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KID Sent to the Naughty Corner- European Parliament rejects PRIIPS rules
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20 Sep
2016

KID Sent to the Naughty Corner- European Parliament rejects PRIIPS rules

  • 20th September 2016
  • Letitia Bolton

On the 14 September 2016 there was a staggering majority vote against the EU Commission’s Regulatory Technical Standards (RTS) for the PRIIPS key information document (KID), at 602 to 4, with 12 abstentions. The rejection by the Parliament of the implementation rules proposed by the Commission is unprecedented in the financial markets, and now it 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

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

03 Jun
2016

DerivSource and JWG podcast on Brexit

  • 3rd June 2016
  • Aoife Quinn

Last week, JWG had the pleasure of taking part in a podcast to discuss the recent publication of our Brexit research paper.  Hosted by Julia Schieffer from DerivSource, the podcast, which can be found here, takes an in-depth look at some of the most pertinent issues raised in the report. The discussion focused on the Read More

02 Jun
2016

FRTB and BCBS239: Raising the data bar

The Fundamental Review of the Trading Book (FRTB) final text was published in January 2016 by the Basel Committee (BCBS).  The aims of the FRTB BCBS standards are to better factor market risk into trading book risk models, and to prevent banks moving instruments between the trading book and the banking book in order to Read More

31 May
2016

Mis-selling: the case for regulation and redress

This month, the House of Commons Committee of Public Accounts released its forty-first report of session 2015-16 which looks at ‘financial services mis-selling: regulation and redress’.  The Committee is tasked with ensuring value for money of public spending and generally holds the government and its civil servants to account for the delivery of public services. Read More

23 May
2016

RegRoundup 23 May: Locking down cyber-security

  • 23rd May 2016
  • Aoife Quinn

In a week which has seen cyber-risk cement itself on the agendas of regulators across the world, we’ve witnessed action in the trading space with plenty of developments occurring in Europe’s markets in financial instruments’ overhaul, as well as a concerted effort to rethink the way in which regulations and regulators work in the financial services industry. Read More

11 May
2016

RegTech and change management at the heart of the Brexit debate

  • 11th May 2016
  • Aoife Quinn

With 23 June just around the corner and a vote deciding the future of the UK in the EU on the horizon, we at JWG have issued a ground-breaking report today – Brexit: changing out the engine of finance. The report finds significant technical and leadership challenges ahead in the event of a decision to Read More

04 May
2016

BOARD MEMORANDUM: Subject: Time to put RegTech on our agenda?

Date: April 2016 Dear fellow board members, As the Financial Conduct Authority’s acting head has so rightly pointed out, sustainability is the key to pleasing our shareholders and delighting our customers with a global approach to compliance. Since taking the seat which oversees our global compliance function in 2008, I’ve watched in horror as G20 Read More

27 Apr
2016

JWG FCA RegTech Roundtable – key takeaways

  • 27th April 2016
  • Mark Robinson

In November the FCA issued a call for input on RegTech. JWG argued that new and proven tools can be employed but, to do so, the debate must be reframed as a ‘RegTech commons’ for the market to take off. We assembled top technologists from 14 leading firms with the FCA under Chatham house rule Read More