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Product governance under MiFID II: working out the kinks
Archive
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

09 Dec
2016
ISIN, MiFID II ISIN

Making ISINs work for MiFID II transaction reporting

In our preceding article about ISINs, we explored the pursuit of a universal OTC identifier, and discussed what has occurred in Europe to fix this gap in the financial industry.  The Association of National Numbering Agencies (ANNA) created the ANNA Derivatives Service Bureau, which is based on an automated ISIN allocation engine and is scheduled Read More

07 Dec
2016

The FCA reflect on the November TechSprint

The FCA have released a video of the November TechSprint event on their RegTech webpage, which can be found here. The video, which features commentary from Christopher Woolard, Joanna Hill and Nick Cook from the FCA, rounds-up what was an exciting and informative experience for us at JWG, where we were given the opportunity to Read More

03 Nov
2016
RegTech, FCA TechSprint, FCAsprint

JWG to help industry unlock regulatory reporting

  • 3rd November 2016
  • Aoife Quinn

With the FCA’s commitment to innovation and to becoming a global leader in the development and adoption of RegTech solutions, JWG is excited to announce that we have been invited to participate in their upcoming TechSprint event. Held across two days, on the 9 and 10 November, the event, which focuses on the topic of Read More

29 Sep
2016

Brexit: is equivalence the answer?

  • 29th September 2016
  • Aoife Quinn

On Wednesday 14 September, the EU Financial Affairs Sub-Committee heard evidence from Mr. Simon Gleeson, Partner at Clifford Chance, and Mr. Peter Snowdon, Partner at Norton Rose Fulbright, for its Brexit Inquiry into financial services. Over the course of an hour, the discussion focused on how UK firms might hope to invoke rights of ‘equivalence’ Read More

26 Sep
2016

Payment Services Directive and third party involvement

The Payment Services Directive (PSD) was adopted in 2007 as a means for providing a legal foundation for establishing safer and easier electronic payment services throughout the European Union.  The goal was to make cross-border payments quick, efficient and secure.  In July 2013, the Commission decided to review PSD and modernise it to adapt to Read More

31 Aug
2016

Banks still pose the risk of being “too big to fail”

  • 31st August 2016
  • Darshna Pindoriya

On 18 August 2016, the Financial Stability Board (FSB) published two final guidance papers for authorities and firms as part of the agenda to end the “too big to fail” risk. Some progress is being made, and the FSB has said that “banks have begun to develop issuance strategies to meet new total loss-absorbing capacity Read More

08 Aug
2016

The great financial climate change

The 2016 edition of the World Economic Forum’s annual Global Risks Report lists “failure of climate-change mitigation and adaptation” as the greatest risk facing the world over the next 10 years.  That was the collective judgment of 742 surveyed experts and decision makers drawn from business, academia, civil society and the public sector. Last year’s Read More

24 Jun
2016

Brexit: what next?

  • 24th June 2016
  • Aoife Quinn

So, it’s official.  The voting public of the United Kingdom have made their decision and, with a 52% majority, the result is final – the UK has declared that it wants to leave the European Union. Over the past few weeks, we’ve seen the polls fluctuating wildly and the odds of leaving grew determinedly, sending Read More

17 Jun
2016

Top 3 things every Brexit voter should know

With both sides of the Brexit debate feeling the heat, and the countdown timer running out of sand, there is less than a week before the voting public of the United Kingdom converge on the ballot stations to decide whether they see a future in the European Union or whether they would rather bring to an Read More