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GDPR and data security by design
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25 May
2017

GDPR and data security by design

In exactly one year, the General Data Protection Regulation (GDPR) will apply across the European Union, yet firms are struggling to prepare for new data security obligations due to the sheer quantity of regulations due to be enforced in 2018. With the current date of MiFID II being 3 January 2018 and PSD2 due 10 Read More

10 May
2017

Latest RegBeacon available now

With the industry facing a 60,000 regulatory document mountain, JWG is finding new ways to deploy technology and crowd sourcing to help. In this members-only issue we cover our RegTech outlook and initiatives including:   Launch of JWG’s new RegTech SIGs – The restructured membership groups are broadening and improving our coverage MIG update – With Read More

09 May
2017

Building the bulwark: preparing your firm for data protection regulations

What image is conjured up when you hear the term “cybercriminal”?  A Guy Fawkes mask partially concealed underneath a black hoodie to the accompaniment of sinister music? Whilst this image provides an excellent trope for Saturday night TV, it does not reflect the reality of cybercrime. At our second RegTech Capital Markets Conference, we held Read More

03 May
2017

Who’s ready for MiFID II – on the buy-side?

JWG are pleased to announce the launch of an independent benchmark survey {link} investigating the approach asset managers are taking to transform their operating models to be MiFID II compliant. MiFID II will be the biggest regulatory change since the 2008 financial crisis.  It is a complex and interconnected beast that will affect your business Read More

15 Mar
2017

RegTech: the seeds of revolution are sewn

  • 15th March 2017
  • Daniel Simpson

The financial services industry is nearing a regulatory crisis point; detailed rules are being written in huge volumes, by regulatory bodies struggling to keep up with their mandates. The result: requirements that are habitually not well contextualised or articulated and often look unlikely to achieve the desired outcomes, but at the same time coming with Read More

23 Feb
2017

Discovering the options for MiFID II: DIY versus collaboration

  • 23rd February 2017
  • Aisha Dudhia

In fewer than 230 days – 7.5 working months from now, the biggest regulatory change since the 2008 financial crisis is set to come into force.  The legislation, Markets in Financial Instruments Directive/Regulation (MiFID II/R), is one of Europe’s most ambitious and far-reaching financial reforms and is estimated to cost the financial industry billions to Read More

21 Feb
2017

Lurking in the shadows: shining regulatory light on cybercriminals

The common image of a cybercriminal is that of a slovenly, yet highly-skilled, individual sitting alone in a basement having not seen daylight in weeks.  The modern cybercriminal, however, is far removed from this. Cybercriminals are organised in large networks, often well-funded and highly talented which allows them to unleash devastating attacks.  According to online Read More

10 Feb
2017

Regulatory reporting in 2017: What does good look like?

  • 10th February 2017
  • Will Payne

The sheer number of overlapping regulatory reporting regimes makes compliance difficult. MiFID II, which comes into effect in January 2018, significantly expands the scope of transaction reporting. EMIR, which is a reporting regime for derivative transactions under the EU regulation on OTC derivatives, CCPs and trade repositories, came into effect on 10 April 2014. Reporting Read More

02 Feb
2017

JWG RegTech Conference: bigger, better and getting FS to base camp – still time to join in!

  • 2nd February 2017
  • Jasper Bird

JWG are proud to announce that registrations for our second RegTech Conference on 28 February 2017 have topped 300 from over 50 firms, regulators, standards bodies and leading technology companies. After five years and hundreds of articles from our analysts on www.regtechfs.com and 47 special interest group meetings on regulatory implementation in 2016 alone, we Read More

25 Jan
2017

Product governance under MiFID II: working out the kinks

  • 25th January 2017
  • Aoife Quinn

On 17 January, ESMA published advice received from the Securities and Markets Stakeholder Group (SMSG) in relation to the consultation on MiFID II product governance.  This CP was released on 5 October 2016 and it set out to create guidelines relating to the target market assessment.  The SMSG established a working group with the specific Read More