211 Results from 2021, /regulation
Katie Tillyer Business Development Manager at CloudTrade
Earlier this summer (July 2021) a news story explained how a Scottish fisherman, Jamie McMillan, had taken the decision to export his shellfish, caught off the Scottish coast, to Asia instead of across the Channel to near-by France. Why? Not for monetary gain, but purely because he faced completing approximately 3 hours of paperwork, every day, t...
11 August 2021 /payments /regulation The future of Payments in Europe
Andreas Hobbelin Head of AML & FCP at ZTL PAYMENT SOLUTION
A couple of years ago I was walking over Stureplan in Stockholm when I heard somebody yelling my name, I turned around and there was the little brother to one of my former childhood school friends who came to Sweden as a refugee in the 90s. He was tall, big and actually looked like a real crime figure. I couldn’t pretend that I didn’t recognize him...
06 August 2021 /regulation /crime RegTech
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 Consulting Partner at TCS
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 Owner and Economist 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
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