CBDCs are now under central bankers’ microscopes as they explore ways to improve digital commerce, reinforce systemic resilience and preserve the foundational role of fiat money in global finance.  

Emerging technology for digital identities, fraud detection and other elements of a robust payment solution can be a part of digital foundations for new systems that digitize complex cross-border payment systems. 

How close are we to CBDC becoming reality and what will it take for that to happen?

5 years since introducing senior management regimes, global regulators are mandating front-office culture audits which apply behavioural science to new culture and conduct measurement.

In this episode, 2 authors of the definitive Culture Audit book (http://www.koganpage.com/cafs) join forces with RegTech and legal leaders to explain the key digital insights required for senior management and Compliance to pass the new test. 

Modelling behavioural norms and expected outcomes is difficult for analogue tooling, but the good news is that it more cost-effective to adopt the new methods required.  

Guests:  

Alan Blanchard, Apiax (former FCA)

Dr. Roger Miles, UK Finance Conduct and Culture Academy 

Sam Tyfield, Partner, Shoosmiths 

Elizabeth Arzadon, psychologist, and MD of Kiel Advisory Group (former APRA)

Cries for faster, better, and cheaper access to financial services by millions of investors have shaken the markets this year.

In this episode, Jackson Mueller, Sam Tyfield, and Richard Bain lock horns over how well the current FS infrastructure works today for retail investors, what digitalisation is required most, and what it will mean in the medium term.

We conclude that retail demand will lead to upgrading legacy post-trade infrastructures to create trust. Is this a case where market forces may just be strong enough to sort out the technology without a regulatory mandate?

Rachel Wolcott takes the chair to talk to Deutsche Bank, JWG and Regnosys about the industry’s ground-breaking collaborative effort to get derivatives trade reporting right.

The group explains how the financial services industry is rolling up its sleeves to digitize an analogue process and meet new quality standards demanded by CPMI-IOSCO CDEs.

By 2022 the sector will be completely transformed by new digital standards with EMIR Refit and CFTC common domain models by the end of 2021

This collaboration sets the new digital blueprint for regulatory reporting. If your job touches data and derivatives, you can’t afford to skip this one!

In this episode, Andrew Dyson, Adrian Dale, and David Shone joins us from ISLA to discuss their sector’s implementation of a clause library and common domain model.

By reducing legacy process and technology friction, these new tools reduce cost and enable business innovation at speeds unfathomable today. They also have huge supervisory benefits as SFTR and CSDR data quality will soon be assessable via CDM standards, developed collaboratively by the sector.

This is big change. We discuss the opportunities, threats and what’s in store for the regulator, regulated and their technology suppliers.

This episode Angus Moir, Bank of England joins us to share UK’s plans for Transforming data collection and to pick up with former UK regulator Gavin Stuart where we left off in RegCast 3.

We focus on digital capabilities required for investment firms to share information with their regulators. In short, we move from ‘what’ regulators need to ‘how’ to reconstruct the data plumbing to get high quality and timely data.

Adam Turnbull, Goldman Sachs and Dawd Haque, Deutsche Bank help describe how the sector can work collaboratively over the next decade to unpick the twisted data knot to reduce fines, unlock business value and create better outcomes.

This episode shines a spotlight on the new. digital capabilities required to track neo brokers, digital influencers (e.g., roaring kitty) and the new on-line herds of citizens that can influence market pricing (e.g., GameStop).

Picking up where we left off in RegCast 2, RegCast3 covers the key questions which politicians are asking the market the US, EU and UK from a perspective of what it means to the digital agenda. We examine what needs to change in the rulebooks, the data and the risk dashboards for regulators and firms.

RegCast 2 covers the UK’s fast moving political and regulatory review process, the key questions they are addressing, and what they are likely to mean for regulators, regulated and their customers. The group discusses past choices and explores the implications of digitizing the future regulatory framework including splitting retail supervision, regulatory reporting and common standards.

Picking up with Sam Tyfield, Rachel Wolcott and Gavin Stuart where we left off in RegCast 1, this episode turns our spotlight on what it takes to implement a more digital regulatory framework.

We discuss the critical decisions facing the UK, failings of the past and the “so what” for wholesale and retail business.

Key topics:

HMT Future Regulatory Framework (FRF) consultation

GameStop is now international broadsheet news, but what does it mean to both retail and wholesale financial services business strategies and regulatory agendas in 2021? Experts discuss what was missed, what it means and what clients, businesses and compliance officers should expect. They recap their perspectives on changes at the FCA, BaFIN, ESMA and ASIC as Financial Services emerge from COVID operating procedures. They look forward to the implications of 2021 on retail customers as well as other events like FireEye, cyber, operational resilience, technology.

The JWG podcast trailer introduces our plans to create a much needed spotlight on the business impact of digital regulation for Financial Services. In this episode we share our perspectives from 15 years in this space and outline the key pain points for Financial Institutions, regulators and technology suppliers who are coming to grips with multiple change drivers while we exit a global pandemic.