Following our discussion of several global accountability regimes and forthcoming culture audits we are turning our attention back to AI. This is a very noisy space with Germany, UK, Japan and the US all mandating new controls in advance of MiFID III update which could raise the algo trading bar even higher.   In this


The UK’s data transformation plans and Europe’s integrated reporting strategy are shaking RegTech and SupTech foundations and FS Supervisors need a new, bold and long-term approach to aligning data and technology strategies. As discussed in RRDS 26, the Global Derivatives DRR programme is enabling firms to meet CPMI/IOSCO deadlines in 2021 and offers an excellent


JWG summarized regulatory 2021 reporting efforts and explained how there are both prudential/statistical ‘top down’ or more aggregated reporting (e.g., Risk, ESG) with the ‘bottom up’ more transactional data collection (e.g., EMIR, MiFID, CSDR). The RRDS agenda will seek to share lessons learnt across both types of regulatory reporting innovations this year


UK banks’ annual reports show an emerging understanding of operational resilience that emphasises business continuity planning and conflates pandemic performance with high operational resilience. Banks have asked regulators for more guidance on what they want operational resilience work to look like. That safe harbour will not be forthcoming, and firms need to work on evolving


We are pleased to have had over 100 participants in a fantastic launch to JWG’s 5th year of hosting a safe, independent space for regulatory reporting collaboration. The minutes and materials from our meeting covering recent papers from the Bank of England Transformation programme for data collection, BIS FSI Insights no 29,  and JWG’s Global


The group discussed recent papers from the Bank of England, BIS and JWG’s Global Derivatives Digital Regulatory Reporting (DRR) programme and the business case for getting involved in these efforts. The group also reviewed  JWG’s proposed Regulatory Reporting & Data SIG (RRDS) 2021 plans to explore the feasibility of ‘top down’ aggregated reporting (e.g., Risk,


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 suppliers. Our research has identified a number of key challenges posed by 430C by the much bigger picture imposed upon us by continued technological developments.


Many U.S. and European globally systemically important banks (G-SIBs) have seconded staff to a digital regulatory reporting project that mutualises derivatives reporting rules interpretation, expresses those rules as computer code in alignment with trade association- agreed best practices. The project is training 25 G-SIB-supplied specialists to study the data fields required for the European Market


The UK Prudential Regulation Authority (PRA) ordered globally systemically important banks (G-SIB) to commission skilled persons reviews of their governance and individual accountability regimes, as well as control and risk management frameworks in its financial year 2020/21. This activity underscores the continuing serious problems that the world’s largest and most-complex banks have had with risk


The Financial Conduct Authority (FCA) will consult on a review of the UK European Markets Infrastructure Regulation (UK EMIR) reporting standards in the second half of this year, a spokeswoman for the regulator said. It has “the aim of improving overall data quality and to align the standards with the global guidelines on critical data