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PRA issues first consultation paper for MiFID II
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14 Apr
2016

PRA issues first consultation paper for MiFID II

On 24 March, as part of the UK’s effort to set rules to transpose the Markets in Financial Instruments Directive (MiFID II), the Prudential Regulation Authority (PRA) set out its proposals in its first consultation paper. The application deadline for MiFID II/R has been delayed by one-year to 3 January 2018, with just the European Read More

18 Mar
2016
mis-selling, national audit office, FCA, Financial Ombudsman

The clampdown on mis-selling practices

On 24 February, the National Audit Office of the UK published the findings of a report carried out by the Comptroller and the Auditor General which looked at financial services mis-selling.  The definition of mis-selling is currently “a failure to deliver fair outcomes for customers” and this includes providing customers with misleading information or recommending Read More

10 Mar
2016

The RegTech ecosystem: in depth analysis (part 3 of 3)

  • 10th March 2016
  • Mark Robinson

In our two previous articles, we mentioned that, despite the technology existing to enable ‘good regulatory practice’, the market has failed to overcome the four main barriers.  Why? In short, while we have a strong chorus of support from the side-lines, the regulators are only just now beginning to take on the job of making Read More

07 Mar
2016

The RegTech barriers: in depth analysis (part 2 of 3)

  • 7th March 2016
  • Mark Robinson

In our previous article, we argued that a number of next-generation technologies have the potential to dramatically disrupt the financial sector’s manual and outdated legacy infrastructure which is, as we write, fighting a losing battle with the ever-growing pile of regulatory rules. It’s curious.  With thousands of actors spending billions on hundreds of technologies – Read More

23 Feb
2016

JWG asked to host RegTech roundtable by the FCA

In answering the Government’s demand for the UK to become a leader in the RegTech field, the FCA issued a call for input in November. Given that JWG have been supporting the development of RegTech – via this publication and our other activities – for a decade now, we thought it would be helpful to Read More

15 Feb
2016

Market Abuse Regulation is fast approaching for firms and listed companies

The market abuse regulation (MAR) is fast approaching and will impact not just financial services firms, but also any EU listed company. Identified in a number of articles published here on RegTech, and discussed at JWG’s CDMG, (customer data management group), which focused on MAR/MAD changes in August last year, the regulation will involve a Read More

04 Feb
2016

Market abuse update – acquittals, injunctions and more change

  • 4th February 2016
  • David Miller

Over the last six months, market monitoring and market abuse have had their fair share of coverage.  The industry witnessed the conviction of Tom Hayes, for LIBOR rigging, the introduction of permanent injunctions in cases of market abuse, acquittals of six defendants accused of conspiring to rig the LIBOR and now preparation for the new Read More

11 Jan
2016

RegRoundup 11 January: risks and regulatory battles

The new year has not brought any better luck for China’s economy. As stocks continue to slump, the People’s Bank has again devalued the Yuan to somewhat limited results. Meanwhile the debate over how best to control Wall Street is getting no less fiery. Bernie Sanders has made clear his intentions to ringfence investment banks Read More