4483 Results from /regulation
David Cocks Founder and CEO at CloudTrade
Even though the UK will not be adopting them any time soon... Contrary to what you might expect the founder and CEO of an e-invoicing business to say, the UK will not be adopting continuous transaction controls (CTCs) any time soon, and that is a good thing. However, CTCs are being implemented by many of the UK’s trading partners in Europe and ac...
05 August 2021 /payments /regulation Electronic invoicing
Ravishankar Poonjolai Industry Advisor at Tata Consultancy Services
As per Investment Company Act of 1940 of Securities Exchange Commission (SEC) of USA, investment management firms and business development companies can use derivatives in mutual funds, ETFs, and closed end funds, except money market funds, with exposure up to ten percent of their assets under management. SEC introduced a new rule under section 1
04 August 2021 /regulation /wealth RegTech
Retired Member
The GDPR law has been in effect since 2018, and since then many companies have been fined for their lack of concern for customers’ data privacy. What is the difference between how Amazon and Facebook were fined? Why did Amazon get fined more than others? The General Data Protection Regulation (GDPR) came into force on May 25th, 2018. A key aspect...
03 August 2021 /regulation
Anne Plested Regulation at ION Markets
As the UK gets ready to hit the reset button on the post-Brexit regulatory environment, the Treasury has recently shared its vision for the future. The flurry of speeches and publications circling around certainly sets out to paint a positive picture, both in the new chapter for financial services and the plans for the future framework for regula...
03 August 2021 /regulation /markets
Yulia Gavrilova Consultant at Serokell
Disruptive technologies in the financial sector are great with both lots of enthusiasm and lots of concern. While blockchain, decentralized payment systems, and lending apps make lives of many people easier, the mechanisms of their proper legalization and regulation are unclear. In this post, we are going to talk about how fintech regulation happe...
01 August 2021 /regulation /markets Banking Regulations
Carlo R.W. De Meijer The Meyer Financial Services Advisory (MIFS) at MIFSA
Stablecoins are one of the newest hot spots on the crypto market. They have the potential to enhance the efficiency of the provision of financial services including payments, and to promote financial inclusion. They might offer a new way to transact and retain value, starting to redefine modern finance. We all have seen their incredible growth in...
30 July 2021 /regulation /crypto Blockchain Observations
Cybercrime is rising across the board, and one of its top targets appears to be financial regulators. Financial services have long been on the front line of the fight against cybercrime. However, with attacks surging during the pandemic, that fight is becoming increasingly urgent. Regulators find themselves with the task of building capacity within...
29 July 2021 /security /regulation
Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC
Europe is lagging behind not only the US and Japan, but also China in terms of technological innovation. According to a 2019 article on World Economic Forum (WEF), China overtook the EU with R&D expenditure equivalent to 2.1% of GDP. The world’s 15 largest digital firms are not European! It is beyond question that Europe produces bright minds ...
28 July 2021 /regulation Artificial Intelligence and Financial Services
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
With so much happening in Fintech regulators have a challenge at hand. We have in recent past seen many regulatory actions in India and am sure there are many taking place globally too. Highlighting some as below: - - Curbs on UPI driven lending innovations like Bullet, Lazypay etc. as regulators felt they are more like Overdrafts rather than pa...
28 July 2021 /regulation Innovation in Financial Services
Jens Bader CEO at Funanga AG
SEPA is a European role model in payments harmonisation. It started as the logical next step after the introduction of the Euro as a single currency, and has already standardised Euro payments across borders and simplified payments via bank transfer, direct debit and debit card. Completing this mission has been a fantastic achievement unlike anyth...
28 July 2021 /payments /regulation SEPA and European Payments
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