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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