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.

Retired Member 

The climate reporting challenges facing the financial services sector

In November, digital transformation companies, fund operators and other key stakeholders convened at the annual Fund Operator Summit to consider the major challenges facing the financial services sector in the coming years. One of the key themes of the discussions that took place emphasised how climate reporting is now more critical than ever. I...

09 December 2022 /regulation /wealth

Christopher Colley Industry-recognized CX leader at Financial Services

Three-step plan for Consumer Duty (and other customer-focused regulation)

As financial institutions worldwide battle the headwinds of tighter monetary policy and slowing economic growth, they are having to do so in an environment of increased regulatory scrutiny. Last month, the European Supervisory Authorities (ESAs) laid out their requirements for the disclosure of financial products' exposure to fossil gas and nucle...

22 November 2022 /regulation /retail

Retired Member 

The role of digital transformation in supporting modern businesses in the financial services sector

Over the past few years, the financial services sector has undergone a complex regulatory evolution. Even past the usual flow of regulation change and shifting reporting standards, there are two key trends driving this change, and which put firms at risk of falling behind if not grappled with effectively. The first trend is the ever-growing inves...

15 November 2022 /regulation /sustainable

Harriet Christie Chief Operating Officer at Mirrorweb

FCA New Consumer Duty: The Role of Data Archiving

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

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Foreign Direct Investment Q3 Snapshot

Following up on my 2nd quarter foreign direct investment review, we’ll pick it up in Ireland which set out a new FDI screening rule similar to that of the UK. The Screening of Third Country Transactions Bill 2022 should be enacted before end of year and will require notification of transactions in issuers with activities affecting security or publ...

24 October 2022 /regulation /markets

Pascal Aerens CPO at Neterium

Sanctions and the friction reduction paradox

Last week, the banking community gathered in person again for SIBOS, the largest global financial services networking event organised by SWIFT. Many sessions focused on reducing friction in payments. Today’s complex geopolitical landscape meant that sanctions – a major source of friction – were top of mind for many in attendance. As the financial ...

23 October 2022 /regulation /crime

Donnie MacColl Director of EMEA Technical Services at HelpSystems

New Payment Security Standards Update Lacks Sense of Urgency

As COVID hit businesses around the world, and shops were either closed or no longer accepting cash as the preferred method of payment, we saw a dramatic increase in payment card data volume. Fast-forward to today, and the volume of online transactions and use of point-of-sale machines continue to soar. As most of the data is held in the cloud, the...

13 October 2022 /security /payments

Harriet Christie Chief Operating Officer at Mirrorweb

The SEC's New Marketing Rule: How to Stay Compliant and Avoid Big Fines

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

Mete Feridun Chair at EMU Centre for Financial Regulation and Risk

What do EBA’s final SREP guidelines and RTS mean for investment firms?

The European Banking Authority’s (EBA) final regulatory products with respect to the Investment Firms Directive (IFD) published on 21 July 2022 are expected to harmonise the supervisory practices regarding the supervisory review and evaluation process (SREP) of investment firms. The new regime spans a broad range of prudential areas ranging from c...

13 September 2022 /regulation

Oana Avramescu Global Insurance Solution Lead at SAS

Insurance Capital Standard 2.0: A path to regulatory transformation

Sweeping regulatory changes are happening worldwide in risk management. With the imperative to standardize finance for the stability of the global economy – crucial in the wake of COVID-19 and growing climate risks – regulators are intent on creating greater transparency in the financial services industry. There are many examples of this regulato...

17 August 2022 /regulation