MiFID II

RegTech: the seeds of revolution are sewn

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The financial services industry is nearing a regulatory crisis point; detailed rules are being written in huge volumes, by regulatory bodies struggling to keep up with their mandates. The result: requirements that are habitually not well contextualised or articulated and often look unlikely to achieve the desired outcomes, but at the same time coming with

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Regulatory Reg Tech Makeover – Andy Green quoted in TR Article

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The March 13, 2017 Thomson Reuters ACCELUS article by Rachel Woolcot entitled “Regulatory reporting gets regtech makeover; complexity and costs prompts firms to rethink approach” focuses on how technology companies are preparing a new generation of smarter regulatory reporting tools.Retuers Logo

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Discovering the options for MiFID II: DIY versus collaboration

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In fewer than 230 days – 7.5 working months from now, the biggest regulatory change since the 2008 financial crisis is set to come into force.  The legislation, Markets in Financial Instruments Directive/Regulation (MiFID II/R), is one of Europe’s most ambitious and far-reaching financial reforms and is estimated to cost the financial industry billions to

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EMIR, MIFIR, and SFTR – article by Alan McIntyre in “Rocket 9”

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2017 is shaping up as the year of regulatory compliance in Europe. Alan McIntyre’s article “Navigating The Waters of EMIR, MIFIR, and SFTR” in the recent edition of Rocket 9 from The OTC Space  lays out the technical and planning challenges, scope, and overlap between each of the three regimes.

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Lurking in the shadows: shining regulatory light on cybercriminals

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The common image of a cybercriminal is that of a slovenly, yet highly-skilled, individual sitting alone in a basement having not seen daylight in weeks.  The modern cybercriminal, however, is far removed from this. Cybercriminals are organised in large networks, often well-funded and highly talented which allows them to unleash devastating attacks.  According to online

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Regulatory reporting in 2017: What does good look like?

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The sheer number of overlapping regulatory reporting regimes makes compliance difficult. MiFID II, which comes into effect in January 2018, significantly expands the scope of transaction reporting. EMIR, which is a reporting regime for derivative transactions under the EU regulation on OTC derivatives, CCPs and trade repositories, came into effect on 10 April 2014. Reporting

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JWG RegTech Conference: bigger, better and getting FS to base camp – still time to join in!

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JWG are proud to announce that registrations for our second RegTech Conference on 28 February 2017 have topped 300 from over 50 firms, regulators, standards bodies and leading technology companies. After five years and hundreds of articles from our analysts on www.regtechfs.com and 47 special interest group meetings on regulatory implementation in 2016 alone, we

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MIFID II: Transparency Data

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Following on from my article on the MiFID II: Instrument Reference Data, I wanted to look at the “Transparency Data” mentioned in the briefing note released by ESMA on 12 Jan 2017, titled “MiFID II technical data reporting requirements“. This starts with the following table: Showing that from September 2017 ESMA will start collecting Transparency data. Transparency Data […]

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Product governance under MiFID II: working out the kinks

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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

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MIFID II: Instrument Reference Data

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Following on from my article on the Trading Obligation For Derivatives under MiFIR, I wanted to look at more recent documents released by ESMA for MiFID II and MiFIR and found a briefing note released on 12 Jan 2017, titled “MiFID II technical data reporting requirements“. It starts with the following table: Interesting. Lets look […]

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