High noon for surveillance: resolving tension between the costs of false positives, challenges of calibration, and compliance – A Team

When it comes to trade surveillance, regulators want firms to do their own alert calibration, examine all alerts, and keep auditable records. Firms need to balance the real cost of false positives with the technical challenge and risk of self-calibrating and auto-calibrating, while compliance, IT and vendors have to grapple with the need for defensible and transparent audit, which challenges dynamic parameters. The webinar will review recent regulatory statements noting concerns about how trading organisations are setting parameters and managing surveillance. Moving on, it will discuss approaches and technologies that can mitigate these concerns, and question whether advanced approaches such as machine learning are a help or hindrance. Finally, it will set out practical plans for achieving successful surveillance for Market Abuse Regulation (MAR).