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.

Matt Smith CEO at SteelEye

Why Monitoring News to Detect Insider Trading is Now Essential

As the Covid-19 pandemic continues, global regulators are warning financial services firms that they may need to enhance their trade surveillance activities to ensure they detect potential financial crime and insider trading. During lockdown, the UK Financial Conduct Authority (FCA) voiced concerns about managing insider trading conduct risks with ...

06 August 2020 /regulation /crime

Kirston Winters MD, MarkitSERV at IHS Markit

IBOR transition update: EuroSTR grabs a foothold?

In the latest development in the IBOR transition, on the weekend of July 25th, we saw the major CCPs perform the much-anticipated Euro discounting and price alignment transition from using EONIA to EuroSTR (a.k.a. €STR) for all Euro OTC interest rate products. We understand that all compensation payments have now settled. The question market watch...

06 August 2020 /regulation /markets

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

Investing in Sweden - Take Note

It’s July, so naturally, things are starting to heat up here in the northeastern part of the US. Taking a look back at the first half of the year, regulatory organizations were also heating up. I’ve previously written about the need for automation to support global shareholding disclosure obligations due to changes in short position reporting, and...

14 July 2020 /regulation /markets

Retired Member 

The Stock Ticker Is the Beating Heart of U.S. Finance. Why Haven’t We Got One?

Since the implementation Mifid1 in 2007, there has been a lot of talk about a pan-European consolidated tape, whether it would benefit the market, how it might operate and why it has not come about without regulatory pressure. Post 2007 when stocks when allowed to trade on multiple exchanges, market participants who wanted to see the full history a...

07 July 2020 /regulation /markets

Mitzi Pryce Senior Consultant at BCS Consulting

Through the looking glass: Why aligning regulatory permissions is key to unlocking profits

2020 is an unprecedented year for business. The global COVID-19 pandemic has decimated economies worldwide and with Brexit looming, the future for UK business is unclear. Just as Alice fell into Wonderland in Lewis Carroll’s Through the Looking Glass, we have fallen down an economic rabbit hole where nothing is certain and everything is possible. ...

25 June 2020 /regulation /covid-19

Adam Krug CLM Ambassador at Pegasystems

Key Questions to Ask When Investing in a Client Onboarding Solution to get it right first time

30 years ago, financial services built everything in-house. Nowadays, with so many off the shelf software products for trading and transaction systems – accounting, HR, CRM to name a few – the challenge now is which vendor to select. In the words of Tony Soprano, “Believe none of what you hear and half of what you see.” When it comes to investing...

24 June 2020 /regulation /crime

Adam Krug CLM Ambassador at Pegasystems

Case Management for solving Fin Crime Risk

2019 saw the FCA dishing out the highest level of fines ever, totalling nearly £400m in a twelve-month period. This included hefty penalties relating to anti-money laundering failings. However, in the FCA’s 2019 thematic review the organisation did provide its recommendations for how banks can better their AML processes, stating, “For an effectiv

09 June 2020 /regulation /crime

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

COVID-19 Brings Renewed Concerns Over Foreign Direct Investments

Late 2018 into early 2019, there was increasing attention put on foreign direct investment in sensitive sectors by several major jurisdictions. At that time, the driver for this focus was a volatile political landscape stemming from the breakdown of trade between the US and China, as well as uncertainty of the US’ involvement in NATO and Russia’s ...

08 June 2020 /regulation /markets

Retired Member 

RegTech on the rise as FinTech seeks to remain compliant and competitive

Whilst lockdowns are being lifted in some parts of the world, few expect a return to pre-coronavirus norms. However, while work-life habits may have changed, in sectors such as FinTech working patterns were already much more flexible and fluid. Indeed, in financial services more broadly, rapid and transformative change is constant and has been give...

29 May 2020 /regulation /covid-19

Freddie McMahon Director Strategy and Innovation at DF2020 Ltd

The dangerous risk of interactions with regulation

Now is the time to challenge convention Our interactions with regulation play a ubiquitous and increasing role in the world economy. Individuals and organizations interact with regulation to ensure compliance and safeguard actions within firms, between firms and all the way through markets to the end consumer. Given the pervasive nature of interac...

28 May 2020 /regulation /covid-19