Financial Services Regulation

Group founded 01 Jul 2010
Posts 558
Members 60
Group summary

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.

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Dmitrii Barbasura

Working with Technical Service Providers under PSD2

According to PSD2, regulated TPPs are allowed to access banks’ PSD2 interfaces. TPPs can choose whether to integrate with banks on their own or to rely on an aggregator - Technical Service Provider (T...

30 Jul 2019
Mark Demo

BCBS and IOSCO Add Sixth Phase to Global Regulatory Initial Margin Rollout

Today, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) recommended that prudential regulators add a sixth phase to the global reg...

23 Jul 2019
Richard Warren

Why the payments industry needs to act quickly on the EBA’s latest PSD2 SCA Opinion

On Friday 21st June the EBA published a new Opinion Paper on the elements of strong customer authentication (SCA) under PSD2 which has been subsequently been backed up a by confirmatory statement fr...

28 Jun 2019
Keith Stonell

Technology Can Help Insurers Respond to FCA on Charges of Poor Customer Service

Back in April, the CEOs of UK insurers, brokers, and other providers, received a letter from the Financial Conduct Authority (FCA) telling them to sort out poor customer service or else. This is all p...

25 Jun 2019
Mark Demo

Monitoring OTC trades to ensure IM compliance

In late March, the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) issued guidance to national regulators stating that Phase 4 and 5 ...

10 Jun 2019
Matt Smith

MiFID II - Moving past the challenges

Since MiFID II was implemented at the start of 2018, financial markets have struggled to adapt to the new and rigorous regulatory requirements. Recently, high profile cases have brought the consequenc...

10 Jun 2019
Chris Holmes

Status Check: Real-Time Payments in the US

During the past months, the Federal Reserve’s Faster Payments Task Force has made huge steps towards the implementation of a faster payments / real-time payments system in the US. As a result, the Fed...

30 May 2019
Evgeny Likhoded

AI in Compliance: the last but most urgently needed digital transformation

Artificial Intelligence (AI) is the latest technology to permeate the fast-moving financial sector, finding applications in everything from trading and fraud detection to credit risk evaluation and m...

14 May 2019
Retired Member

Wiring financial organisations for regulatory success

Regulatory compliance is a time and resource-consuming burden for every financial institution – since the Global Financial Crisis, regulatory requirements have increased exponentially. Regulators are ...

01 Apr 2019
Nicola Cowburn

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 Fina...

20 Mar 2019
Gustav Korobov

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-mon...

12 Mar 2019
Darren Thomas

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 ...

19 Feb 2019

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