RegCast

A recent industry r eport revealed tremendous opportunity for wholesale finance if we can get digital assets right. Faster payments, higher availability, cheaper settlement and better liquidity are all within reach. We ask the experts about the fundamental changes introduced by this new asset class and what role of RegTech has to play in monitoring new risks. Tom, Peter, Alex and Dan help us under...

Purveyors of digital assets have faced a dichotomy of slow-moving regulatory expectations and fast-moving customer expectations. With the US Presidential Order on Digital Assets, regulators have started to move and 2022 will see rules being drafted on either side of the Atlantic. Steffane, Brian and Chris take us though how RegTech can help shape regulatory expectations for these new digital asset...

The great work-from-home experiment forced traders from the office and digital surveillance teams into overdrive. RegTech provides a path forwards for serious legal challenges that stand in the way of effective oversight today. Rachel Wolcott, TR and Eddie Cogan, ACA Group discuss what is changing for surveillance functions within financial institutions and wat is most important to get RegTech rig...

Regulation continues to move fast and PJ and Corrina summarise how the RegTech agenda is coming into focus for 2022. They discuss how RegTech is now at another tipping point where it will be asked to help with interoperability between TradFi and Digital Finance. JWG explains the key regulatory drivers and how they will tackle the themes in RegCast Season 2 which you can find in the 2022 Beacon whi...

Our 2021 wrap-up shines a spotlight on controls and the compliance function. Market turmoil, transparency demands, surveillance and new technologies have all led regulators to demand that the control problem be fixed. Shifting to model-based controls will fundamentally change the way firms and their suppliers think about compliance.  Our experts debate what this change will look like, what it...

Regulators have introduced new, holistic resilience obligations to ensure that the financial system can withstand IT disruptions. In parallel, new climate disclosures are forcing firms to disclose carbon emissions from their technology. In a nutshell, this means a Firm’s non-financial risk management approach just got a lot more complicated. Front, middle and back offices will need to singing from...

Historically, regulatory expectations for Compliance officers have focused on identifying and remediating siloed risks which together provide an executive view of conduct and culture. However, global expectations are shifting and a future where a predictive, integrated surveillance capability is supported by large datasets and scalable enterprise-wide solutions is emerging now. JWG asks, “What is...

The pace and depth of regulation is breaking the traditional model for compliance, but new digital tools are emerging to fill the void. Through DLT, compliance is being tokenized, workflows are being certified, clients credentialled and new economic activity stimulated – all with regulatory transparency. In this episode,  Dan Doney  and  Nick Idelson  spell out what this means...

Nobody has been further out in front of the financial industry’s data needs than Francis Gross , who works at the ECB but agreed to speak to us in a personal capacity. We invited him to share his perspectives on the big measurement problems for regulators in a digital age. He shares his insights into a new theory for overseeing the financial system and we explore how ACTUS and CDM fit in. Make sur...

Faced with mounting fines, banks are digitizing their regulatory obligation management process. Horizon scanning has leapt to the fore as one of the core capabilities required to achieve the holy grail of ‘end to end’ solutions that prove to regulators that business is being done right. But getting many silos to map their controls to the same horizon is not as straightforward as it might sound. Ni...

The democratization of finance has forced global regulators to shine their spotlights on market abuse. In September, Mass Mutual was fined $4m for failing to detect 250 hours of YouTube videos related to GameStop that were outside their surveillance perimeter. Firms are rethinking the breadth and depth of their surveillance programmes and wrestling with thorny ethical and privacy issues.  Tec...

Fixing the disjointed nature of regulatory control management has become an imperative for regulators and their patience is wearing thin. Huge volumes of detailed new rules has created an army of ‘horizon scanners’ who struggle to work across the silos and auditors are often disappointed with the resulting controls. NextGen RegTech control solutions are available in the market who can introduce ‘e...

Regulatory reporting is moving out of the backwater and into the limelight. New tooling is here and leaders are deploying it now just as regulators are losing patience with data quality and issuing another round of large fines.  SupTech strategies and RegTech are meeting at a critical moment – listen in as the experts discuss their key issues and what they would like to learn from supervisors...

NextGen RegTech meets SupTech We're honoured to unveil a great cast of global regulators, academia, firms and suppliers discussing the next generation of #RegTech #SupTech at JWG's annual 16/17 November 2021 conference . Visit https://regtechconference.co.uk/    Free to attend by Senior managers from financial institutions & regulators and academics

Cries for faster, better, and cheaper access to financial services by millions of investors have shaken the markets this year.  MiFID II’s market infrastructure regime is being rethought on both sides of the channel while US rules are debated.  We asked 3 market experts about the market politics, process and priorities for the UK, Europe and the US. One thing is agreed: collaboration acr...

CBDCs are now under central bankers’ microscopes as they explore ways to improve digital commerce, reinforce systemic resilience and preserve the foundational role of fiat money in global finance.   Emerging technology for digital identities, fraud detection and other elements of a robust payment solution can be a part of digital foundations for new systems that digitize complex cross-border...

5 years since introducing senior management regimes, global regulators are mandating front-office culture audits which apply behavioural science to new culture and conduct measurement. In this episode, 2 authors of the definitive Culture Audit book (http://www.koganpage.com/cafs) join forces with RegTech and legal leaders to explain the key digital insights required for senior management and Compl...

Cries for faster, better, and cheaper access to financial services by millions of investors have shaken the markets this year. In this episode, Jackson Mueller ,  Sam Tyfield , and Richard Bain lock horns over how well the current FS infrastructure works today for retail investors, what digitalisation is required most, and what it will mean in the medium term. We conclude that retail demand w...

Rachel Wolcott takes the chair to talk to Deutsche Bank, JWG and Regnosys about the industry’s ground-breaking collaborative effort to get derivatives trade reporting right. The group explains how the financial services industry is rolling up its sleeves to digitize an analogue process and meet new quality standards demanded by CPMI-IOSCO CDEs. By 2022 the sector will be completely transformed by...

In this episode, Andrew Dyson ,  Adrian Dale , and  David Shone joins us from ISLA to discuss their sector’s implementation of a clause library and common domain model. By reducing legacy process and technology friction, these new tools reduce cost and enable business innovation at speeds unfathomable today. They also have huge supervisory benefits as SFTR and CSDR data quality will soon...

This episode Angus Moir , Bank of England joins us to share UK’s plans for Transforming data collection and to pick up with former UK regulator Gavin Stuart where we left off in RegCast 3 . We focus on digital capabilities required for investment firms to share information with their regulators. In short, we move from ‘what’ regulators need to ‘how’ to reconstruct the data plumbing to get high qua...

This episode shines a spotlight on the new. digital capabilities required to track neo brokers, digital influencers (e.g., roaring kitty) and the new on-line herds of citizens that can influence market pricing (e.g., GameStop). Picking up where we left off in RegCast 2, RegCast3 covers the key questions which politicians are asking the market the US, EU and UK from a perspective of what it means t...

RegCast 2 covers the UK’s fast moving political and regulatory review process, the key questions they are addressing, and what they are likely to mean for regulators, regulated and their customers. The group discusses past choices and explores the implications of digitizing the future regulatory framework including splitting retail supervision, regulatory reporting and common standards. Picking up...

GameStop is now international broadsheet news, but what does it mean to both retail and wholesale financial services business strategies and regulatory agendas in 2021? Experts discuss what was missed, what it means and what clients, businesses and compliance officers should expect. They recap their perspectives on changes at the FCA, BaFIN, ESMA and ASIC as Financial Services emerge from COVID op...