Financial services are digitizing fast but there is much more public and private sectors can do to deliver reporting controls which fulfil supervisory mandates in a digital age. With support from top regulators, financial institutions, and vendors JWG is launching a task force to 1) define a future target operating model for the regulatory reporting
By matm_admin
A decade ago, JWG worked with Banking Technology to produce the world’s first RegTech magazine for our sector. We are now delighted to be hosting the 6th annual RegTech / SupTech Conference on 16 & 17 November 2021 which promises to be one of the most exciting, digital events of the season. Register Here Today Agenda
It might be summertime but the work hasn’t stopped for those working in compliance. The constant barrage of tweaks to existing reporting regimes and wholesale refreshes such as the incoming derivatives reporting changes by the Commodity Futures and Trading Commission (CFTC) have kept teams busy. In Europe, Brexit has also impacted how firms must deal
Digital Regulatory Reporting Architecture Working Group meeting 5 to review progress vs. plans and follow-up actions from oversight committee meeting 5 (DOC5) and Programme Oversight Committee 2 (POC2) and POC3
By Priya Kundamal, DTCC The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal. Market disruptions often spur change. In response to the 2008 Global Financial Crisis, one of the G20 reforms was to mandate the reporting of
Target outcome: to complete a targeted Fx scope of 15-20 fields by end January and set the stage for a repeatable approach in Q121 Please note: The sprint relies on a set of DRR training videos produced from a previous DRR course which are attached to this meeting notice (see ‘supporting documents’ below on the
As will be noted in the forthcoming minutes of the second Global Derivatives DRR Programme oversight Committee (POC2) meeting, some members expressed their support for a US-focused project on CFTC implementation. We have agreed to work with US ISDA colleagues to convene a meeting to review potential CFTC project objectives, risks and targets with
Digital Regulatory Reporting Architecture Working Group meeting 4 to review progress vs. semantic plans and follow-up actions from oversight committee meeting 5 (DOC5) and Programme Oversight Committee 2 (PoC2). DRR CDM semantic & disambiguation requirements review Semantic architecture options and resourcing Test data approach (AB/EH) Eligibility approach
Inputs: ─Firm expectations of key milestones and dependencies for EMIR Refit and CFTC ─Draft planning assumptions to be challenged in POC2 (see objectives below) ─1 representative per organisation DRR programme planning session objectives: ─Targets. Set DRR MVP for the year: deliverables by quarter by regulation ─Modelling rates. Review Digitizer progress to date ─Interdependencies. Key dependencies
4 half day training sessions in the US ET am to orient Digital Regulatory Reporting Digitizers By the end of the course participants will be able to transpose regulatory text into a CDM functional expression in Rosetta for the purposes of generating regulatory reporting. The course relies on a set of DRR training videos produced