19 Results
Harriet Christie Chief Operating Officer at Mirrorweb
Across all sectors, organizations are steadily publishing more and more content online. This has become even more prominent post-pandemic, as the global community shifted online to overcome the physical limitations placed upon them by lockdown. Websites are used to sell products and services to clients, to publish and share sales and marketing mat...
16 January 2023 /regulation /startups RegTech
In September 2022, the Securities Exchange Commission (SEC) and Commodity Futures Trading Commission (CTFC) reached settlements totalling around $1.8 billion with 12 of Wall Street’s leading investment banks. The prominent institutions, which included Morgan Stanley, Citigroup, Goldman Sachs and Bank of America, were penalized for failing to monit...
03 January 2023 /regulation /crime RegTech
The UK Financial Conduct Authority’s (FCA’s) latest strategy document sets out its overarching strategy for the next three years, with the new Consumer Duty being the ‘cornerstone’. The long-awaited overhaul signifies a pivotal moment in UK financial services, as the regulator attempts to modernise the framework through which the sector is govern...
09 November 2022 /regulation /retail Financial Services Regulation
Regulatory technology (RegTech) companies perform exactly the function you’d expect; they provide technology which is used by businesses to manage and enhance regulatory processes in order to achieve and prove compliance. It’s a sector which is now growing at a pace of 19.5 percent annually, and is expected to hit $21.73 billion by 2027, according...
14 October 2022 /regulation /cloud RegTech
The U.S. Securities and Exchange Commission’s (SEC’s) Marketing Rule was approved in December 2020 and came into effect on May 4, 2021. From that point, Registered Investment Advisers (RIAs) have had an 18-month transition period — until November 4, 2022— to fully adhere to its updated regulations. This article will delve into how and why it has ...
14 September 2022 /regulation Financial Services Regulation
Following a year of intense highs and lows in the crypto market, March 2022 saw speculation intensify around a White House Executive Order that was supposedly imminent. President Biden signed the document on Wednesday March 9th, in what many viewed as a potential watershed moment for the industry. Legislative upheaval is, however, a meticulous pr...
18 July 2022 /regulation /crypto Cryptocurrency Insights
A new framework was recently put forward by the National Society of Compliance Professionals (NSCP), as it seeks to better define its members' personal liability in a firm’s regulatory mishaps. It appears that compliance officers are feeling vulnerable as regulations intensify around them. And who can blame them, considering the additional pressur...
17 May 2022 /regulation /people Financial Services Regulation
2021 was a major year for cryptocurrency. We witnessed all-time-highs and steep plummets, but one clear trend amongst the volatility is that public discussion on the topic reached hitherto unseen levels. This was fueled by such diverse factors as bitcoin upgrades, NFT artwork, China’s September ban, and Elon Musk’s SNL antics. The spotlight has c...
07 March 2022 /regulation /crypto Trends in Financial Services
On July 22nd, FINRA CEO Robert Cook revealed that a sweep related to financial services influencers ‘is coming’. It eventually arrived in September, hot on the heels of the SEC requesting comment on the ‘digital engagement practices’ used by investment advisers and broker-dealers. The SEC was most interested in how tools are used that appeal to in...
07 January 2022 /regulation /people Trends in Financial Services
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