Join the Community

21,800

Expert opinions

43,913

Total members

461

New members (last 30 days)

205

New opinions (last 30 days)

28,632

Total comments

Join Sign in

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

originally founded 01 Jul 2010

The owner has left this group
Become the owner

Join group Write an opinion

Retired Member

A New Dawn for CMCs

What does the future holds for Claims Management Companies? The PPI mis-selling scandal saw the emergence of a new industry with the birth of Claims Management Companies (CMCs). Producing riches for CMC bosses, and employing 20,000 people at its height, the CMC industry was unique to the UK, perfectly placed to help consumers secure PPI compensati...

27 January 2020 /regulation /retail

Retired Member

New FinTech Data Raises Questions and Regulatory Policy Issues

2020's FinTech policy cycle started relatively quietly today with an interesting set of FinTech data from De Nederlandsche Bank (the Dutch Central Bank): Working Paper No. 663 "The Economic Forces Driving Fintech Adoption Across Countries." The data in the report provide a solid overview of the global scale of the FinTech industry. Sp...

06 January 2020 /regulation

Michael Chambers Director | Head of Prudential at Wheelhouse Advisors

Record fine issued for governance and control failings over regulatory reporting

Yesterday, the UK arm of a large international banking group was fined £44 million for prolonged and pervasive shortcomings in its internal controls and governance arrangements around capital and liquidity adequacy and regulatory reporting. The record fine highlights the importance of regulated firms designing, implementing and operating appropria...

29 November 2019 /regulation /retail

Michael Chambers Director | Head of Prudential at Wheelhouse Advisors

A prudential end of year to-do list

With calendar year end right around the corner, now is a good time to think ahead about the annual review of your firm’s prudential governance arrangements. It’s a good time to sit down with a cup of coffee and reflect on the FCA’s consultation paper (or “CP”) from earlier this year; ‘Consultation 19/20: Our framework: assessing adequate financial...

29 November 2019 /regulation

Retired Member

Using automation to decrease risk in outsourcing for financial service organisations

Earlier this year, the European Banking Authority (EBA) issued its Guidelines on Outsourcing Arrangements, which highlighted areas of risk to banks and other financial organisations, relating to outsourced contracts. When we think of the potential risks of outsourcing, we tend to think about vulnerabilities that might lead to a cyber attack or bre...

05 November 2019 /regulation

Retired Member

Best Execution in the US: Three Things Broker-Dealers Need to Think About

As we head into 2020, US broker-dealers are preparing for new mandates on how they report transactions back to customers. The requirements – established by the Securities and Exchange Commission’s (SEC) updates to Rule 606 – aim to bring investors greater transparency and an assurance that orders are handled in line with the principles of best exe...

17 October 2019 /regulation

Saeed Patel Director of Product Strategy at KRM22

Crypto Regulation - Asia Leading the Way

The exponential growth of institutional and retail investor interest in the crypto markets has led to the inevitable need to reposition existing financial regulatory frameworks to incorporate supervision of digital asset markets. With the recent bitcoin surge back to above $10,000 per bitcoin, it is evident that crypto markets have become too subs...

15 October 2019 /regulation

Mark Demo Head of Community Development at AcadiaSoft

REGULATORY IM VALIDATION IN EUROPE AND THE U.S. - WHAT PHASE 5 AND 6 FIRMS NEED TO KNOW

Approximately 250 firms, including many more buy-side firms, could fall into scope for Phase 5 of the Uncleared Margin Rules (UMR), according to AcadiaSoft’s estimates. At the same time, firms will need to be prepared to address variations of the Initial Margin (IM) rules that may play out differently in Europe than in the U.S. AcadiaSoft will tak...

08 October 2019 /regulation

Konstantin Rabin Head of Marketing at Kontomatik

Fintech challenges in the Post Soviet space

There are many challenging areas for the traditional Fintech industry to get into, with one of the most challenging areas in the world being the Post Soviet space. This includes Russia and any country that used to be part of this space. The issues faced by the Fintech industry are many, and solving them goes beyond simply offering a superior servi...

02 September 2019 /inclusion

Mark Demo Head of Community Development at AcadiaSoft

U.S. AANA Calculation Concludes - What Does This Mean?

Friday, August 30 marks the end of the U.S. AANA (Average Aggregate Notional Amount) calculation period for uncleared over-the-counter (OTC) derivatives. By next week, all U.S.-based firms should know whether they are in-scope (or not) to move Initial Margin (IM) beginning September 1, 2020. What happens next? If your firm is not in-scope – cong...

28 August 2019 /regulation