere within interlinked markets would have a significantly wide impact. With this new regulation – and its corresponding fines – two main questions have arisen…

…seeks to address SFTs’ complex and opaque nature through increased transparency of these products to allow clients a more accurate assessment of where to invest and how to decrease risks…

…or RRMs are in compliance. The tension has been rising and, now that the reporting door has opened, ACER will be watching closely to see who is playing ball. There…

JWG are pleased to announce the launch of an independent benchmark survey {link} investigating the approach asset managers are taking to transform their operating models to be MiFID II compliant….

…great news is that firms have an opportunity to leverage new, open-source models to power their controls at the point of execution with better data, logic and reference code. But…

Following a great discussion about the major surveillance AI control gaps highlighted by JWG’s July research the FATF and BIS have both published complementary AI policy papers.   With penalties…

…up with a rapidly changing compliance landscape. RegTech-dependent obligations are being baked into policy which presents firms an opportunity to comply with these new rules in better, faster and cheaper…

At JWG’s annual conference, panellists agreed that the financial services sector has an opportunity to leverage its newly deployed common domain model to scale trade surveillance controls, making the system…

At TSS 27 financial institutions agreed that there was an opportunity to scale trade surveillance controls by creating new ‘Digital Surveillance Rules’ (DSR). This meeting is to discuss the use…

…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…

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,…

…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 critical differentiator for senior management…

…7. Dubai Commodities Clearing Corporation – DMCC Dubai 8. Fixed Income Clearing Corporation US 9. Hong Kong Securities Clearing Company Ltd. Hong Kong 10. ICE Clear Canada Inc. Canada 11….

…tipping point 2015 trends The KYC landscape Regulatory update: new news from Frankfurt MiFID II – what to expect in 2015. We’ve also written a recap of the 40+ documents…

…and over 170 senior executives. Therefore, we feel equipped to collaborate and contribute to the discussion on transforming regulatory compliance using innovative, new technologies. In the recent Feedback Statement from…

The International Organization of Securities Commissions (IOSCO) has published a report on market outages, including good practices for managing them. An IOSCO survey found 42 market outages on listed trading…

…divisions leading up to the final reporting stage. So firms will have to get their heads around this completely new tax regulation, with – so far, at least – very…

…to be answered by 1 August. While not comprehensive, this will help describe three issues that should be on your checklist: context, identification and linkage. Context. The problem with comparing…

The Office of Compliance Inspections and Examinations (SEC, FINRA, NYSE) has released an assessment of 19 firms regarding their controls to prevent misuse of material, non-public information. While not legally…

…hope for. But, given that commercial interests are at stake, and competitive forces prevail, even industry consensus will be hard to establish. So for the time being, all that can…

…of the CFTC’s Technology Advisory Committee earlier this week noted that regulators are still prioritising feedback from market participants to determine at a high level which areas will have the…

We are pleased to publish the latest copy of our newsletter, RegBeacon. In this edition we look back on a quarter that saw us host a successful conference on RegTech…

…ESAs to Jonathan Hill, the European Commissioner for Financial Stability, Financial Services and Capital Markets Union, on 26 January 2016. So, what is cross-selling? Cross-selling is a common strategy used…

…success Who. Having regulators at the table creates the conditions for effective dialogue across technical, operations, legal and compliance SMES Language. RegTech requires clear, common and agreed interpretations about who…

…only hope is to align the herds and use new RegTech as the bridge to deliver on the politicians’ ask… before it is too late. If the actors come together…

…unique product identifier (UPI), also required to map individual components of pooled securities, give regulators a complete lifecycle view of the products and, ultimately, aggregate and compare that data. As…

…necessarily mean that other, interdependent regimes have also been postponed. And this will complicate the landscape still further. The Market Abuse Directive and Regulation (MAD/R) deadline, for example, remains July…

…risk. Some progress is being made, and the FSB has said that “banks have begun to develop issuance strategies to meet new total loss-absorbing capacity requirements, and national regulators are…

…deemed justifiable, and managers cannot invest in undertakings that could potentially compromise their ethical mission, for example, investing in the weapons industry. In terms of a SEF’s portfolio composition, at…

JWG analysis. Derivative contracts are not a financial innovation of recent decades, allegedly coming into use around 1700 BC in ancient Mesopotamia. On 16 August 2012, a new chapter in…

…legal certainty but getting corporates and the buy-side to sign up is difficult without a comprehensive education and outreach strategy. As an example, on 1 August, several days after major…

JWG co-hosted a webinar earlier this week, along with Banking Technology and the DTCC, examining the recently launched EMIR trade reporting regime. The conversation tackled a range of issues, including…

…the Regulation itself, competent national authorities were required, by 17 February 2013, to have laid out their penalties for breach of Articles 4, 5 and 7-11 to the Commission. The…

…must be transacted on SEFs will introduce new precedents for Europe’s trading mandates, set to come in to force via MiFIR in 2016. Most importantly, steps taken by the CFTC…

…group undertakings. While the legislation mostly concerns the rights of resolution authorities to enforce special insolvency processes on these firms if they fail, with power comes the need for resolution…

…designed to combat money laundering and terrorist financing under AMLD III. Investment-based crowdfunding platforms can have a different regulatory status. Some are within the scope of MiFID, others fall into…

…products and services are sufficiently knowledgeable and competent, so that clients can safely rely on the advice or information being provided“. The guidelines on knowledge and competence that ESMA is…

…Manipulation (CSMAD) are 77 pages combined. Initial analysis suggests that a number of revisions have been made from the preliminary Commission proposal documents which our analysts will be having a…

…article for Thomson Reuters’ Complinet, JWG’s CEO, PJ Di Giammarino, was recently quoted as saying: “There is a fair amount of concern within regulatory circles that the regulators themselves can’t…

We are pleased to publish the latest copy of our newsletter, RegBeacon. In this edition we look back on a quarter that saw us take major steps forward with our…

…of the SMR [Senior Managers Regime] and the Certification Regime to areas of fixed income, commodity and currency markets. We would consult as appropriate on any extension of the new…

Regulation is coming thick and fast. With predicted document count of 200,000 by 2018, dealing with the deluge in a page-by-page, regulation-by-regulation approach is becoming impossible as G20 commitments spread…