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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.

Harriet Christie

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 ...

/regulation

Mete Feridun

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...

/regulation

Oana Avramescu

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...

/regulation

Mark Aldred

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...

/retail /inclusion

Anna Monteiro

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 ...

/regulation /markets

Nick Green

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...

/regulation /retail

John Bertrand

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...

/payments /crime

Harriet Christie

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...

/regulation /people

Anna Monteiro

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...

/regulation /markets

Nick Green

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 ...

/regulation /retail

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