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.

Retired Member 

Why Enterprises Should Extend eComms Compliance and eDiscovery Defences

Many enterprise electronic communications (eComms) applications offer an attractive proposition to businesses by delivering lower costs, more features and access to newer desktop apps. But while they might be extremely effective business tools, often they don’t provide the functionality required to meet the compliance and eDiscovery needs for orga...

02 June 2017 /security /regulation

Stuart Lacey Founder at Trunomi

GDPR 1 Year Countdown: Ready or Not?

In less than 1 year the General Data Protection Regulation (GDPR) will be enforced. If you haven’t heard by now; the GDPR will fundamentally change the way that companies capture, manage and store information of EU Citizens. The primary aim of the regulation is to protect EU Citizen’s right to privacy, give them back control over their personal da...

30 May 2017 /regulation

Retired Member 

Robotics and AML: Enhancing, Not Replacing, Your Analysts

The robots are coming, the robots are coming! Everywhere you look, you see whitepapers and discussions about robotics and its use in AML and compliance generally. And rightfully so, this is definitely going to be a boon to the industry in allowing for more efficiency, consistency, and effectiveness. The problem with all the content and hype is tha...

16 May 2017 /regulation

Ivy Schmerken Editorial Director at FlexTrade Systems

Order Protection Rule Tug-of-War

There is still uncertainty around the fate of the Order Protection Rule, a key rule governing U.S. stock trading that has led to more complexity, speed and order types, but also protects retail investors from receiving inferior prices on their orders. Also known as the trade-through rule, Rule 611 has been and still is a central tenet of Regulatio...

25 April 2017 /regulation

Retired Member 

WhatsApp: A reminder that MiFID II compliance is about content not channel

As the FCA publishes its near final rules on MiFID II and fines a former investment banker for sharing confidential information over WhatsApp, now is a good time to look at why firms need to be able to find content and understand the context of a conversation quickly and easily, irrespective of the applications in use. The nature of the modern wor...

25 April 2017 /regulation

Saloni Ramakrishna Author; Senior Director at Oracle

AnaCredit - the Nuanced regulation

I am quite fascinated with the European Central Bank’s (ECB’s) AnaCredit Regulation that came into effect on 18th May 2016 – A regulation that requires granular credit data sets from the national central banks (NCBs) of the member countries based on the data they collect from their constituents- Banks and Credit Institutions. The project was initi...

24 April 2017 /regulation

Henri Wajsblat Financial Services Expert at Anaplan

The new twists in the road for the future of CCAR

Henri Wajsblat, Anaplan’s Director of Financial Services for Product Marketing, interviews Comprehensive Capital Analysis Review (CCAR) expert, Kenneth Gustin, Ph.D., on regulatory reporting programs in the U.S. banking industry and the new opportunities driven by recent technology innovations. Q: Some might say that CCAR/DFAST (Dodd-Frank Act Str...

29 March 2017 /regulation

Retired Member 

Preventing Due Diligence Issues with FinTech and RegTech

Being the subject of an audit or regulatory exam can be a nerve-wracking ordeal. Given most banks disparate systems, inconsistent manual processes, and ever existing human error – there is generally real fear that an issue will be found, despite the best efforts of competent people. Enter FinTech and RegTech. By utilizing these solutions to unify ...

27 March 2017 /regulation

Retired Member 

Does the EBA’s risk based approach to Strong Customer Authentication destroy frictionless payments?

There has been a flurry of excitement since the publication of the EBA’s draft Regulatory Technical Standards (RTS) on 23rd February 2017. While there is much to consider within its 153 pages, the focus of this blog is on Article 16 and the new Transaction Risk Analysis approach to exempting transactions from Strong Customer Authentication (SCA)....

14 March 2017 /payments /regulation

Stuart Lacey Founder at Trunomi

GDPR, PSD2 & ePrivacy: New Regulations Will Drive Financial Services Innovation

Few people associate regulation with innovation. For some, its seen as a necessary evil to protect consumer rights and fight fraud. For others, it’s a straitjacket that can reduce operational agility. Much has been said about the opportunity to enhance the customer experience by strengthening individual data rights under the General Data Protectio...

13 March 2017 /regulation