Welcome to JWG

Is your firm doing business with anyone who helps Iran or UN-sanctioned persons? Iran sanctions legislation passed; http://t.co/7NH0EuqF - 03 Feb 2012 3:29 pm

Insider trading banned in congress. Trading on non-public information can now be prosecuted by the CFTC and SEC: http://t.co/J5Ec5AaC - 03 Feb 2012 3:25 pm

The ball keeps rolling: strip Greenspan of knighthood for failing to contribute to global economic stability? : http://t.co/jxnKMMWh - 03 Feb 2012 1:14 pm

New report calls consolidated tape use "circus of the absurd" because it has "reached its limits of utility": http://t.co/0wiFQo7V - 03 Feb 2012 1:18 pm

ESMA launches CRA rating repository (CEREP) allowing platform view of performance, reliability of ratings for EU CRAs: http://t.co/LGsJFDKt - 03 Feb 2012 1:22 pm

CFTC notice of proposed rulemaking published on protection of collateral posted by customers clearing swaps: http://t.co/ucEbmx1m - 03 Feb 2012 1:27 pm

CFTC/SEC Joint Report on Intl Swap Reg: still "too early" to know if US, EU regs meet G20 commitments or have gaps: http://t.co/6TYBGw6P - 03 Feb 2012 1:36 pm

Tuckers book chapter "Investing in Change": economy should help households ride peaks and troughs in their incomes: http://t.co/3p5bTnSC - 02 Feb 2012 3:56 pm

RRPs? FSOC reviewing payment, clearing firms to see if they are systemic enough to require "tougher regulation": http://t.co/K8Co4jUp - 02 Feb 2012 3:35 pm

FSA planning for a busy 2012-2013: requests 16% funding increase to £578.4 million: http://t.co/S18sTL0q - 02 Feb 2012 3:38 pm

Consumers: EBA is on your side; wants shared "market intelligence" with EU agencies, also hosting consumer roundtable: http://t.co/vTeSTWzY - 02 Feb 2012 3:42 pm

OCC testimony finds new bill would weaken GAAP; integrity of financial reporting key; bank capital should match risk: http://t.co/kXqljxsy - 02 Feb 2012 10:17 am

No surprise: NYSE/DB merger blocked by EU as it would "practically eliminate market competition" in "quasi-monopoly": http://t.co/lfZjaUp4 - 02 Feb 2012 9:37 am

Global complaints about Volcker Rule finally getting through? US mulls allowing foreign sovereign debt exemption: http://t.co/dJeNW0AN - 02 Feb 2012 9:48 am

Tucker speech suggests a key component of improved remuneration and risk management is to pay bankers with bank bonds: http://t.co/mWUDE41Z - 02 Feb 2012 9:51 am

BIS and Bank of Japan release multiple papers on bond markets in Asia and the Pacific and their crisis resilience: http://t.co/IYNc61Qi - 02 Feb 2012 9:56 am

Tyrie believes IMF has "detachment" and "technical credibility" to sort "paralyzed" Eurozone out: http://t.co/2Yrx21Li - 01 Feb 2012 5:47 pm

London Mayor welcomes French banks as introduction of FTT will clearly cost jobs: http://t.co/Eo3wQEOi - 01 Feb 2012 2:33 pm

Iran sanctions legislation has high KYC implications. Firms to disclose activities subject to sanction laws: http://t.co/dWV2soXB - 01 Feb 2012 2:40 pm

dishonest, deliberate and sustained misconduct FSA fines former JC Flowers CEO £2.86m for fraudulent invoicing: http://t.co/K8LaSaK0 - 01 Feb 2012 2:21 pm

Is your firm doing business with anyone who helps Iran or UN-sanctioned persons? Iran sanctions legislation passed; http://t.co/esgHPswE - 03 Feb 2012 3:29 pm

26th January CDMG meeting minutes and presentation on PS11/15 Financial Crime: A guide for firms now available http://t.co/VW98Tmz3 - 02 Feb 2012 6:41 pm

Consumers: EBA is on your side; wants shared "market intelligence" with EU agencies, also hosting consumer roundtable: http://t.co/ytvs0srS - 02 Feb 2012 3:42 pm

OCC testimony finds new bill would weaken GAAP; integrity of financial reporting key; bank capital should match risk: http://t.co/Qjp6Ie2F - 02 Feb 2012 10:17 am

Iran sanctions legislation has high KYC implications. Firms to disclose activities subject to sanction laws: http://t.co/xkpxX2XX - 01 Feb 2012 2:40 pm

Financial Services regulation is changing infrastructure. Tell us how it affects you. Please take JWGs new survey: http://t.co/vHKVmLPy - 31 Jan 2012 12:08 pm

UK regulators join global chorus and step back from ASB accounting standards over unnecessary costs: http://t.co/okWMYeSB - 31 Jan 2012 9:10 am

IASB and FASB will work together to reduce inconsistencies around financial instruments; incl IFRS9, US GAAP: http://t.co/ExvIPk0J - 30 Jan 2012 1:08 pm

Great CDMG meeting! Please dont forget to email in your top issues for the CDMG PS11/15 Common Question Guide http://t.co/r4MdHAWT - 27 Jan 2012 6:43 pm

FSA CP on Large Exposures Regime - group of connected clients and counterparties released; respond by 26 Apr: http://t.co/ycKQPFN4 - 27 Jan 2012 3:48 pm

Wheatley to BBA: "getting a fair deal for consumers is at heart of the FCA" and requires cultural change for firms: http://t.co/DcQy2GA4 - 26 Jan 2012 2:29 pm

SFO can help: provides 312 pg boardroom guide on preventing serious economic crime incl ML, fraud, bribery: http://t.co/3sMdj8xw - 26 Jan 2012 2:43 pm

India slims down cash reserve ratios for banks from 6% to 5.5% b/c liquidity "tight beyondcomfort zone": http://t.co/8mtTRKYi - 26 Jan 2012 11:43 am

EC proposes data reform allowing individuals to demand their data be deleted; what does this mean for FS ops? http://t.co/JFzG8nhZ - 26 Jan 2012 11:33 am

EIOPA 2012 focus on Solvency II tech standards; x-border crisis mgmt; info gathering; consumer protection: http://t.co/votAbOZ7 - 25 Jan 2012 2:04 pm

"The right to be forgotten" New EU legislation toughens data privacy laws with fines up to 5% of annual turnover: http://t.co/1Akr5idr - 25 Jan 2012 11:04 am

“Is your customer due diligence good enough to meet the new FSA AML/CFT guidelines?” - CDMG meeting 26th January: http://t.co/64Nk9w1p - 23 Jan 2012 10:43 am

Dessa Glasser speaks! Blogs about global progress on LEI and "excited" to support FSBs LEI expert group: http://t.co/srigd0FI - 20 Jan 2012 3:42 pm

SIFMA issues test release of 2600 LEIs and associated information; lots of big names missing from list: http://t.co/XAMwbiLt - 20 Jan 2012 2:40 pm

BIS finds lack of industry standards for OTC contracts; outlines challenges, alternatives; how will market react? http://t.co/9SXYBGm0 - 19 Jan 2012 1:48 pm

FSA releases final guidance on credit risk management for CCPs consistent with unfinalised CPSS-IOSCO guidance; http://t.co/9CNCG7tq - 01 Feb 2012 2:14 pm

Financial Services regulation is changing infrastructure. Tell us how it affects you. Please take JWGs new survey: http://t.co/WKLGstLG - 31 Jan 2012 12:08 pm

FSA clamps down hard with £2.17m fine on Direct Line and Churchill for improper alteration of records: http://t.co/K9jfhOux - 19 Jan 2012 1:40 pm

In light of Basel III LCRs and NSFRs, IMF paper explores "Next Gen" Systemic Liquidity Stress Testing framework; http://t.co/Fa2jukQj - 11 Jan 2012 4:05 pm

BCBS CP on credit risk adjustments to derivatives proposes DVAs should be deducted from CET1; responses by 17 Feb 2012: http://t.co/y91m4LFF - 04 Jan 2012 3:38 pm

Global regulators side w/ UK against double counting capital - consolidation capital calculation barred under Basel 3: http://t.co/nLMsdIuN - 19 Dec 2011 3:08 pm

House of Commons Treasury Committee looking for written submissions on credit rating agency issues - submit by 2 Feb: http://t.co/gGsAFsEd - 19 Dec 2011 3:34 pm

BCBS updates its Basel III FAQ, particularly regarding the definition of capital sanctions and synthetic holdings: http://t.co/od7vlDno - 16 Dec 2011 3:12 pm

Banks need to raise €354b or cut RWA 17% to meet Basel 3 - may be tough if ECB cracks down on cuts to SME lending? http://t.co/7RyXZowv - 15 Dec 2011 3:51 pm

EBA warns about "other extreme"-too risk-averse banks to cause credit crunch; cutting lending doesnt towards capital: http://t.co/vmqYwBPT - 14 Dec 2011 3:09 pm

FSA consultation on consistent, comparable report for prudent & fair valuation return statements -response due 14 Feb: http://t.co/N18smOxQ - 14 Dec 2011 2:13 pm

FSA to raise awareness of deposit protection by forcing firms to display how much could be claimed if the bank fails; http://t.co/9JC1smyJ - 14 Dec 2011 2:22 pm

FDIC approves Office of Corporate Risk Management - in order to apply industry best practice internally to the FDIC: http://t.co/o58FffdO - 13 Dec 2011 4:33 pm

IFC "Addressing data gaps" sessions - reveals serious issues in data collection & quality, common definitions needed: http://t.co/AQVfJXJJ - 08 Dec 2011 2:50 pm

HMT launches consultation on improving bonus transparency -individual disclosure for directors & highest paid 8 execs; http://t.co/RzqnwjtQ - 07 Dec 2011 3:45 pm

FSA updates Solvency II reporting website and Q&A -punts definition of "financial stability" and data needed to EIOPA: http://t.co/uRlJKxMf - 02 Dec 2011 2:40 pm

EBA releases 2 consultations on amendments to CRD - stressed VaR & incremental risk capital charge - due 15 Jan 2012: http://t.co/b171wvOQ - 01 Dec 2011 3:24 pm

BIS paper calls Basel II failure due to low capital reqs-B3 has "timid" lev ratio, should raise E/A ratio & use CoCos: http://t.co/xz6flgP8 - 01 Dec 2011 3:33 pm

See Compliance Complete article "Firms unready for boosted scrutiny of risk practices" feat. JWGs Patrick Rodowicz: http://t.co/6HF1YQJk - 01 Dec 2011 2:48 pm

BoE Financial Stability report necessitates CCP RRPs, & banks should cut bonuses if external capital not up to snuff; http://t.co/9mWzEY1O - 01 Dec 2011 2:54 pm

CFTC/SEC Joint Report on Intl Swap Reg: still "too early" to know if US, EU regs meet G20 commitments or have gaps: http://t.co/i90yHiI1 - 03 Feb 2012 1:36 pm

Tuckers book chapter "Investing in Change": economy should help households ride peaks and troughs in their incomes: http://t.co/yDmD6py2 - 02 Feb 2012 3:56 pm

RRPs? FSOC reviewing payment, clearing firms to see if they are systemic enough to require "tougher regulation": http://t.co/UPs5vIW2 - 02 Feb 2012 3:35 pm

FSA planning for a busy 2012-2013: requests 16% funding increase to £578.4 million: http://t.co/XgOLnTNY - 02 Feb 2012 3:38 pm

Global complaints about Volcker Rule finally getting through? US mulls allowing foreign sovereign debt exemption: http://t.co/POmIbtrc - 02 Feb 2012 9:48 am

BIS and Bank of Japan release multiple papers on bond markets in Asia and the Pacific and their crisis resilience: http://t.co/oH0XwviH - 02 Feb 2012 9:56 am

Tyrie believes IMF has "detachment" and "technical credibility" to sort "paralyzed" Eurozone out: http://t.co/glqyqwgy - 01 Feb 2012 5:47 pm

Spot checks for compliance not more regulation is the answer to preventing another MF Global says Scott D. O’Malia; http://t.co/lxVPpV7a - 01 Feb 2012 2:00 pm

Financial Services regulation is changing infrastructure. Tell us how it affects you. Please take JWGs new survey: http://t.co/YoPZicox - 31 Jan 2012 12:08 pm

Lords Select Committee continues FTT debate: "is the financial system undertaxed?"; is Sarkozy right? http://t.co/bNZqpMz0 - 31 Jan 2012 12:56 pm

France and the FTT in the corner for now? Germany wont follow lead; waits for consensus on broad EU wide tax: http://t.co/XHRN7kZf - 31 Jan 2012 1:07 pm

NY Fed report calls existing info disclosure rules a box ticking exercise; RRPs help incentivise improved disclosure: http://t.co/6nA2lanf - 31 Jan 2012 1:17 pm

Financial Services Bill on RRPs: "data room" might be needed; skilled person might be assigned for info noncompliance: http://t.co/6hhL0NRM - 31 Jan 2012 1:26 pm

FSA policy timetable: Remuneration CP, RRPs PS, CRD Common Reporting CP all to be released in Q1 2012: http://t.co/lB1D4vNA - 31 Jan 2012 1:45 pm

Its out! UK Financial Services Bill outlines roles of FCA, PRA and responsibilities and governance of FCA: http://t.co/vPWpWrOk - 30 Jan 2012 1:18 pm

France wants to create "shockwave and set an example" by introducing the FTT on shares from August: http://t.co/tpj9i26d - 30 Jan 2012 2:06 pm

New IMF WP finds bank risks depend on funding structures; regulators should ensure capital buffers match risk taking: http://t.co/qJnJdbet - 27 Jan 2012 1:23 pm

GFMA sets sights on the big guys: aims to represent G-SIFIs in an increasingly stringent macro regulatory world: http://t.co/hno9YpiI - 27 Jan 2012 11:55 am

Cameron making waves at Davos: the FTT is "simply madness" and he is "happy to be out of the room" in € discussions: http://t.co/19Mkn6CD - 27 Jan 2012 12:00 pm

Bail-in on the back burner: Barnier wants to wait until EU "past the worst" to implement; could be a while... http://t.co/Mt7989iU - 27 Jan 2012 12:15 pm

New report calls consolidated tape use "circus of the absurd" because it has "reached its limits of utility": http://t.co/G4Zlaqfj - 03 Feb 2012 1:18 pm

ESMA launches CRA rating repository (CEREP) allowing platform view of performance, reliability of ratings for EU CRAs: http://t.co/HN5q2S0y - 03 Feb 2012 1:22 pm

CFTC notice of proposed rulemaking published on protection of collateral posted by customers clearing swaps: http://t.co/5jGA2UKv - 03 Feb 2012 1:27 pm

CFTC/SEC Joint Report on Intl Swap Reg: still "too early" to know if US, EU regs meet G20 commitments or have gaps: http://t.co/iRahuiou - 03 Feb 2012 1:36 pm

No surprise: NYSE/DB merger blocked by EU as it would "practically eliminate market competition" in "quasi-monopoly": http://t.co/WTmeS017 - 02 Feb 2012 9:37 am

Global complaints about Volcker Rule finally getting through? US mulls allowing foreign sovereign debt exemption: http://t.co/0ZFKaaax - 02 Feb 2012 9:48 am

Financial Services regulation is changing infrastructure. Tell us how it affects you. Please take JWGs new survey: http://t.co/B9Ui55f6 - 31 Jan 2012 12:08 pm

FSA cautions on MiFID: new type of trading venue might result in "significant" liquidity withdrawal; rethink needed: http://t.co/80YNxBNh - 31 Jan 2012 12:52 pm

FSB chair has misgivings about Volcker Rule: "not clear what definition of market making v prop trading is": http://t.co/IBfjg8GC - 30 Jan 2012 1:55 pm

Citi says goodbye to prop trading desk due to the changes made by the Volcker Rule: http://t.co/iupAEasi - 30 Jan 2012 2:09 pm

Limited CFTC review of FCMs finds no material breaches of customer funds protection requirements: http://t.co/KjTB2zMf - 27 Jan 2012 1:34 pm

AFME December 2011 members briefing call on state of CRAs in Europe now available: http://t.co/ykAwG7AR - 27 Jan 2012 11:04 am

Volcker gets frosty reception from Barnier at Davos: "we cant accept extraterritorial consequences": http://t.co/3LvhpZgg - 27 Jan 2012 11:20 am

Japans FSA wants to restore inexperienced investor confidence by cracking down on high-risk mutual funds: http://t.co/FXzbk2Hp - 27 Jan 2012 11:24 am

IOSCO updates OTC report: discusses types of trading plats used for OTC transacts and US, EU regulatory approaches: http://t.co/BxpI724x - 26 Jan 2012 2:34 pm

FSA releases guidance consultation on transaction reporting strategy trades on Aii exchanges; respond by 22 Feb: http://t.co/Vn9lRsMh - 26 Jan 2012 2:40 pm

ESMA plan for "CRA 3" includes: disclosure, preventing conflicts of interest, shared rating scale, mandatory rotation: http://t.co/0ydU18AR - 26 Jan 2012 2:23 pm

Ouch: FSA fines David Einhorn £3.64m and Greenlight Capital £3.65m for insider trading: http://t.co/10LQeHwN - 25 Jan 2012 4:56 pm

Whats going on? Barnier puts NYSE/DB merger on "waiting reserve" allowing him to possibly challenge EU antitrustrecs: http://t.co/0caRN3CM - 25 Jan 2012 10:28 am

Whats going on? Barnier places NYSE/DB merger on "waiting reserve" allowing him to challenge EU antitrust recs: http://t.co/0caRN3CM - 25 Jan 2012 10:31 am

GFMA publishes December presentation "Building a Global LEI"- background, current intl status & possible next steps: http://t.co/yHwulqX0 - 18 Jan 2012 4:28 pm

FSB calls for experts to form private sector panel to advise on implementation of the LEI for spring 2012 http://t.co/Vtk4oOXg - 13 Jan 2012 5:48 pm

SIFMA publish their LEI Solicitation of Interest FAQ - Part 1: http://bit.ly/l500rO Part 2: http://bit.ly/jRzaHp - 01 Jun 2011 5:22 am

EFAMA issues press release expressing dissatisfaction w/ S&P ISIN statement - still pushing for free usage of US-ISINs: http://bit.ly/l2q34M - 20 May 2011 10:26 am

"There is a risk of the global consensus unraveling -seemingly minor differences between EU & US becoming critical": http://on.ft.com/j9966g - 20 May 2011 9:53 am

ECB on importance of data in systemic context -"gaps make it difficult to assess the source and magnitude of risks": http://bit.ly/jSXRvG - 18 May 2011 6:31 am

UK firms need to "continue to rebuild relationships and leadership in Brussels” and "get more involved" at EU level: http://on.ft.com/jNucq3 - 16 May 2011 12:10 pm

SIFMA publishes its official Solicitation of Interest (SOI) for the LEI: http://bit.ly/kJZ9ya - 16 May 2011 5:04 am

SIFMA discusses progress and next steps for the LEI: http://bit.ly/jWKxL6 - 12 May 2011 9:24 am

Conference taking place between EU/US on data protection & TFTP. Wider implications for data sharing forthcoming?: http://bit.ly/fFDDVC - 13 Apr 2011 7:05 am

EC proposal plans to begin the linking of Member States business registers by January 2014: http://bit.ly/igDlVK - 13 Apr 2011 7:43 am

Attendees Cover Old Ground Regarding the BIC at Swift’s LEI Meeting: http://bit.ly/fDwJh4 - 13 Apr 2011 10:58 am

Minutes from the GRIS steering committee meeting 13 April 2011 are now available: http://bit.ly/eBUHqz - 15 Apr 2011 5:16 am

CFTC proposal on UCI requires the reporting of transactional and master agreement identifier - hierarchy implied? http://1.usa.gov/fk5P2q - 26 Apr 2011 11:25 am

Resilience sounds, and is, highly desirable. But it is not a free good. Tucker BoE speech on macroprudencial policy: http://bit.ly/dRqKg6 - 26 Apr 2011 11:36 am

CFTCs swap definition covers most products minus certain insurance, nonfinancial forwards, consumer products & loans: http://reut.rs/hNEJAT - 27 Apr 2011 11:31 am

GRIS, in collaboration with SIFMA and many others, release the Requirements Global Legal Entity Identifier Solution: http://bit.ly/iSkSUl - 04 May 2011 10:03 am

SWIFT wins vote over ANNA to act as the registration authority for the LEI: http://bit.ly/ii3cSb - 05 May 2011 6:42 am

EC publishes summary of responses to Solvency II level 2 implementation measures - many concerned about reporting reqs: http://bit.ly/jyBSTf - 06 May 2011 9:12 am

CFTC/SEC release study including chapter on identifiers (p27) - it is less clear that others would see a benefit: http://1.usa.gov/gGJjYg - 11 Apr 2011 7:25 pm