Regulations
By Pankaj K
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Three Working Groups Target Different Problems. The setup splits into three chunks. Policy group tackles aligning data requirements across those…
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Application Details and Privacy Warnings. Deadline hits April 23, 2026. Candidates need a CV and cover letter specifying which working group…
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The Financial Conduct Authority and Bank of England want seasoned market pros to join their new reporting harmonization taskforce. Applications open now.
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The regulators launched this push to streamline the messy world of transaction and post-trade reporting that's been driving firms nuts for years.
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The setup splits into three chunks. Policy group tackles aligning data requirements across those three big regulatory frameworks - UK MiFIR, UK EMIR, and UK SFTR.
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Both regulators will co-chair these groups, which sounds like they're taking it seriously. Meetings happen every two months for 18 months, though sources say that could ramp up…
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They're hunting for diverse participation, which aligns with the FCA's broader push for inclusive financial services.
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The timing isn't random either. Market participants have been complaining loudly about unclear and overlapping reporting requirements, especially since Brexit changed everything.
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Deadline hits April 23, 2026. Candidates need a CV and cover letter specifying which working group they want. Send everything to cp25-32@fca.org.
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The privacy stuff gets interesting. The FCA and Bank warn that your information might get disclosed under various legal frameworks, though they'll consider confidentiality…
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Selected members get announced after the review process wraps up. No timeline given for that, which probably means they're still figuring out how many applications they'll get.
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Dr. Sarah Pritchard, Executive Director of Markets at the FCA, said the taskforce represents "a significant step towards achieving greater coherence in financial reporting.
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The regulators emphasize they want practical outcomes, not just another talking shop. Industry sources say that's the key test - whether the taskforce actually produces changes…
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Brexit created this mess partly. The UK had to rebuild its regulatory framework from scratch, and different teams worked on different pieces without much coordination.
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The taskforce will also dig into advanced data analytics and cutting-edge technologies. The FCA and Bank think tech integration could boost accuracy and efficiency in data…
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