RegTech IntelligenceWith only 6 months left to deliver compliance with Europe’s Digital Operational Resilience Act (DORA), financial entities and their suppliers face a myriad of new ICT risk management, testing and reporting obligations. Governance, policies, incident logs and contracts need to be recalibrated to new standards which vary based on business models. 22,000 entities are getting
The landscape of financial regulations is evolving rapidly, with new technologies paving the way for unprecedented opportunities. We invite you to join us on June 28th, 2024, at 13:00 GMT for a webinar titled, “How RegTech Helps FinTech Eat BankingTech.” Register here Webinar Highlights: Expert Insights: Hear from PJ Di Gammarino, a pioneering RegTech founder,
RegTech-dependent obligations are being baked into policy which presents firms an opportunity to comply with these new rules in better, faster and cheaper ways. Cloud, data and AI technology are moving fast and offer opportunities for RegTech innovation.
RegTech-dependent obligations are being baked into policy which presents firms an opportunity to comply with these new rules in better, faster and cheaper ways. Cloud, data and AI technology are moving fast and offer opportunities for RegTech innovation.
RegTech-dependent obligations are being baked into policy which presents firms an opportunity to comply with these new rules in better, faster and cheaper ways. Cloud, data and AI technology are moving fast and offer opportunities for RegTech innovation.
Billions will be spent as ‘how’ operations are conducted is pulled into scope for all FS actors. In this conference, leading TradFi and DeFi SMEs will articulate the key challenges of connecting fast moving 2024 regulatory demands to better, faster, cheaper and safer RegTech that can align shareholder, customer, firm and regulatory interests.
Public and private sectors are finding a path through the jungle of compliance to safe code. New public/private coalitions, new mandates and new ways of working are required. In many ways it feels like 12 years since we started talking about the need for RegTech, it is now more a subset of the Banking Tech
1,000 visits to the JWG Annual Conference site are keeping the conversation alive. There is still time to listen to the all-star debate, participate in the debates and help set the 2022 RegTech agenda. 2021 Annual conference On the 16th & 17th November, JWG held its 6th annual and its 1st virtual global conference, where
The European Securities and Markets Authority (ESMA) will look at potential risks in neo-brokers’ business models after MEPs raised concerns about payment for order flow (PFOF), short selling and market abuse. Tuesday’s ECON session at the European Parliament was dedicated to discussing the GameStop market event and its impact on EU markets. Steven Maijoor, ESMA’s
London – 2 February, 2021 – JWG, the trusted financial services regulatory intelligence company, today announces the launch of RegCast, a series of podcasts designed to contextualise the strategic issues in play, within the noisy, and digitizing financial services marketplace. The first episode, 2021 Retail Madness, Digitized Markets and Future Regulatory Responses focuses on what GameStop means to
It has been a very busy 2021 and it is a very noisy financial services regulatory marketplace. JWG is pleased to be helping to contextualise the strategic issues in play with a new podcast series called RegCast which you can access here. So what is RegCast? RegCast is an industry spotlight on the business
JWG is thrilled to announce the 5th annual installment of its premier conference the “RegTech 2.0” which will be held on 7th February 2020, in the City of London. We are proud to say that over the past 4 years our Conference has continued to receive fantastic positive feedback, becoming a hallmark event featuring on such
Round the table: Firms: Barclays, BNP, Credit Suisse, EDF Man, ING Vendors: Altergiaia, Datavisor, Grant Thornton, Lysis Regulators: FCA Independents: Mark Davies, Kumar Raju, Stephan Niermann, Samantha Sheen 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 RTC Project
The FCA have requested that for the meeting with Companies House (CH) be limited to the Citadel leaders and me as the spokesperson for the RegTech Council in December. Accordingly, we have moved our workshop on 28 November to Credit Suisse in order to get your views and comments on your ask of CH. We
Round the table: Firms: Blackrock, BNP, Citi, Credit Suisse, Deutsche Bank, GAM, HSBC, Morgan Stanley, Natwest Markets, Railsbank Regulator: Companies House, FCA Infrastructure: BvD, Ince, SEI 25 people will discuss: Align our current understanding of 5MLD registry challenges Define key challenges for the RegTech Council Agree a plan to mutualise the work required to digitize the exchange of data The
To recap, we have been working with your peer firms over the last 2 years to engage with the regulators on AML: The RegTech Council, at the direction of Barclays, Credit Suisse, BNP, Citi and other firms worked with the FCA to define the UBO use case for the global Tech Sprint last summer Team
JWG is thrilled to announce the 5th annual installment of its premier conference the “RegTech 2.0” which will be held on 7th February 2020, in the City of London. We are proud to say that over the past 4 years our Conference has continued to receive fantastic positive feedback, becoming a hallmark event featuring on such
Round the table: Firms: Barclays, BlackRock, BMO, BNP, Commerzbank, Credit Suisse, ED&F Man, GAM, Janus Henderson, Jeffries, JP Morgan, Macquarie, Man, Nomura, RBC, Santander, Scotia, Soc Gen, TD, UBS, Wells Fargo Vendors: Altergaia, Digital Reasoning, Grant Thornton, Lysis, NICE Actimize, pTools, Relativity Trace Regulators: FCA 30+ people will: Review recent conclusions from FCA review and Global AML TechSprint Discuss operating
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, TD and UBS Vendors: Altergaia, Digital Reasoning, NICE Actimize, pTools, Relativity Trace 30+ people will: Discuss the results of JWG’s Surveillance Capability model research findings Discuss the group’s view of barriers
Round the table: Firms: Avivia, BAML, Blackrock, Credit Suisse, Fidelity, GAM, Janus Henderson, Jeffries, Northern Trust, Renaissance Capital, Santander, Scotia Bank, Soc Gen, State Street, TD securities, UBS, Wells 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
With enough regulatory change to last another decade already, JWG remains committed to collaborating throughout the pandemic. We look forward to a robust on-line discussion with colleagues from Avivia, Blackrock, GAM, Itau Unibanco, Janus Henderson, Northern Trust, RBC, Renaissance Capital, Macquarie, Santander, Scotia Bank, Soc Gen, State Street, TD and Westpac. Please see the
We have a great group of 40+ registrants including: Avivia, BAML, Blackrock, BNP, CS, GAM, Janus Henderson, Northern Trust, RBC, Renaissance Capital, Scotia Bank, Soc Gen, State Street, TD, UBS and Westpac.
The FCA issued Market Watch 63 with a grave warning of post-COVID surveillance thematic or retrospective review. This confirms the expectations of many last month (minutes attached) and we are delighted to add it to our meeting’s agenda as we discuss the worked SM&CR Surveillance guidance example to define how the deliverables can help firms
We are making good progress in our 1:1 discussion of policies, controls and the availability of resources and look forward to presenting the conclusions in the context of MAR II / MiFID III. The group met to discuss current regulatory demands on global surveillance functions. It reviewed new BCBS Operational Risk principles and EBA/ESMA suitability
Round the table: Firms: Allianz, Blackrock, BMO, Citi, Credit Suisse, DB, GAM, Goldman Sachs, LBG, Morgan Stanley, Standard Chartered, UBS Infrastructure: Regnosys, Inforalgo, Business Semantics Trade Associations: ISDA 25 people will discuss: A proposal for a RegTech Council EMIR Refit interpretation project Benefits and resource commitments Key stakeholders, thresholds and next steps for the launch of Q4 project What to
Round the table: Firms: Allianz, BMO, Citi, CS, DB, GAM, Goldman Sachs, LBG, RBS, Santander, Standard Chartered, UBS Regulator: FCA Infrastructure: Regnosys, Inforalgo Trade Associations: ISDA. FIA 25 people will discuss: A proposal for a RegTech Council EMIR Refit interpretation project Thresholds and next steps for the launch of the RegTech Council project Define next steps for RRDS in 2020
The group agreed the next agenda would focus on refining the scope and understanding of the effort required from the participants. RRDS 24: UK EMIR Article 9 DRR project launch
Round the table: Firms: BMO, BNY Mellon, Citi, Credit Suisse, DB, GAM, Goldman Sachs, Invesco, LBG, Morgan Stanley, Pictet, PIMCO, Santander, SEI, TD, UBS Infrastructure: Accenture, Business Semantics, Capco, DTCC, EY, Fujitsu, LRH, LSEG, Quorsus, SETL, SWIFT Trade Associations: AFME, ICMA, ISDA, EVIA, FIA, FTC Regulators: BoE, ECB, FCA
Round the table: Firms: BMO, BNY Mellon, Citi, Credit Suisse, DB, Goldman Sachs, Invesco, LBG, Pictet, PIMCO, Santander, SEI, TD, UBS Infrastructure: Accenture, Bloomberg, Business Semantics, Capco, DTCC, Elax, EY, LRH, LSEG, Market Axess, Quorsus, SETL Trade Associations: AFME, ICMA, ISDA, EVIA, FIA, FTC Regulators: BoE, ECB, FCA 40 people will discuss: Expectations of UK OTC regulatory reporting Transparency 2.0 target
On 19 February the European Commission unleashed radical new plans to spend billions on a new data strategy which is based on a report from an expert group. Buried in the detail is a clear indication that the forthcoming digital finance strategy in Q3 will be focused on ‘pro-competitive’ regulatory data reporting standards. Conveniently
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
JWG are pleased to announce new research in partnership with MarkLogic, which shows that financial institutions are ill-equipped to deal with the data demands of new regulation. During Q4 2018, JWG conducted in-depth interviews with senior executives from 12 global financial institutions to develop the insight published in a subsequent paper titled ‘
We are now 10 years on from the crisis which began the seemingly never-ending stack of regulation that we continue to plough through. As with any infrastructure project the post-crisis regulatory framework requires renewal and repair. Regulators are revisiting reporting regimes and data standards, and are looking at the emergence of new technology, whilst at
In our previous article Trade Surveillance: restructuring the business landscape[1] we identified how holistic regulatory requirements are forcing banks to re-consider the makeup of their operational structures. Our follow-up research has revealed the severity of the situation and how the industry is reacting too slowly. Trade surveillance, if not executed correctly, can result in financial
This piece looks at the developing role of Artificial Intelligence in Legal Services. At the moment, legal AI is at the “frothy” part of the hype cycle. It’s a bit like the scene What did the Romans ever do for us? in the film the Life of Brian, but in reverse. The scene’s premise is
This piece looks ahead to what we might expect as IT law developments in 2018. Unusually as we go into a new year, the main headlines of what IT lawyers can expect in 2018 are signposted at the outset: new financial services laws in January, the GDPR in May and looking ahead to Brexit in
One of the costliest and most troublesome activities that financial institutions face is complying with regulations. With information technology having already revolutionised consumer financial products, business models, applications, processes and services otherwise known as “FinTech,” it is less well known that information technology could also be used to help financial institutions meet the growing regulatory
Since the financial crisis, we have been gifted over two Eiffel Towers high worth of complex and costly financial regulation, ever increasing in quantity and intricacy. Boards struggle to formulate their strategies to deal with regulatory-driven change to their operating models. There are answers, and now is the time to flush them out – before
Seismic decisions around the globe last year will make this year the most uncertain for future plans since the G20 agreed regulatory implementation priorities in 2009. Though the shifting tectonic plates of geopolitics will dominate 2017 headlines, the uncertainty doesn’t matter from an implementation perspective. There is an unprecedented level to change to get on
Tom Groenfeldt of Forbes has been speaking to PJ Di Giammarino, CEO of JWG, about the FCA’s recent TechSprint event and how technology can be leveraged to automate compliance. The event, which took place on the 9 and 10 of November, is part of the FCA’s broader mission, Project Innovate. This initiative has been designed to foster innovation
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 and we consider where this leaves the industry and what the next steps need to be. This quarter, despite the most serious political event the
In the post-Easter week, regulators were busy shining a spotlight on remuneration practices in the industry. We saw the EBA releasing a report looking at the high earners in EU banks and ESMA focusing on sound remuneration policies under the UCITS Directive and AIFMD. The FSB also met in Tokyo to discuss their priorities for
JWG analysis. Peer-to–peer lending has grown at a rapid rate in China over the last two years, with more than 2000 peer-to-peer platforms in operation. But the sector has been plagued by questionable sales techniques and rogue operators taking a fly-by-night approach and disappearing with customers’ funds. In addition, regulators are worried that an industry
JWG analysis. While the significant reforms of MiFID II, the BRRD, the SRM and the DGS stole the limelight on ‘Super Tuesday’, other significant legislation also made its way through Parliament. The following reforms highlight Parliament’s move to solidify consumer protection within the wider European market. These reforms, the BAD, PRIIPs KID and UCITS V
In May, the CFTC’s Bart Chilton characterised regulatory cost benefit analyses a “sword of Damocles” calling out for more qualitative data. Since then, multiple no-action letters and a court case against the SEC have shown that there are deep-seated issues with CBAs that regulators are having trouble keeping below the surface. For the SEC and
Five years after the crisis started, real change is finally in store. Who is on the naughty and nice lists? In 2012, the industry saw a flurry of financial sector reforms. With over 140,000 pages of regulation produced over the past twenty four months, an ambitious but often discordant global regulatory framework has developed, leaving
The industry has been waiting for the “high-level” opinions of the Liikanen Report, and its prescriptions for reform of the turbulent European banking sector. The reforms, while suggestions rather than binding Policy (as Barnier continues to remind everyone) call for huge changes to how European banks operate. The biggest development of these is a Volcker-style
Thanks to technological hiccup after technological hiccup, High Frequency Trading (HFT) remains a permanent fixture in the financial press. With each blip, regulators and politicians promise to regulate HFT, but how they are going to put effective controls in place is still an open question. Despite the noise, the issues with HFT remain the same.