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.

Eran Noam Vice President Global Sales & Business Development at Shield FC

Capturing Communications isn’t Compliance

It is six months since the Markets in Financial Instruments Directive (Mifid II) came in to force and two months since the General Data Protection Regulation (GDPR), which means you are probably feeling the effect of regulation exhaustion. It is undoubtedly a long and tiring road to get to a stage where you can say, with confidence, that the organ...

06 August 2018 /regulation

Retired Member 

Huge money and reputation. Why does the market need institutional investors?

Large investment funds, banks and other traditional financial organizations are getting closer to the blockchain technology. Under a certain scenario, they may bring this sphere to a new level. An important stage in the development of the cryptocurrency market is the arrival of institutional investors. These are insurance organizations, banks, inve...

31 July 2018 /regulation

Retired Member 

Challenges in Building Effective Risk Appetite

A Difficult Task, But a Necessary One The Challenges of Gauging Effective Risk Appetite Managing a bank’s risk appetite strategy is unique to each organization. Unlike some areas that are more clearly regulated — for example, FDIC-insured deposit accounts — the level of risk an institution is willing to incorporate into its overall management port...

16 July 2018 /regulation /wholesale

Retired Member 

The Big Bang of Fintech , Regtech and Suptech

Imagine a capital markets desk of a financial institution where a trader is about to press enter on the keyboard to initiate a market position when a message pops up on the computer screen from a regulatory agency notifying of a compliance violation before the trade is entered. With the emergence of SupTech, that day is closer than you think. As...

16 July 2018 /ai

Retired Member 

Private Sectors Might Be Asked To Comply With IR35 Rules

The government has taken steps to bring the private sector under the IR35 rules. The proposal is now in the consulting department and if it gets implemented, the businesses that are engaging the individuals to offer their services through, the company would be responsible in deciding on whether the IR35 rule applies or not. Right now, as per the c...

30 June 2018 /inclusion

Ivy Schmerken Editorial Director at FlexTrade Systems

Global FX Code Gains Adoption but Last Look is a Thorny Issue

Over 200 market participants have signed the FX Global Code of Conduct, a voluntary set of principles published a year ago to restore trust and curb bad behavior in the wholesale foreign exchange market. Citing a rapid increase in the number of signatories from every corner of the foreign exchange markets, the Foreign Exchange Professionals Associa...

14 June 2018 /regulation

Balazs Fejes President Europe and APAC at EPAM Systems

Could Text Analytics be a Remedy to Optimize How You React to Major Market and Regulatory Changes

It’s no secret that the past decade has been rife with unprecedented challenges for financial services firms. With financial markets, technologies and regulatory requirements in a constant state of flux complicating everything from day-to-day operations to customer communications, it seems impossible to make any lasting progress. On the bright sid...

29 May 2018 /regulation

Brandon Li Product Manager at Austreme

Trend of Child Sexual Abuse - Insights on Online Payment Regulations

Child exploitation is an alarming problem throughout whole world. It particularly threatens the safety of children in developing or underdeveloped countries, where poverty is the biggest cause of child abuse or child sex tourism. Owing to the technology enhancement and increased access to the internet, online child sexual exploitation materials (...

29 May 2018 /security /regulation

Ivy Schmerken Editorial Director at FlexTrade Systems

SEC Steers Pilot on Equity Trading Fees and Rebates Amid Headwinds

Diving into one of the more controversial issues in equity market structure, U.S. regulators are moving forward with the transaction-fee pilot that will force stock exchanges to lower the fee caps on rebates they pay to brokers and market makers. “I think the SEC is about to embark upon a productive time for assessing market structure reforms,” sai...

07 May 2018 /regulation

Retired Member 

13 Points of Clarification for FinCEN Final Rule CDD

1. Beneficial Ownership Threshold FinCEN has reiterated that the specified threshold (25%) is a floor, not a ceiling. It has left to the discretion of covered financial institutions (FIs) to implement stricter thresholds if they so choose. In addressing a requirement to impose stricter thresholds for certain customers, FinCEN directs that any incr...

19 April 2018 /regulation /wholesale