Commodity derivative trading is just one of the many topic areas under MiFID II that firms need to ensure they are prepared for before 3 January 2018. One set of measurements in this area is that firms will be required to report commodities positions to National Competent Authorities (NCAs) on a daily basis. Another is
JWG would like to thank over 300 attendees for being part of our MiFID II implementation webinar on Wednesday 12 July. We received some excellent feedback from attendees and we hope you took away valuable insight about how to gear-up your programmes. As mentioned, the webinar video recording and our report ‘Who is ready for
In the eight years since the G20’s Pittsburgh summit, regulatory forces have reshaped the complexity of market infrastructure. Unfortunately, there has not been a corresponding increase in the maturity level of industry engagement between the public and private sector. The current landscape for regulatory reporting is riddled with complexity – made evident by waves of
Over the past quarter, we have made considerable progress towards the creation of a RegTech Council. In this members-only issue we cover our latest activity in the RegTech arena including: The progress of our new RegTech SIGs – The restructured membership groups are broadening and improving our coverage MIG update – With 6 months to go, firms are moving from
The end is in sight. In under six months, the deadline for MiFID II implementation will have passed. Since its legislative inception, JWG has iterated the importance of forward planning and anticipating the major changes under MiFID II. In concrete terms, our MiFID Implementation Group (MIG) meetings have provided the platform for senior managers from
In our previous article we announced some of the key findings from our recent buy-side focused MiFID survey. Now we are pleased to announce a webinar on 12 July to review and analyse the results in more depth with a panel of experts. The webinar will aim to present new survey findings to help inform
90% of buy-side firms believe they are at either high or medium risk of not being compliant by the January 2018 deadline, despite this date having already been delayed by a year. Significantly, with just over six months to go, a large amount of the industry appears to be overstretched and under-prepared. It is imperative
The topic of research under MiFID II has been a popular discussion lately amongst top firms at JWG’s MIG meetings. MiFID II demands that firms be transparent to investors about how they plan to pay for research and the value which they place on it, which has led managers to think about how much they
One of the many weaknesses that the financial crisis exposed was the feeble transparency framework in financial markets. In response, MiFID II and MiFIR built on the regulatory agenda of the G20 by aiming to strengthen the transparency framework of markets in financial instruments, including OTC trading. Building on MiFID I, the second incarnation extends
Not long now – in less than 6 months’ time – both MiFID II and PRIIPs will become effective across EU Member States. ESMA recently published a Q&A on MiFID II and MiFIR investor protection topics in which 14 new questions were added. These include new Q&As on costs and charges in relation to the