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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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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

Roberto Garavaglia Independent Advisor at Innovative Payments & blockchain Strategic Advisor

Brexit and digital payments: what are the impacts for the future

Since the stroke of midnight on 31 January 2020, United Kingdom 'is out', to use the same wording we have seen appearing in London's squares, to mark the country's exit from the European Union. Beyond an all too lively and often vague narration of the economic consequences that such a step, now taken, could have on the old continent (and not only)...

16 February 2020 /payments

René Hendrikse Vice President & Managing Director, EMEA & LATAM at Mitek

Curing the KYC compliance challenge with AI

Jokingly dubbed "deal prevention units" by some front-office staff, compliance teams now have the third most-stressful City jobs after that of an investment banker and a trader. Pre-crisis, pre-Brexit and pre-cybercrime, compliance used to be (almost!) a stress-free job with regular hours. As regulatory pressure intensifies and personal ...

04 February 2020 /ai /regulation

John Pucciarelli Director of Strategic Initiatives at AcadiaSoft

Regulation: A Surprising Catalyst for Innovation

Created in response to the global financial crisis, the Uncleared Margin Rules (UMR) are one of the most consequential regulatory events for the derivatives industry in recent years. While the rules were designed to reduce systemic risk, they have also led to a boom in technological innovation and standardization. Though not the original intention...

03 February 2020 /regulation

Retired Member

We Need More Clarity to Regulate Digital Assets on a Global Scale

Anyone who has spent more than a day in the space acknowledges the urgent need for more clarity on a host of issues related to digital assets, which is to say that regulating markets for digital assets is going to be one of the main priorities in the years to come. The EU's Fifth Money Laundering Directive (5MLD) came into effect on Jan 10 in para...

30 January 2020 /regulation

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