New and noteworthy at JDX
A collection of news, stories, experiences and practical knowledge aimed at helping our clients address some of the issues they face in today’s market
Increasing margin and cost pressures on buy-side participants continues to challenge firms to find ways of improving their performance by driving organisational transformation, focused on reducing costs and reevaluating growth strategies, in an attempt to differentiate themselves in a highly competitive market.
Since April 2000, via IR35, the UK Tax Authorities (HMRC) have sought to combat tax avoidance amongst ‘disguised employees'. HMRC are targeting individuals supplying services via intermediary companies—such as Personal Service Companies (PSC’s)—initially in the public sector April 2017, HMRC have since shifted focus onto the private sector.
Thriving in a hyper-connected world was the big theme of Sibos 2019 and it was fantastic to see so many organisations, over 11,000 attendees from 150 countries, gathered together in London with customers, collaboration & digital transformation at the forefront of the agenda.
Since 2012, JDX has experienced rapid growth as a provider of flexible resourcing solutions to financial services companies, market intermediaries and FinTech companies. With a compound annual growth rate of 47% over the last 3 years we now have 700 staff in 6 locations globally...
HENRI PEGERON, STEVEN CROTCH
Over the past decade, data standardisation ‘took a backseat’ relative to other regulatory driven priorities such as data transparency, reporting and accuracy. The financial services industry was focused predominantly on upgrading technology infrastructure and the associated pipelines for data, with less time spent on establishing how to standardise the format of what was coming through the pipes.
As the prospect of a no-deal Brexit looms nearer many firms have been implementing the final steps in their contingency plans to ensure there is minimal damage to existing contracts and client relationships.
The UK legal system is not built upon a single code of conduct, but rather has evolved to reflect changes in society’s culture and values.
In 2017, the Board of Governors of the Federal Reserve System (FRB) , the Federal Deposit Insurance Corporation (FDIC) ,
BY MICHAEL ROBERTSON
With little over a month until the UK is scheduled to leave the European Union, JDX continues to monitor some of the key challenges which could impact financial services companies in the event of a ‘no-deal’ Brexit.
With the threshold level for compliance and initial margin regulatory requirements set to fall to $750bn from September, JDX considers the legal, operational and systems challenges facing financial institutions.