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A busy December for financial regulation!
24 Jan

A busy December for financial regulation!

  • 24th January 2017
  • Darshna Pindoriya

Never mind a busy December, all in all, it was a busy year for financial regulation as shown in one of our previous articles, as 384 regulatory documents were captured and uploaded in our trade and transaction RegDelta library. MiFID II Before Christmas, we saw ESMA publish many documents much like in January 2016 with Read More

19 Aug

Stronger controls proposed for algorithmic trading by India’s regulators

  • 19th August 2016
  • Letitia Bolton

On 5 August 2016, the Securities and Exchange Board of India (SEBI) released a discussion paper on the ‘Strengthening of the Regulatory framework for Algorithmic Trading and Co-location’. This is 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 Read More

05 Apr

Full steam ahead for the LEI

  • 5th April 2016
  • Mark Robinson

The Legal Entity Identifier (LEI) has come some way since its formal establishment in November 2011.  10 March marked a new date for going forward, when a report by the LEI Regulatory Oversight Committee (LEI ROC) set out their policy design for the phase 1 collection of level 2 relationship data for the Global Legal Read More

08 Jan
cross-selling guidelines, esma report on cross-selling, mifid ii cross-selling, cross selling, cross selling guidelines,

Cross-selling clarity

  • 8th January 2016
  • Aoife Quinn

On 22 December 2015, ESMA published a final report outlining guidelines on cross-selling practices under MiFID II.  This follows the publication of a consultation paper in December 2014 by the European Supervisory Authorities which requested feedback from stakeholders and this final report represents such feedback.  While the guidelines were initially intended to be produced by a Read More

23 Sep

Preparing for the ‘ringfence’

JWG analysis. Following the introduction of the new ringfencing law, due to come into force 1 January 2019, the biggest UK banks strongly voiced their concerns. Although this new law will be difficult (and expensive!) for all banks involved to implement, firms with more global and diversified business models are facing additional complexities.  In particular, Read More

13 Jul

Part 2: HFT firms on trial

JWG analysis. In part 1, we focused on the consultation paper published by the FCA on 7 July, CP 15/22, in which the UK’s financial regulator proposed that managers responsible for algorithmic trading should also be covered under the new Senior Managers and Certification Regime.  But, as many readers will know, it is not only Read More

20 Jan

Your path through the MiFID II jungle

JWG analysis. The industry returned after the break knowing that it had fewer than 500 working days to implement MiFID II but found over 2,000 pages of new text to read.  Even worse, the grapevine whispers that more is due out this month. As we’ve written before, organising and planning is the order of the Read More

08 Jan

The Christmas gift …

JWG analysis. While most of us basked in the holiday spirit, the regulatory Grinches were hard at work.  In the two-week period between 19 December and 2 January, regulatory bodies in the UK, EU and US alone published over 40 critical documents. JWG’s tracking revealed a broad range of subjects.  CRD IV/CRR, BRRD, UCITS V, Read More

23 May

Questions from ESMA’s Consultation Paper on MiFID/MiFIR Technical Advice

  • 23rd May 2014
  • RegTechFS

JWG has extracted the following questions from ESMA‘s Consultation Paper on MiFID/MiFIR Technical Advice.  ESMA needs to deliver this advice to the European Commission by December 2014 and is therefore subject to a condensed consultation process for this paper. For more on MiFID/MiFIR see here. Q1.      Do you agree with the proposed cumulative conditions to be Read More

19 Mar

Materiality of extensions and changes to internal models

In the past two weeks, the EBA has issued several consultation papers on the technical standards under the 4th Capital Requirements Directive (CRD IV).  One of the papers concerned an important question:  When are firms required to report changes to their rating systems and internal models? The answer:  Pretty much all the time.  Between the Read More