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 

Open Banking, the fuzzy period

Like Captain Ahab at the start of the voyage, the banks are in a similar fuzzy period. Banks know Open Banking is coming and the rules must be complied with but what should they do, if anything, beyond compliance. The issue is if banks’ customers respond to the new open world and go digital with new services and products, the money being spent wil...

30 June 2017

Retired Member 

Artificial Intelligence: The Next Step in Financial Crime Compliance Evolution

Financial Services compliance departments are constantly turning to technology to find efficiencies and satisfy increasingly tough regulatory examinations. It started with simple robotics, which can provide great operational efficiencies and help standardize processes. Never ones to rest on their laurels, compliance departments have begun looking ...

26 June 2017 /regulation

Anthony Pickup Consultant at Capgemini Invent

How PSD2 and GDPR may improve retail payments for all

How PSD2 and GDPR may improve retail payments for all? Following my time setting up a new community bank (credit union) on an out sourced banking platform to UK consumers I have been watching the developments in retail payments from a distance. As the team have now delivered a new Financial Institution to Bank of England standards with the help o...

16 June 2017 /payments

Retired Member 

International payments and the need for a dedicated regulator

Most international payments providers exist as an alternative to high street banks. They provide their customers with a good deal, are transparent about their fees, deliver excellent customer service, and transfer money quickly, without hassle. Despite this, the wider international payments industry has been tarnished by allegations of profiteering...

02 June 2017 /payments /regulation

Retired Member 

Why Enterprises Should Extend eComms Compliance and eDiscovery Defences

Many enterprise electronic communications (eComms) applications offer an attractive proposition to businesses by delivering lower costs, more features and access to newer desktop apps. But while they might be extremely effective business tools, often they don’t provide the functionality required to meet the compliance and eDiscovery needs for orga...

02 June 2017 /security /regulation

Stuart Lacey Founder at Trunomi

GDPR 1 Year Countdown: Ready or Not?

In less than 1 year the General Data Protection Regulation (GDPR) will be enforced. If you haven’t heard by now; the GDPR will fundamentally change the way that companies capture, manage and store information of EU Citizens. The primary aim of the regulation is to protect EU Citizen’s right to privacy, give them back control over their personal da...

30 May 2017 /regulation

Retired Member 

Robotics and AML: Enhancing, Not Replacing, Your Analysts

The robots are coming, the robots are coming! Everywhere you look, you see whitepapers and discussions about robotics and its use in AML and compliance generally. And rightfully so, this is definitely going to be a boon to the industry in allowing for more efficiency, consistency, and effectiveness. The problem with all the content and hype is tha...

16 May 2017 /regulation

Ivy Schmerken Editorial Director at FlexTrade Systems

Order Protection Rule Tug-of-War

There is still uncertainty around the fate of the Order Protection Rule, a key rule governing U.S. stock trading that has led to more complexity, speed and order types, but also protects retail investors from receiving inferior prices on their orders. Also known as the trade-through rule, Rule 611 has been and still is a central tenet of Regulatio...

25 April 2017 /regulation

Retired Member 

WhatsApp: A reminder that MiFID II compliance is about content not channel

As the FCA publishes its near final rules on MiFID II and fines a former investment banker for sharing confidential information over WhatsApp, now is a good time to look at why firms need to be able to find content and understand the context of a conversation quickly and easily, irrespective of the applications in use. The nature of the modern wor...

25 April 2017 /regulation

Saloni Ramakrishna Author; Senior Director at Oracle

AnaCredit - the Nuanced regulation

I am quite fascinated with the European Central Bank’s (ECB’s) AnaCredit Regulation that came into effect on 18th May 2016 – A regulation that requires granular credit data sets from the national central banks (NCBs) of the member countries based on the data they collect from their constituents- Banks and Credit Institutions. The project was initi...

24 April 2017 /regulation