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Key takeaways from the latest transaction reporting debate
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09 Jul
2015

Key takeaways from the latest transaction reporting debate

  • 9th July 2015
  • Aisha Dudhia

JWG analysis. On 7 July, market experts at the City & Financial Global workshop on transaction reporting under MiFID II addressed an audience, setting out their main concerns regarding the new transaction reporting regime.  In this article, we present some of the key issues that they highlighted. The European Securities and Markets Authority (ESMA) have Read More

30 Jun
2015

Caught by Europe’s 2017 dragnet? New MiFID II standards could mean the worst

  • 30th June 2015
  • RegTechFS

By Sam Tyfield and JWG. While the latest chapter of the Greece tragedy plays out, today ESMA quietly released its final report on draft technical standards on the authorisations, passporting, registration of third country firms and cooperation between EU competent authorities. Compared to the Consultation Report published in December 2014, ESMA has clarified a number Read More

09 Jun
2015

Regulatory reporting 2015: recap of the standoff – Part 1

  • 9th June 2015
  • RegTechFS

JWG analysis. Catch phrases, like ‘caveat emptor’, have been the rallying cry of the financial industry for millennia.  In 2009, the G20 sought to change the status quo by introducing the notion of global transparency to all markets. After spending billions on the first wave of reporting, we are only now realising how difficult it Read More

07 Apr
2015

News from the shadows: add SFT to your list of reporting requirements for 2017

  • 7th April 2015
  • RegTechFS

JWG analysis. As MiFID programmes take off and top tier firms tackle MiFID II implementation, the banking sector is about to be hit by even more pressure to produce reports about trading activity. The proposed regulation, aimed at enhancing the transparency of securities financing transactions (SFTs), seeks to ‘balance the scales’ between the two sectors Read More

13 Nov
2014

Doing MiFID II right – shaping your what AND how

  • 13th November 2014
  • RegTechFS

JWG analysis. In our last article on this topic, we spelt out our views on regulatory implementation standards.  And the first standard that needs to be defined is how you’re going to organise your work programmes. The shape of your MiFID II programme MiFID II is far beyond just a few ‘tweaks’ to MiFID I.  So much Read More

09 Jul
2014

Know thy algo: how to define it, prove it, tame it. Part 2

  • 9th July 2014
  • RegTechFS

JWG analysis. The desire for tighter controls on algorithmic trading is growing globally.  Trading rules in the major financial centres will quickly set new minimum thresholds. As described in our previous piece on how algos are defined and controlled, Europe is again leading the pack and would appear to have serious intent to change the Read More

08 Jul
2014

Know thy algo: how to define it, prove it, tame it. Part 1

JWG analysis. Regulators across the globe appear divided on the question of whether tighter control of algorithmic trading is necessary. The Australians are pretty laid back about it, the Germans are ahead of the game, whilst political debate rages in the US.  Regardless, while the value of algo trading to global markets is generally considered Read More

19 May
2014

Getting the ‘tech’ into MiFID II standards

  • 19th May 2014
  • RegTechFS

JWG analysis. Our jaws hit the floor when it was revealed at our CDMG meeting last week that ESMA’s MiFID II technical standards are expected to be in excess of 800 pages with more than 800 questions to be answered by August 2014. And this is just the start.  ESMA’s 2014 work plan has over Read More