Context
Are you a senior executive or compliance officer for a financial services firm?
If so, then you know that the industry’s regulatory framework is changing fast. MiFID III, the Edinburgh plan and DFA II consultations were published in December 2022. It can be difficult to keep up with all the changes – but that’s where we come in. JWG has collaborated with hundreds of SMEs to help guide MiFID compliance since 2006. Our analysts monitor all regulatory websites and use our RegDelta platform to spot the key issues for the business and identify the impact on the middle and back office.
Objective
In this conference, leading De Fi, Digital Asset and TradFi SMEs will articulate the key trading compliance challenges precipitated by divergent UK, EU, US and Asian policies. We will discuss how proven RegTech can be deployed now to help empower 2nd and 3rd lines of defence to ensure customer, firm and regulatory interests are aligned.
Agenda:
About the session
The 20s have challenged financial institutions to reconsider their compliance operating model and the tools required for the job. Nowhere is the need for RegTech more acute than the fast-moving and complex web of trading regulations. PJ Di Giammarino, Founder and CEO of JWG, and first editor of RegTech will share his perspectives on what is in store for risk and compliance professionals at the trading coal face.
Regulatory Challenges
- Compliance in a less siloed world – compliance by design here
- Fragmentation of global obligations
- The changing role of compliance, operations, technology & procurement
New RegTech/SupTech drivers
- Technology risk management: e.g., AI, Cyber
- Operational risk and Operational resilience
- Common domain models
- Digital regulatory reporting standards
- Regulatory engagement in RegTech
About the session
Market data and post trade transparency is up for debate. As the UK contemplates market reforms, ESMA has been asked to specify the ‘quality and the substance of core the market data and the quality of the transmission protocol’. Both are introducing new CTPs. COOs and compliance officers risk being unable to police bad data and holding the SM&CR bag. What trading capabilities are needed to comply in a more clearly defined marketplace?
Regulatory Challenges
- US SEC trading reforms
- MiFIR RTS 1 & 2 opinions and transparency proposals
- The UK Edinburgh reforms set post-Brexit course
- EU Tax rules complement MICA proposals
- CTP
- Market data quality
- Standards & identifiers: LEI, ISIN
- Clock synchronisation
- SM&CR
New RegTech/SupTech drivers
- Algo trading
- Dark pools
- DVC
- Trade surveillance
- Algo controls
About the session
The post Brexit battle for trading continues to rage while US revisits NMS for the first time in over a decade. Transparency to trading costs is in focus for regulators concerned about liquidity and PFOF. Future policies will diverge and compliance will be challenged to be the arbiter of what ‘good execution’ looks like for senior managers. What next generation trading RegTech is required to satisfy the counterparty and regulator?
Regulatory Challenges
- US Best execution/ RegBI / Form CRS
- US/EU PFOF
- MIII RCB Article 13
- UK WMR
- ESMA STO non-paper
- Fixed income CTP
- HK rule151
- SFC Circular
About the session
Global conflict has stretched risk frameworks for AML/CFT, trade surveillance, eComms, voice, and digital assets. Experts have long called for integrated management approaches across silos, is RegTech ready to enable better models to defend the firm?
About the session
The tide has receded leaving global regulators to align digital asset policies. How does RegTech help Compliance deal with customer, product and market obligations in decentralized finance
About the session
The next 18 months will shape RegTech as compliance evolves to meet the needs of divergent regulation. Strong planning and co-ordination to align TradFi and digital asset rails is required. What are the key priorities for 2023 and how should leaders think about charting their future course?
Regulatory Challenges
- Engagement models
- Policy management
- Accountability (e.g., SM&CR, SEAR)
New RegTech/SupTech drivers
- Standards
- Model-driven controls
- Compliant OpRisk benchmarks
