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.

Mitzi Pryce Senior Consultant at BCS Consulting

Through the looking glass: Why aligning regulatory permissions is key to unlocking profits

2020 is an unprecedented year for business. The global COVID-19 pandemic has decimated economies worldwide and with Brexit looming, the future for UK business is unclear. Just as Alice fell into Wonderland in Lewis Carroll’s Through the Looking Glass, we have fallen down an economic rabbit hole where nothing is certain and everything is possible. ...

25 June 2020 /regulation /covid-19

Adam Krug CLM Ambassador at Pegasystems

Key Questions to Ask When Investing in a Client Onboarding Solution to get it right first time

30 years ago, financial services built everything in-house. Nowadays, with so many off the shelf software products for trading and transaction systems – accounting, HR, CRM to name a few – the challenge now is which vendor to select. In the words of Tony Soprano, “Believe none of what you hear and half of what you see.” When it comes to investing...

24 June 2020 /regulation /crime

Adam Krug CLM Ambassador at Pegasystems

Case Management for solving Fin Crime Risk

2019 saw the FCA dishing out the highest level of fines ever, totalling nearly £400m in a twelve-month period. This included hefty penalties relating to anti-money laundering failings. However, in the FCA’s 2019 thematic review the organisation did provide its recommendations for how banks can better their AML processes, stating, “For an effectiv

09 June 2020 /regulation /crime

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

COVID-19 Brings Renewed Concerns Over Foreign Direct Investments

Late 2018 into early 2019, there was increasing attention put on foreign direct investment in sensitive sectors by several major jurisdictions. At that time, the driver for this focus was a volatile political landscape stemming from the breakdown of trade between the US and China, as well as uncertainty of the US’ involvement in NATO and Russia’s ...

08 June 2020 /regulation /markets

Retired Member 

RegTech on the rise as FinTech seeks to remain compliant and competitive

Whilst lockdowns are being lifted in some parts of the world, few expect a return to pre-coronavirus norms. However, while work-life habits may have changed, in sectors such as FinTech working patterns were already much more flexible and fluid. Indeed, in financial services more broadly, rapid and transformative change is constant and has been give...

29 May 2020 /regulation /covid-19

Freddie McMahon Director Strategy and Innovation at DF2020 Ltd

The dangerous risk of interactions with regulation

Now is the time to challenge convention Our interactions with regulation play a ubiquitous and increasing role in the world economy. Individuals and organizations interact with regulation to ensure compliance and safeguard actions within firms, between firms and all the way through markets to the end consumer. Given the pervasive nature of interac...

28 May 2020 /regulation /covid-19

Retired Member 

A strong base for Client Lifecycle Management and KYC allows banks to adapt to changes

Covid 19 has highlighted a need for firms in the business world to be adaptable to rapidly changing conditions. In Financial Services, changing regulations and requirements from regulators mean that day to day users need to have solid processes and case management tools which allow them to maintain a strong structure of checks and balances. At th...

15 May 2020 /wholesale /crime

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

COVID-19 Highlights the Need for Automation in Shareholding Disclosure

Shareholding disclosure, the requirement to report holdings in publicly traded companies to regulatory agencies, has been a regulatory obligation for decades. But like most regulatory obligations, firms try to manage the burden with manpower first. So, between OMS reports and excel spreadsheets, compliance officers try their best to determine what...

04 May 2020 /regulation /markets

John Pucciarelli Director of Strategic Initiatives at AcadiaSoft

The New Normal -- COVID-19 Perspectives

If you’ve been working in and around financial markets long enough, you’ve seen your fair share of volatility and downturns like the one we are experiencing now. In times like this, it is natural to look back and make comparisons against other times of stress to assess how markets reacted and what the fallout was after the crisis. Even though my g...

02 April 2020 /regulation /covid-19

Charu Kirti Jain Director for Corporate Actions Services at IHS Markit

Will financial institutions make the SRDII deadline

With barely six months remaining before the September 2020 deadline for European Commission’s implementing regulation 2018/1212 for Shareholder Rights Directive II (SRDII), firms operating as financial intermediaries are focused on planning for compliance. SRDII is aimed to improve corporate governance in EU member states The European parliament pu...

06 March 2020 /regulation