Spotlight on Trade Surveillance

Following our triumphant return to in-person gatherings on February 7th, JWG, with three more awards under its belt, is now putting strategies in place to address the complex issues identified by an esteemed group of investment firms, regulatory bodies, and solution providers.

This edition zeroes in on the emerging strategies to revolutionize trade surveillance, catalysed by recent regulatory fines from the United States and the FCA Market Abuse TechSprint launch.

Join us in our upcoming March session to glean actionable insights and collaborate on solutions that aim to redefine industry standards.

?We're not stopping here. A series of impactful initiatives are already underway, designed to empower and inform those at the helm of banking and finance.

Keep an eye out for further announcements and opportunities for involvement and get in touch if you need intelligence through collaboration in RegTech 2024!

?RegTech 8 SUCCESS!

Once again, the cream of the RegTech community got together in London to discuss the essence of 50 regulatory change drivers and engaged in lively debates on the strategic proprieties for 2024 and beyond on 7 February.

Over 150 professionals, 26 firms, 6 regulators and 4 associations, listened to 7 sessions, with 24+ speakers from the Bank of England, Banca d’ Italia, ECB, Deutsche Bank, Goldman Sachs, JP Morgan, Societe Generale, UBS & FINOS and more!

JWG is now taking actively pursuing new collaboration with regulators, firms and their suppliers based on the RegTech wishes of the industry.

Join us to take advantage of new, open-source models, to power controls at the point of execution, with better data, logic and reference code. Contact [email protected]

SURVEILANCE FINES & FCA RegTech SPRINT

“US regulators have started to fine tier-one firms for failing to capture complete and accurate trade data in surveillance systems tracking market abuse”?concluded Thomson Reuters Regulatory Intelligence here

“These fines should be a wakeup call for surveillance professionals and the open-source community,” said PJ Di Giammarino, chief executive of JWG Group, an industry think-tank in the UK. “As more products have moved on venue, liquidity has increased, but so have the opportunities for price manipulation.”

JWG believes there is an enormous opportunity for the industry to mutualise a solution to the surveillance data challenge through adoption of the Common Domain Model.

Right on cue, the FCA has launched a Market Abuse Surveillance TechSprint. Please have a look at the participation pack and get in touch if you feel there is merit in getting involved with this effort to explore AI-powered solutions to help detect forms of market abuse.

JWG’S SURVEILLANCE SPECIAL INTEREST GROUP

15 March, Canadian CDM/DSR next steps - Zoom

?At JWG’s annual?conference, panellists agreed that the financial services sector has an opportunity to leverage its newly deployed common domain model to?scale trade surveillance controls, making the system safer, less noisy more efficient by billions of dollars across the markets.

Having run a great Trade Surveillance round table on breaking data silos in Toronto we are pleased to have had unbridled enthusiasm for discussing next steps.

Let us know if you would like to join our Trade Surveillance RegTech Special Interest Group (TSS) 27 on 15 March where we will shape the opportunity to digitize surveillance rules. Non-Canadians are more than welcome ??.

Want to join?? Contact [email protected]

LONDON DINNER: The RegTech advantage in 2024

19 March (Waiting list availability only)

As our last RegTech roundtable was oversubscribed, we are holding a second Dinner in London, on Tuesday 19th March, to recap the conclusions from JWG’s Annual Conference and previous dinner with First Derivative.

Getting the RegTech advantage in 2024: A meeting of the minds will provide regulators and financial institutions a safe space to discuss how they stay ahead of the game and keep up with a rapidly changing compliance landscape.

The event is available for regulators and policy, compliance, operations, data and technology executives in financial institutions.?

This event is now full but we are still accepting registrants for our waiting list which will get you preference on the next event. Interested to know more?? Contact [email protected]

REGULATORY REPORTING?

Regulators are doubling down on data quality as new data standards are put in place and new strategies established.

In November 2023, JWG successfully delivered an ESG data industrialisation hackathon with 65 individuals from 19 organisations.

The next step is to consolidate learnings from ISDA DRR / CDM and ESG CSRD hackathon efforts in a single, deployment-ready opensource regulatory reporting architecture.?

The objective is to define a working method to produce auditable regulatory reports using open source.

It will develop and prove an architecture to associate regulatory texts (i.e., source obligations) to the FINOS Common Domain Model (a DSL) and industry-agreed rules (e.g., ISDA DRR) to produce regulatory reports using test data.?

Interested in getting involved? ?Contact [email protected]

THREE MORE JWG AWARDS

JWG, for the second year running, is honoured to have won three new awards from the Global Business and Finance Magazine: Best AI-Powered Compliance RegTech, UK for our RegDelta platform & Most Trusted Financial Services Regulatory Intelligence Company, UK & Best Networking Platform of the Year, UK for the JWG team.

?With these accolades, JWG has now secured a total of 15 industry awards since 2022, including the prestigious RegTech Insight Europe Awards for “Best Regulatory Reporting Solution” and “Outstanding Industry Contribution”.

We are thankful for all this recognition of JWG’s commitment to delivering innovative and effective compliance solutions to its global clientele while collaborating with the RegTech global community.

?SEE RegDelta IN ACTION

JWG’s 2024 RegDelta showcases [PD1]?[EH2]?are ready for action! ?