Case Study
Market Abuse Risk (MAR) surveillance
Regulation & Compliance | Banks | London
The Background
- A major bank initiated a Market Abuse Risk (MAR) programme to remediate all the regional regulatory gaps for Market Abuse
The Challenge
- The bank requested programme management support from NextWave to ensure the closure of all issues and corrective actions within their MAR Plan, co-ordinating with the global delivery programmes as well as relevant business teams
- These changes include all improvements to risk manage Market Abuse including Supervision, Surveillance, Control Room, Conflicts and Information Barriers
The Approach
- The NextWave Progamme Manager reported to, and took day-to-day direction from bank's Project and Programme Leads
- NextWave organised and ran workshops as required to validate and review the current state and impact on the business of any Legal and Compliance findings and/or decisions by senior programme sponsors
- The findings and approach were documented to create an audit trail of the plans and decisions
The Impact
- Programme management and delivery activities for the Market Abuse Risk (MAR) programme and associated transformation workstreams
- Contribution and technical industry subject matter specialist topics successfully shaped and delivered the Market Abuse Risk (MAR) programme
- Positive Quality Assurance (QA) feedback from the back
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