A spotlight on the business impact of digital regulation

Episode 20
Disrupting compliance

Available on all major podcast platforms, including:

Listen

Our 2021 wrap-up shines a spotlight on controls and the compliance function as the next wave of technology and data-centric obligations forces a move to digital  controls.

Market turmoil, transparency demands, surveillance and operational resilience have all led regulators to demand that the control problem be fixed. However, JWG research has shown that the control infrastructure is more likely to keep senior managers awake than allow them to sleep at night.

Financial Services firms have received hundreds of millions in control failure fines which are often an aggregating factor when the regulator is looking at the way business is conducted.

There has been an explosion of detailed control requirements and with JWG’s current tracking scope we find 1 alert every 2 minutes which triggers impact assessments for thousands of people within a single firm.

JWG has long argued that we need joined up thinking across the back office tribes to create a common golden source backbone that drives model-based compliance. However, legal, operations, risk, data and compliance need solutions which can be relied upon to produce a transparent audit trail, not a black box.

Shifting to model-based controls will fundamentally change the way firms and their suppliers think about compliance.

Gavin Stewart from Grant Thornton, Rachel Wolcott, Thomson Reuters and Robert Cruz, Smarsh  debate what this change will look like, what it means and what they would like under the tree in 2022!

Additional resources:

  • To join the JWG Trade Surveillance special interest group, email Corrina
  • Access the JWG Surveillance LinkedIn here or Trading here
  • To create your own JWG RegTech Intelligence Hub, sign up here
  • To register for JWG’s 16/17 November 2021 conference, see here

More RegCasts on digital compliance 

  • RegCast 17: Digital compliance here
  • RegCast 15: Implementing RegTech control solutions here
  • RegCast 10: MiFID III & Digitalizing Markets here
  • RegCast 12: NextGen SupTech reporting here
  • RegCast 6: Digitizing derivative reporting with DRR here
Speakers and Guests
Listen

Download MP3 Audio
Latest Episodes
Episode 7
Market Watch 69 & RegTech

Aired on: May 24, 2022

Episode 6
Economic crime & RegTech plans

Aired on: May 10, 2022

Episode 5
Protecting Digital Asset Investors

Aired on: March 17, 2022

Episode 4
Managing Digital Asset risk

Aired on: March 15, 2022

Episode 3
Trading Digital Assets on TradFi rails

Aired on: March 11, 2022

Episode 2
Good digital surveillance

Aired on: March 4, 2022

Episode 1
Top 5 RegTech themes 2022

Aired on: February 4, 2022

Episode 20
Disrupting compliance

Aired on: December 10, 2021

Episode 19
Digital supply chain transparency

Aired on: November 12, 2021

Episode 18
Digitizing Compliance’s many dashboards

Aired on: November 5, 2021

Episode 17
Digital compliance

Aired on: October 28, 2021

Episode 16
Staying in control of a digital age

Aired on: October 15, 2021

Episode 15
Implementing RegTech control solutions

Aired on: October 15, 2021

Episode 14
Episode 13
RegTech from horizon to controls

Aired on: October 7, 2021

Episode 12
NextGen SupTech reporting

Aired on: September 28, 2021

Episode 11
Episode 10
MiFID III & Digitalizing Markets

Aired on: July 29, 2021

Episode 9
Approaching the CBDC border

Aired on: June 29, 2021

Episode 8
Episode 7
Democratizing markets

Aired on: April 27, 2021

Episode 6
Episode 5
Episode 3