Regulation & Compliance - Long Reads, News, Articles & Research: Finextra

The Westminster Series: Digital must become the day to day

Chris Holmes Peer at House of Lords

The Westminster Series: Digital must become the day to day

Last week Coinbase floated on the NASDAQ and this week, UK Fintech Week, started with the Chancellor’s announcement of a joint Bank of England and Treasury taskforce on Central Bank Digital Currencies (CBDC), so it seems sane to stop and consider whether we are at a bit of a moment. Are we accelerating towards that digitally enabled, underpinned ...

20 April 2021 /regulation

Crypto Regulation Series: An exploration of the UK's cryptoasset landscape

Stephen Elam Partner at Cooke Young & Keidan

Crypto Regulation Series: An exploration of the UK's cryptoasset landscape

This piece was co-authored by Stephen Elam and Peter Stewart, of Cooke Young & Keidan. Less than three years ago, the Parliament’s Treasury Committee referred to cryptoasset markets as a “Wild West”, in which consumers were “afforded very little protection from the litany of risks”. As crypto markets developed at a rapid pace, there was consid...

29 March 2021 /regulation

Will boosting the UK Government's role in fintech drive tangible change?

Paige McNamee

Will boosting the UK Government's role in fintech drive tangible change?

Incoming Finextra Contributor Lord Chris Holmes, Member of the UK House of Lords, recognises the role fintech will play into the future of UK financial services and is loudly championing its cause. Finextra’s conversation with Holmes could not be more timely. While Ron Kalifa OBE’s comprehensive review into Fintech in the UK was welcomed by the in...

22 March 2021 /regulation

An in-depth look into the Kalifa Fintech Review ahead of the 2021 Budget

Paige McNamee

An in-depth look into the Kalifa Fintech Review ahead of the 2021 Budget

The release of Ron Kalifa OBE’s Review into the future of UK fintech set off a tidal wave of support across the industry. The Review outlines a plan to “bolster” the UK’s dominance in a global setting, and warns that “the trajectory of UK fintech is at an inflection point of opportunity – and risk. While the UK’s position is well established, its...

02 March 2021 /regulation

How digital banks’ legal departments weathered the Covid-19 storm

Paige McNamee

How digital banks’ legal departments weathered the Covid-19 storm

With digital platforms, smaller teams, and often cloud-based infrastructure, it seems that fresh-faced fintech banks weathered the Covid-19 storm better than their incumbent counterparts. More specifically, their legal departments did. According to a 2020 report by PwC, 62% of legal executives are very or moderately concerned about how major disru...

26 February 2021 /regulation

Why digitising corporate onboarding should be at the top of banks’ agenda

Paige McNamee

Why digitising corporate onboarding should be at the top of banks’ agenda

First impressions matter. First impressions set the tone of a relationship, they inform how an initial interaction may blossom into a mutually beneficial affair, or (god forbid), how it may fizzle into a regretful obligation mired by conflict and frustration. The same logic rings true for financial institutions as they navigate the challenge of onb...

18 December 2020 /regulation

Regulatory Change Management: solving the modern Rubik’s Cube

Richard Dupree CEO and Founder at Riskliance

Regulatory Change Management: solving the modern Rubik’s Cube

The very reclusive inventor of arguably the world’s most popular 3D puzzle, the Rubik’s Cube, just recently published his first book. The book is all about his iconic puzzle and comes almost 50 years after he introduced his invention to the world. The inventor’s, and now author’s, name is Ernő Rubik. Ernő has been obsessed with puzzles since he wa...

05 November 2020 /regulation

What should be taken into account if Artificial Intelligence is to be regulated?

Juan Murillo Arias Data Strategist at OdiseIA

What should be taken into account if Artificial Intelligence is to be regulated?

In this article, Juan Murillo, Senior Manager of Data Strategy at BBVA, and Jesús Lozano, Manager of Digital Regulation at BBVA, analyse the potential implications of Artificial Intelligence regulations and share their insights into the considerations that should be taken into account to ensure that regulatory aspects support the proper developmen...

26 October 2020 /regulation

Will there be a world where blockchain and GDPR peacefully co-exist?

Paige McNamee

Will there be a world where blockchain and GDPR peacefully co-exist?

As we know, GDPR is new regulation. New regulation faces teething issues. This is an unavoidable reality. While many have claimed that blockchain is a solution in need of a problem, Covid-19 has proved a powerful springboard for a surge in blockchain based platforms, designed with the intention of solving pandemic induced problems. This push for i...

19 October 2020 /regulation

How will Covid-19 re-write the demise of LIBOR?

Paige McNamee

How will Covid-19 re-write the demise of LIBOR?

It’s difficult to encapsulate in a succinct, let alone enchanting way, the leading role that LIBOR plays across the global economy. The economic protagonist of sorts touches on approximately $400 trillion of contracts and lending products across the world, and the arrival of Covid-19 has made the challenge of disentangling associations with the ra...

07 May 2020 /regulation

Why 'Dutch panic' surrounding PSD2 & GDPR interplay may be an overreaction

Paige McNamee

Why 'Dutch panic' surrounding PSD2 & GDPR interplay may be an overreaction

Earlier this year, Dutch data protection agency De Autoriteit Persoonsgegeven launched an investigation into whether fintech companies in the Netherlands are correctly collecting personal data under PSD2, and whether this approach conflicts with GDPR requirements. When asked why De Autoriteit Persoonsgegeven (AP) commenced this investigation, Quint...

20 April 2020 /regulation

Could Brexit open the gates to AI in the UK?

Paige McNamee

Could Brexit open the gates to AI in the UK?

The UK is outwardly pursuing an adequacy decision from Europe regarding its current data protection and privacy regulations. However, the idea of eschewing outright assimilation with relevant EU laws is gaining traction as it provides an opportunity to sculpt a more appealing privacy framework. As it stands, come 31 December 2020, the UK will have...

09 March 2020 /regulation

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