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The RegTech mountain: we win, one step at a time
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18 May
2017

The RegTech mountain: we win, one step at a time

  • 18th May 2017
  • Letitia Bolton

After the financial crisis in 2008, there was an effort to put in place regulation to support the markets and prevent such a crisis in the future by, in the words of Mark Carney, moving the global financial system “from fragility to  resilience”.  In his recap of what a difference a decade makes, however, we 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

25 Apr
2017

The collaborative path through the RegTech and FinTech jungles

  • 25th April 2017
  • Daniel Simpson

The terms FinTech and RegTech are both used increasingly frequently in the financial services industry. However, they are not by any means used consistently, or indeed necessarily separately. What they most definitely describe is the increasing use of technology in the provision of financial services and the solving of regulatory problems, but beyond that it Read More

20 Apr
2017

Halfway there: the Capital Markets Union (CMU) plan

  • 20th April 2017
  • Darshna Pindoriya

The Capital Markets Union (CMU) is the European Commission’s (EC) plan to mobilise capital in Europe through growth, reduce the EU economy’s reliance on banks for loans and create jobs, including youth employment. Heavy reliance on the banking sector for funding needs remains, which is why one of the main actions in the CMU plan Read More

10 Apr
2017

Beauty and the blockchain: regulators are watching the story closely

  • 10th April 2017
  • Letitia Bolton

Blockchain is not something new to the financial sector.  In fact, it’s been around for years.  It will be, however, a slow process to integrate it into systems already in place and, as with any disruptive technology, for regulators to assess and mitigate its risks by regulating appropriately. Although the technology isn’t novel, regulators now 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

14 Mar
2017

RegTech experts: get out of your own way

As we’ve covered frequently on this site, incumbents are spending billions complying with the thousands of new, granular obligations demanded by FS regulators. So why, after eight years of regulatory reform, is the industry still struggling to fund companies that can revolutionise the way we establish policies and ensure compliance? In 2016 we told UK Read More

08 Mar
2017

It’s unanimous: We need a RegTech council

  • 8th March 2017
  • Letitia Bolton

Over 40 senior professionals at JWG’s RegTech Capital Markets Conference unanimously stated that we are missing a governing body to assume responsibility for regulatory implementation. It was a powerful discussion which agreed that a key piece of the jigsaw is missing; a strategic dialogue to focus practical regulatory reform implementation.  There is a need to: Read More

03 Mar
2017

The state of RegTech 2017: meeting expectations?

On 28 February 2017, I was pleased to chair our second RegTech Capital Markets Conference in London.  As many have been asking how it measured up to our expectations, here’s a recap and an overview of what we think comes next. With a very senior audience of over 260 attendees from top-tier banks, buy-side firms Read More

24 Feb
2017

Semantics: the key to finance’s food chain

  • 24th February 2017
  • Kara Paslawska

The regulators that oversee the economy are drowning in oceans of data, but need better standards to make sense of it all. The struggle stemming from the lack of standardised data was clearly visible in 2012 when the Commodity Futures Trading Commission (CFTC) needed to trace the so-called ‘London whale’, a trader who accumulated Credit Read More