In our second meeting, a global group of regulators, firms and suppliers discussed the changes in the regulatory building blocks required and quickly identified components which could be assembled to define a new paradigm for risk information collection.
The next meeting will focus on a new paradigm for collecting risk information from a digital system and get the group’s views on the design criteria and control specifications required for a digital age.
JWG is working with an organising committee to prepare materials for the next session. Please let pj@jwg-it.eu know if you would like to get involved in shaping the agenda or contributing materials.
You can learn more about the DRTF here and Members can find previous materials here. Corrina.stokes@jwg-it.eu will be happy to help with access issues.
Updated reading/ watch list:
- Digital Revolution, 2019 Francis Gross here
- Smart Contracts, Distributed Ledgers, and the need for Algorithmic Financial Contract Standard, Willi Brammertz, Allan Medelowitz here
- Common domain model here
- A Case Study of Using Blockchain Technology in Regulatory Technology https://discovery.ucl.ac.uk/id/eprint/10093986/
- BIS Innovation Hub’s Ellipse project page with intro video: https://www.bis.org/about/bisih/topics/suptech_regtech/ellipse.htm
- Phase 1 overview (report) Ellipse Overview – BIS Innovation Hub – Ellipse (bisih.org)
- Our Findings – BIS Innovation Hub – Ellipse (bisih.org)
- VIDEO: Demonstration of the Mortgage CDM – BIS Innovation Hub – Ellipse (bisih.org)
- Recent paper from Barclays on the application of CDM to authoritative data stores (golden sources of financial data) 2110.02571 (arxiv.org)
- RegCast 16: Staying in control of a digital age here
Additional resources:
- To join the JWG Global Derivatives Digital Regulatory Reporting Programme, email Corrina
- Access the JWG reporting LinkedIn here or DRR members access area here
- To create your own JWG RegTech Intelligence Hub, sign up here
- To register for JWG’s 16/17 November 2021 conference, see here
- To join JWG’s July special interest group meeting email Corrina
Agenda:
- Introductions and recap of DRTF3 minutes
- New risk system design criteria and specifications
- Example use case and architectural implications
- Next steps
