Brain trust: Kaizen launches board of experts to boost quality of regulatory reporting data
08 June 2021 UK
Image: Mark Ibbotson
Kaizen Reporting has set up a new advisory board designed to improve regulatory reporting data quality.
The Advisory Board, which will support both Kaizen and the wider industry, is chaired by Mark Ibbotson and consists of regulation, technology, law and financial services experts David Lawton, Ana Fernandes, Catherine Langlais, Jonathan Herbst and David Nowell.
The board will provide specialist guidance and solutions for clients, non-clients, trade bodies, other stakeholders and regulators.
Mark Ibbotson is non-executive chairman of G. H. Financials, a UK-based provider of global clearing solutions for exchange traded futures and options contracts. Prior to this, he was group CEO where he oversaw a major strategic expansion of the firm’s customer base and its global presence in futures clearing across the world’s leading derivatives exchanges.
David Lawton has over 30 years of experience in regulatory and public policy roles and is currently senior advisor to Alvarez & Marsal, a management consulting firm headquartered in New York. Lawton is also a non-executive director on the boards of DTCC’s Trade Repository businesses. He previously held roles as director of markets and director of markets policy and international at the UK’s Financial Conduct Authority (FCA).
Ana Fernandes is head of compliance at Natixis Portugal. She previously spent over 13 years at the UK’s FCA, leading the work in MiFIR Transaction Reporting and representing the UK at ESMA working groups. Subsequently, Fernandes managed the Markets Reporting team, which was responsible for the implementation of the transaction reporting, instrument reference data and data reporting service provider’s regimes in the UK.
Catherine Langlais is an independent non-executive director at UK-based futures market institutional liquidity provider OSTC and at Mastercard Europe. She was previously the general counsel and executive legal director of the Euronext Group. In 1990, Langlais joined French futures exchange and clearing house Matif SA as head of legal and, following the merger with the Paris Securities Exchange, was instrumental in the creation of the Euronext Group in 2000.
Jonathan Herbst is a partner and global head of financial services regulation at international law firm Norton Rose Fulbright. Herbst was previously head of european law at the UK’s now defunct Financial Services Authority (FSA). Herbst specialises in regulatory advice relating to bank structuring, markets, commodity derivatives, custody and clearing and the regulatory aspects of acquisitions and disposals.
David Nowell has over 30 years of financial services experience, having worked previously at Kaizen and for the FSA, Reuters, Credit Suisse and the London Stock Exchange. Nowell was a technical specialist within the Transaction Monitoring Unit at the FSA, where he was responsible for shaping the transaction reporting rules and providing guidance to UK firms.
Kaizen CEO Dario Crispini says: “The new Advisory Board will be instrumental in looking at the way the industry operates and how it can improve the quality of the data that regulators rely on so heavily to monitor for both market abuse and financial stability.
“Our overall strategy and ongoing innovation will be pivotal as we build out the business further and ensure that we continue to offer our clients the best possible services and solutions to satisfy their and the regulators’ needs.”
The Advisory Board, which will support both Kaizen and the wider industry, is chaired by Mark Ibbotson and consists of regulation, technology, law and financial services experts David Lawton, Ana Fernandes, Catherine Langlais, Jonathan Herbst and David Nowell.
The board will provide specialist guidance and solutions for clients, non-clients, trade bodies, other stakeholders and regulators.
Mark Ibbotson is non-executive chairman of G. H. Financials, a UK-based provider of global clearing solutions for exchange traded futures and options contracts. Prior to this, he was group CEO where he oversaw a major strategic expansion of the firm’s customer base and its global presence in futures clearing across the world’s leading derivatives exchanges.
David Lawton has over 30 years of experience in regulatory and public policy roles and is currently senior advisor to Alvarez & Marsal, a management consulting firm headquartered in New York. Lawton is also a non-executive director on the boards of DTCC’s Trade Repository businesses. He previously held roles as director of markets and director of markets policy and international at the UK’s Financial Conduct Authority (FCA).
Ana Fernandes is head of compliance at Natixis Portugal. She previously spent over 13 years at the UK’s FCA, leading the work in MiFIR Transaction Reporting and representing the UK at ESMA working groups. Subsequently, Fernandes managed the Markets Reporting team, which was responsible for the implementation of the transaction reporting, instrument reference data and data reporting service provider’s regimes in the UK.
Catherine Langlais is an independent non-executive director at UK-based futures market institutional liquidity provider OSTC and at Mastercard Europe. She was previously the general counsel and executive legal director of the Euronext Group. In 1990, Langlais joined French futures exchange and clearing house Matif SA as head of legal and, following the merger with the Paris Securities Exchange, was instrumental in the creation of the Euronext Group in 2000.
Jonathan Herbst is a partner and global head of financial services regulation at international law firm Norton Rose Fulbright. Herbst was previously head of european law at the UK’s now defunct Financial Services Authority (FSA). Herbst specialises in regulatory advice relating to bank structuring, markets, commodity derivatives, custody and clearing and the regulatory aspects of acquisitions and disposals.
David Nowell has over 30 years of financial services experience, having worked previously at Kaizen and for the FSA, Reuters, Credit Suisse and the London Stock Exchange. Nowell was a technical specialist within the Transaction Monitoring Unit at the FSA, where he was responsible for shaping the transaction reporting rules and providing guidance to UK firms.
Kaizen CEO Dario Crispini says: “The new Advisory Board will be instrumental in looking at the way the industry operates and how it can improve the quality of the data that regulators rely on so heavily to monitor for both market abuse and financial stability.
“Our overall strategy and ongoing innovation will be pivotal as we build out the business further and ensure that we continue to offer our clients the best possible services and solutions to satisfy their and the regulators’ needs.”
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