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.

Mark Aldred Head of Sales at Auriga

Could the FCA and Fintech Rewrite the Rules for Branch and ATM Cuts?

On 26th July 2022, the FCA ended its consultation on whether its guidance on how banks close branch and ATMs services should be changed. This consultation was significant because it acknowledged current guidelines on these services were cut or altered were not working. So what should happen next? More Transparency From the FCA and the banks, we do...

28 July 2022 /retail /inclusion

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

Foreign Direct Investment Roundup Across Europe

Being that the UEFA Women’s Euro 2022 tournament is underway and Wimbledon has come to a close, I’ll devote this foreign direct investment roundup to the region. Plus, there have been quite a few announcements during Q2 so let’s get started. In Belgium, the government there has drafted legislation to establish a framework to screen foreign direct ...

12 July 2022 /regulation /markets

Nick Green Director at Purple Patch Broking Ltd

Improving consumer credit: A deep dive into the FCA’s recommendations for Fintech

According to an FCA survey, in 2020, 81% of UK adults had used a form of regulated credit within the last 12 months. As consumers move away from traditional, regulated forms of credit (like credit cards), how is the unsecured credit market shaping up? It’s changing rapidly — with fintech products becoming more easily accessible than ever before. W...

16 June 2022 /regulation /retail

John Bertrand MD at Tec 8 Limited

Scammers are Organised, Persistent and Digital

On seeing what looked like a factual internet reporting on Jeremy Clarkson on Day Time TV making money investing in a company using algorithms, a colleague and I agreed to go 50/50 on the €250 initial minimum investment. After filling in the questionnaire, the scammers called me on the number below and took the €250 fee. Upon re-calling the number...

06 June 2022 /payments /crime

Harriet Christie Chief Operating Officer at Mirrorweb

Shifting Goalposts: The Many Challenges of a Chief Compliance Officer

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

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

Update on Foreign Direct Investment Around the Globe

We finally got the Australian Government’s response to its Treasury’s evaluation of the 2021 foreign investment reforms and on 1 April the first part of these reforms went into force. This first part focuses on clarification and streamlining the processes of less sensitive types of investments; most notably: tightening the definition of ‘Australia...

04 May 2022 /regulation /markets

Nick Green Director at Purple Patch Broking Ltd

The state of data pricing: At a glance [behind the curtains]

Data pricing is a challenge faced by every credit provider. In a competitive market, Bureaux price variations mean that some credit providers pay up to 1,500% more (per search) than competitors for the same data from the same provider. This is due to a lack of transparency in the industry which makes it difficult for credit providers to achieve a ...

26 April 2022 /regulation /retail

Emily Harris Head of Compliance at Fiat Republic

An Open Letter to the FCA: Go Beyond Financial Promotions

At Fiat Republic, we are committed to helping the cryptocurrency industry navigate fast-changing financial regulations. Our crypto consortium is directly tied to this vision; it will represent responsible crypto providers, who will be encouraged and incentivised to stick to a single, predictable standard of compliance and transaction monitoring. T...

24 March 2022 /regulation /crypto

Andrew Lawton Founder & CEO at Reskube Ltd

Deadline looming for financial services firms to demonstrate operational resilience

31st March 2022 represents an important regulatory deadline for financial services firms in the UK. Last March, the Bank of England and FCA released their Operational Resilience Policy Statement. It requires that, by this date, UK financial services companies must have demonstrated that they have identified their important business services, and a...

24 February 2022 /regulation

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

Could Norway’s Tight Substantial Shareholding Disclosure Window Cost It Investment

It is widely known that Norway has one of the tightest substantial shareholding disclosure windows among countries. While many countries allow for reporting of substantial shareholding within days of a threshold breach, Norway’s requirement is immediately. What does immediately mean? According to Rulefinder, the online regulatory intelligence solut...

16 February 2022 /regulation /markets