RegTech Search

…settlement, clearing and other business needs.” This makes it possible to encapsulate the data transformations required for daily regulatory reports and link them to ISO standards which have been mandated…

…Made Available to Trade determinations set out via Dodd-Frank) and setting waivers for non-discriminatory access to trade feeds, clearing infrastructures and benchmarks (determining exactly how and when certain siloed infrastructures…

…to understand also on whom this liability will fall. Dividing the participants into four general types, you have: Trading firms Clearing firms and DMA providers Venues ISVs and other ‘mission…

…their services and obligations, looking beyond a secondary site. For example, if a CCP loses its liquidity and is unable to provide clearing services, who should it turn to? Surely…

HM Treasury and the Financial Conduct Authority (FCA) have used FinTech Week to set out their regulatory support plans to make Britain more attractive to the financial technology sector. Rishi…

…persons (AT persons) who use ATSs with contracts traded on DCMs Futures Commodity Merchants (FCMs) operating as clearing members for some AT persons DCMs when AT persons execute Algorithmic Trading…

…were live, regulators, the Depository Trust & Clearing Corporation (DTCC) and others in the industry had identified derivatives data fragmentation issues and began raising awareness of the need to implement…

…II is clear that a “collective investment scheme” or its manager, which is a Non-Clearing Member (NCM) of an EU trading venue, is subject to article 17. Article 17 implies…

…investor demands by increased reporting. In the financial markets the mist is now clearing over climate disclosure, with increasing FIs reporting their climate performance of their portfolios and even setting…

…comfort on the counterparty classification and portfolio reconciliation side. Perhaps most importantly, ESMA has clarified that firms cannot benefit from the intragroup exemption to the clearing rules unless both counterparties…

…be considered for commercial purposes? Q222. Do you agree that the future Delegated Act should not refer to clearing as a condition for determining whether an instrument qualifies as a…

…their compliance strategy. Examples of other domains would be the application of distributed ledgers and smart contracts to clearing and settlement rules, or the use of big data and artificial…

…been another cornerstone of the Dodd-Frank Act. The reforms have comprehensively regulated the derivatives markets by moving the market towards central clearing and exchange trading and shedding some light on…

…across the European marketplace as NFCs move above and below the clearing thresholds. What’s worse, even if one finds some information on registration it is likely to reference another contingent…

…pledged to “work in a coordinated manner” to accelerate efforts to mandate transparency for clearing through CCPs by “end 2012 at the latest”. That moment is now upon us, and…

…nature of a firm’s trading – and its relationship with its general clearing members (GCM)/futures commodities merchant (FCM) – may provide a workable alternative (e.g. going down the CfDs/swaps route)….

…clearing, margin allocation, trade execution and direct access. It also has the effect of changing the definition of U.S person, which will broaden the scope of what entities fall under…

…central clearing and risk mitigation requirements apply to any third country firm trading with an EU entity as well as trades purely between two third country entities where such trades…

…with a successful test submission of data to the Depository Trust & Clearing Corporation’s (DTCC) swap data repository (SDR). Paribas and other top-tier firms will complete their CFTC rewrite implementation…

…for global execution and clearing venues. He was quick to point out that the results will not be immediate and the CFTC staff is busy ‘engaging’ with global regulators to…

…confer the right balance of rights and obligations when it comes to trading, clearing, settlement or IP associated with platforms, processes or market/reference data provision. The critical role for RMs…

…(CFTC) regarding central counterpart clearing of derivatives, thereby allowing US firms to provide such services in Europe.[4] There are, however, a number of limitations to equivalence. Firstly, the scope of…

…the Depository Trust & Clearing Corporation’s (DTCC) swap data repository (SDR). Paribas and other top-tier firms will complete their CFTC rewrite implementation and go live with DRR on December 5….

…now associated with ‘equivalence’. To begin with firms themselves, of the six key requirements under EMIR, four are declared conditionally equivalent (clearing, timely confirmation, portfolio reconciliation and portfolio compression), one…

…Regulatory Initiatives Grid as “Complete the implementation of the European Market Infrastructure Regulation (REFIT) to improve trade repository data and ensure that smaller firms are able to access clearing on…

…of legal and technical challenges to overcome in order to comply with both. Trade reporting, risk mitigation, collateral allocation and mandatory clearing requirements all contain different definitions, rules and legal…

…every footnote, definition and potential bear-trap, clearing the way for a common understanding of what regulation means to the business flows. Doesn’t typically worry too much about sizing the change…

…of recognised trading venue (remember this now includes a much wider scope) and firms acting as general clearing members. And yet, it is not at all clear whether these controls…

…evolve, with new regulatory requirements coming into effect around the world, firms are confronted with a patchwork of standards around clearing, trade execution, processing and reporting requirements. It’s not just…

…indirect clearing arrangements; authorisation of investment firms and notification of acquisitions; or conduct and information requirements for distributors of insurance-based investment products. It has also published in-depth reports into the…

…each jurisdiction must also adapt its framework on product disclosures, trading venues, money laundering, client assets, clearing, settlement and a whole raft of issues for which there is unlikely to…

…been given a shot in the arm in form of guidance questions (image below) aimed at clearing the uncertainties surrounding the implementation of the Travel Rule. Source: Box 2.2 of…

…house rule on 11 March 2016 to frame the thinking about the what it will take to successfully lay the foundations and build the domains as summarised in this article….

…significant U.S. regulatory focus, said a senior UK market abuse compliance official speaking at a conference held under the Chatham House rule this month. JP Morgan announced last week that…

Minutes from a 17 June Chatham House rule discussion of a new framework to tackle risk data collection challenges in the digital age in the context of the EBA’s discussion…

…to individuals identified on other firms reports. Whereas if it’s [populated with] the head of equities for one million reports a day from a high-volume house, that is of no…

Minutes from a 14 December Chatham House rule discussion of the problem statements for the next generation of regulatory reporting and a fresh look at the broader frame for SupTech…

…EMIR reporting with MiFID reporting to minimise the amount of resource that needs to be kept in-house. However, there are two main issues with this: Firstly, where EMIR reporting is…

JWG presentation and facilitation materials for Chatham house rules discussion with Regulators, Financial Institutions, Accademia and the Supply chain covering: 1.Introductions 2.Overview of global and EU regulatory reporting strategies in…

…recommendations made by the White House, consequential changes include reforming the Volcker Rule, specifically its compliance burden and market-making restrictions, as well as changes to the capital regime that would…

…disparate contracts over time – it might even be possible to assemble a viable solution out of what is already in-house. Typically, such firms will be building outwards from a…

Minutes from a 16 September June Chatham House rule discussion of the priorities and approach to organizing a multidisciplinary discussion on a fresh look at the broader frame for SupTech…

…(CP50 and CP51) asked for the removal of the Counterparty Sector fields, arguing that NACE codes cover that information. However, as the EBA notes, general governments, international organisations and households…

…House speech that, as a result of the FEMR, the SMR should apply to all participants in the wholesale FICC markets. And if it applies to the FICC markets, why…

…Personnel identification: Dodd-Frank large trader reporting, and now MiFID II, require reporting on traders. How can this information be accurately collected and maintained? Accordingly, our next Chatham house rule workshop…

Minutes from a 14 June 2022 Chatham House rule discussion of the problem statements for the next generation of regulatory reporting and a fresh look at the broader frame for…

…more market transparency and prudential oversight in the next 36 months. As noted by the FCA in the annual Mansion House speech, the bills for these new reports are huge,…

Minutes from a 13 October 2022 Chatham House rule discussion of the problem statements for the next generation of regulatory reporting and a fresh look at the broader frame for…

Hong Kong is a global financial powerhouse, being the regional hub to most of the world’s major international and regional banks, securities firms, insurers and asset managers; the Greater Bay…

…key role in strategy setting. In our view, building on the true ‘partner’ identity, operational risk should be front of house … not seen as a support function. It may…

…run the risk of poor data quality (which will be no help for anybody). To quote the White House “Although all states currently make some basic information available through public…

…integrally transfer them to alternative providers or reincorporate them in-house.” Just as critically, it also demands the maintenance of a register for contractual arrangements with ICT third-party service providers. We…

…say well there is a fee as of the first of January 2023,” said a senior banking figure at a conference held under the Chatham House Rule. “The majority of…

Minutes from a 5 October Chatham House rule discussion of the foundational building blocks for the next generation of regulatory reporting and a fresh look at the broader frame for…

We have a great collection of EU, UK, US and Asia Pacific regulators registered to join in our Chatham house rules discussion of integrated reporting with top firms and technology…

…currently drafted. Dealing with these issues requires firms to closely follow the development of legislation, which can be difficult for those without an in-house government affairs department or even, in…

…possibly” remain within the European single market. Before Christmas, the House of Lords published a paper on the potential impact of Brexit on the financial services industry. The paper covers…

…an independent regulatory think-tank will facilitate a Chatham house rule dinner with select industry experts to discuss findings from a 20 page research report “Managing Digital Infrastructure Risk: A collaborative…

…company. Regulation YY incorporates enhanced capital planning, stress testing and risk management requirements as a way of ensuring that firms can continue to lend to households and businesses even in…

…HR, compliance and the in-house legal teams work overtime in order to be ready. Bridging the gap The SMR requires a number of steps to reach full compliance. The first…

…Is it really worth developing an antiquated system even further? Just image if companies or households retained their computers from the 1980’s by sticking new upgrades to them? The industry…

…engine that can be configured in-house, the system is able to comply with existing Know Your Customer (KYC) and regulatory demands including MiFID II, DFA and EMIR. By implementing iMeta…

…blockchain in greater detail at our Data and Security SIG (DSS), which will bring together senior managers from the buy-side, sell-side and technology firms under the Chatham House Rule. If…

…is registered at Matrix House 12-16 Lionel Road Canvey Island Essex SS8 9DE. We share information within this group because these entities also carry out support, marketing, account management and…

…is registered on the UK corporate register, Companies House. The site has since been taken down but it was not on the FCA warning list. BaFin and the FCA have…

…15+ people will dive into AMLD V RegTech use cases:​ Discuss latest status with FCA TechSprint & Companies house interaction​ Review conclusions from the RTC registry survey and implications for…

…as a ‘RegTech commons’ for the market to take off. We assembled top technologists from 14 leading firms with the FCA under Chatham house rule on 11 March 2016 to…

After conducting over 50 interviews with firms, regulators and their suppliers, JWG has focused FINOS’ regulatory-driven open-source opportunities into 3 broad regulatory buckets: post trade regulatory and market transparency; digital…

…participants for an open, frank discussion under the Chatham House Rule and look forward to continuing the debate at our RegTech special interest groups. Want to contribute? Contact events@jwg-it.eu. Want…

…some already laid out in the UK’s Economic Crime (Transparency and Enforcement) Act, but with more changes due in a second bill that will see reforms to Companies House in…

…like Glassdoor, Trustpilot, Corlytics andViolation Tracker provide a far clearer picture of what actually happens than the in-house systems version does,” he said. ESG, diversity and inclusion concerns Monitoring employees…

…mergers and acquisitions resulting in hundreds or thousands of places where information on the customer can be housed, shared and used for a variety of purposes. The net effect of…

In this session, PJ Di Giammarino will discuss what it takes to get open standards fit for regulatory purpose. He will cover lessons learnt from JWG’s highly successful Derivatives DRR…

…a plethora of operational difficulties for firms who often lack coherent data strategies and centralised data houses. Many firms still rely on ad hoc data sources and Excel spreadsheets to…

…e-mail at Corrina.Stokes@jwg-it.eu or by post at JWG-IT Group, Matrix House, 12-16 Lionel Road, Canvey Island, Essex SS8 9DE; or to you at either the e-mail or postal address you provide….

…or failure rate the FCA had seen when taking on a new remit, the FCA said. The FCA told the House of Commons’ Treasury Committee that while vetting crypto firms…

…a balance to be struck between bespoke solutions and in-house data management. But regulators must play their part too if the drive for innovation and standards is to come to…

…under MiFID II, it appears that 100% are planning to do their own reports. Many of these buy-side firms are planning to build systems in-house and from scratch. Furthermore, in…

…extensive, in-house IT infrastructure to adaptable, external services on a pay-as-you-go premise gives scope for firms to sculpt and develop business proposals in a new light. There’s still a way…

…Chatham House rule, uniting Directors, programme managers and regulatory SMEs from the sell-side, buy-side and vendors to understand how RegTech can help solve for regulatory challenges, large and small. Today,…

…of new technology (see slide below) We engaged Companies House and the FCA RegTech teams on 30 January to discuss how to frame the project (documented in the attached 1…

…and plans under Chatham house rule. The meeting will cover the new BoE plan to transform data collection from the UK financial sector (23 Feb). This will be a great…

…of the latest principles/ guidelines   Join in our independent, Chatham house rule debate to have your say and help steer a path to safe implementation by emailing Corrina.  …

…get into spats about regulatory turf? Politics. Various House committees have a long history of conflict and we’ll leave it there.   Former CFTC commissioners have noted that there is…

…solutions. Can current CDM DRR efforts catalyze a new, global SupTech data strategy? Join us for a discussion under Chatham house rule to offer your views on how best to…

…while the firms had consultants looking at MiFID II implementation, they had not yet allocated the significant number of in-house experts needed to manage the implementation fulltime. One major firm…

13 May minutes from a Chatham House rule discussion of a new framework to tackle risk data collection challenges in the digital age in the context of the EBA’s discussion…

…through secondary legislation. It was recently read for the second time in the House of Lords, along with an initial draft of this more detailed secondary legislation outlining key details…

…to collaborate with other stakeholders — regulators, vendors, firms — instead of trying to build the project entirely in house. That is a departure from regulators’ previous stance outlined in…

…better, faster, cheaper and far safer manner. We thank all the participants for an open, frank discussion under the Chatham House Rule and look forward to refining the positions and…

…dollars. United States (US) In the United States, stablecoin debates picked up pace with the US House Committee on Financial Services on February 8th, 2022 holding a hearing[6] where they…

…MiFID II have instead chosen to close down their dark pools and join consortia like Plato Partnership. Plato Partnership, a consortium of asset managers and brokerage houses, is taking on…

Minutes from a 5 November Chatham House rule discussion of the foundational building blocks for the next generation of regulatory reporting and a fresh look at the broader frame for…

New consultations were released last week which could have a major impact on communications surveillance. Time to book your seat at the next Chatham house rule JWG RegTech Trade Surveillance…

…their regulatory change management as a whole, but most appear to be keeping issues such as research, trading and client management in house at present. This may be because in…

…JWG RegTech Capital Markets Conference, 7 March 2018 [3] https://regtechfs.com/a-new-paradigm-for-regulatory-change-and-compliance/ [4] There is currently a review taking place in the House of Lords in terms of how regulation is written….