Harnessing regtech for buy-side compliance

The panel

• Michael O’Brien, Global head of product management, Risk and surveillance, Nasdaq
• Wendy Jephson, Head of behavioral science, Market technology, Nasdaq
• Moderator: Narayanan Somasundaram, Bureau chief, Risk.net

A combination of regulatory pressures in recent years – most notably the rapidly approaching implementation of requirements for the second Markets in Financial Instruments Directive (Mifid II) – has seen buy-side firms face a number of new challenges and significantly greater accountability in ensuring compliance with global and regional regulations. Trade monitoring, trade reporting and transparency, investor protection, the aggregation of pre- and post-trade data and new margin requirements, and a sea change in regulatory responsibilities have made it difficult to effectively implement best practices.

These regulations have been a key catalyst for technological and operational change for buy-side firms. Growing technological trends such as behavioural analytics, behavioural science and multi-channel risk identification are making their way into company infrastructures, prompting firms to reassess their overall business strategies – particularly the areas of market surveillance, data aggregation and collateral management.

However, the implementation of new technologies and an exponential increase in data aggregation can result in obstacles and a significant increase in regulatory risk. Two of Nasdaq’s pre-eminent thought leaders – Michael O’Brien, global head of product management, risk and surveillance, and Wendy Jephson, head of behavioral science, market technology – discuss the most pertinent regulatory concerns facing the buy side, and how firms can effectively implement new technologies to remain compliant.

Key topics include:

• Key regulatory demands facing the buy side as a result of Mifid II, Market Abuse Regulations and others, and emerging technologies that can help your firm tackle these demands
• The best practices in implementing new technologies into your firm, and the main risks
• Market structure evolution and upcoming global regulatory mandates
• What is needed from technological and organisational standpoints to meet these challenges

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