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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

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Nicola Cowburn Chief Marketing Officer at CUBE

The Only Way to Untangle Regulatory Complexity

The tangled web of regulation is hitting the headlines, yet again. Changes proposed by the Federal Trade Commission (FTC) to the 2003 Safeguards Rule have been met by warnings from the American Financial Services Association (AFSA) that they may contain ‘traps’ for unwary financial institutions attempting to meet both state and federal laws. How...

20 March 2019 /ai /regulation

Gustav Korobov Senior Sales Executive - Core Banking platform at Advapay

No-deal Brexit negative effect for Payment Service and E-money Institutions authorised in the UK

Recently we published news on the survey that indicated that about a third of UK businesses are considering relocation due to Brexit. Many Authorised Payment Service Institutions and Authorised E-money Institutions based in the the UK also acquired licenses in the EU Member States and established subsidiaries or at least made applications. There ...

12 March 2019 /regulation

Darren Thomas MD at IHS Markit

Unclear Rules to Follow: Words of Wisdom for Asset Managers Coming into the Scope of UMR

This past fall, Phase 3 of initial margin reform came into force. All firms holding more than $1.5 trillion USD in notional in uncleared derivatives were required to post margin in a manner compliant with the rules of a new global margining framework. This new framework, passed by regulators in all major jurisdictions, is composed of stringent rul...

19 February 2019 /regulation

Retired Member

Cybercurrencies and the need for regulation

Anyone with a pulse and the money to cover legal fees can issue a cybercurrency. Once the cybercurrency is created, however, brokers are needed to sell and make a market for it. Given cybercurrencies are an unregulated market, then there are few concerns over how much commission is paid to the broker. The bigger the commission, the greater incenti...

11 January 2019 /regulation

Marc Gratacos Founder and Managing Partner at TradeHeader

Product categorization

With the pressures around regulatory compliance only continuing to intensify, the critical role played in the reporting of financial transactions by product category codes has come into ever sharper focus. Product categorization involves comparing products that may be structurally very similar in 99% of their features – it is the remaining 1% that ...

17 December 2018 /regulation

Shaun Thomas Product Manager at Namescan

The future of Anti-Money Laundering Compliance

It is common practice for AML compliance departments to be traditionally people-heavy and technology inefficient. This is set to change in the next five years or so, with AML compliance departments planning on making large investments into new technology that significantly reduces staff count. Some of the areas that are due for the most change inc...

11 December 2018 /regulation

Sam Goffman Business analyst at Forex

The worst month for Bitcoin in seven years and ICO problems

On Saturday, December 1, the cost of Bitcoin rose to the level of $4,300. Then it dropped again: today, December 5, the cryptocurrency is trading at $ 3,850. Last weekend, several events occurred at once that have already influenced the situation in the industry and may change it in the future. 77.6% miners use renewable energy sources CoinShares ...

05 December 2018 /inclusion

Henri Wajsblat Financial Services Expert at Anaplan

Demystifying banking stress tests

Henri Wajsblat, Anaplan’s Head of Financial Services Solutions, interviewed Chappuis Halder Director Vincent Wiencek about implementation challenges of banking stress tests, and what banks should expect from technology. Q: Among all banking regulations, stress tests seem to be a major concern. Why are stress tests a real challenge for the banks?...

08 November 2018 /regulation

Martin Kisby Head of Compliance at Equiniti Credit Services

Don’t be weak in spotting vulnerability

Is the answer to how best to define a vulnerable consumer really as simple as quoting the FCA’s definition? “A vulnerable consumer is someone who, due to their personal circumstances, is especially susceptible to detriment, particularly when a firm is not acting with appropriate levels of care.” Whether every vulnerable consumer ‘is especially susc...

24 October 2018 /regulation

Brandon Li Product Manager at Austreme

Brand Protection: Combating Online Counterfeit with AI

Online sales of branded and luxury items have been rising drastically, in the recent decade. While all the brands are investing big money on establishing online stores, organizing marketing campaigns and doing all the operation enhancements, on the other hand, the online counterfeit sellers are taking a free ride on brand owners’ effort and inv

10 October 2018 /ai /regulation