4373 Results from /regulation
Retired Member
Following the US and UK models, RBI is all set to jump on the bandwagon of regulating the P2P space with strict guidelines. The norms being finalised are expected to release in a few weeks, how are the peer-to-peer (P2P) lending platforms faring? What is their stance on this? Will the stringent norms curb the innovation? Instead of speculating we...
05 August 2017 /regulation /startups Fintech
James Smith MD at Dsruptiv Ltd
It has now been 500 days since the consultation period closed on 18 March 2016 for FCA Discussion Paper DP15/7 "Our approach to SMEs as users of financial services." At present, the provision of financial services to small businesses in the UK is largely unregulated. In many cases, firms can't even appeal to an ombudsman if they have been...
31 July 2017 /regulation /retail Financial Services Regulation
In Part One I wrote about the problem with the UK banking model and why it undermines the UK economy. In summary, banks need to lend to make their current account model work; this helps a lot of people, but for a huge swathe society it can be less beneficial, encouraging a debt mentality and a debt spiral that many will never escape, nor repay. In...
31 July 2017 /regulation /retail Disruption in Retail Banking
Jan-Willem Van Capelle Financial Consultant at Drebbel
Today, MiFID II is undoubtedly the main point of focus for financial services providers. Coming into force on January the 3rd 2018, every MiFID responsible compliance officer or project manager is supposed to be finalizing necessary organizational changes, and will soon be implementing regulatory tools that are required to become compliant. Both t...
31 July 2017 /regulation MiFID
If data is the “new oil,” could GDPR be a blockage in the pipeline? Admit it, phrases and jargon are so overused in our industry that they become annoying. The latest one is “data is the new oil.” It is not. I say that as a former oil market journalist. Here’s why: Data is not a natural resource Data can’t be drilled for or fracked Data has ne...
31 July 2017 /regulation
Jeremy Light Co-founder at Fourdotzero
The PSD2 regulatory technical standards (RTS) for strong customer authentication and secure communication are proving difficult to finalise. With the EBA rejecting the EC's amendments to its final draft RTS, it is now up to the EC to publish the final text, subject to scrutiny by the EU Parliament and EU Council. With this saga running on and on, ...
31 July 2017 /payments /regulation
As the deadline for the implementation MiFID II fast approaches, financial firms are under growing pressure to take steps to ensure they’re fully compliant. A common issue, however, is that many organisations are still unclear about the full impact MiFID II will have on their organisation. According to recent research conducted by IPC, while 77 pe...
27 July 2017 /regulation Financial Services Regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
Last week, SEC Chairman Jay Clayton said he asked the staff to develop a plan for creating a Fixed Income Market Structure Committee to advise the SEC on regulatory issues in the fixed-income markets. Clayton said the fixed income committee would be modeled after the Equity Market Structure Committee (EMSAC), and would be comprised of a diverse gr...
27 July 2017 /regulation
Willem Lambrechts Managing Director at Drebbel
As a financial technology broker, we have the privilege of operating in the heart of the financial technology eco-system. From this position we observe a quite odd but stunning anomaly within financial institutions. Every single day in the financial press we read about financial institutions investing vast amounts of money in emerging technologies ...
27 July 2017 /regulation MiFID
Over a year has passed since the publication of the Panama Papers, an unprecedented data leak of 11.5 million documents that revealed the secret financial dealings of over 214,488 offshore entities. This high-profile leak ultimately brought to the fore the lack of transparency surrounding shell companies. The records revealed the multitude of ways...
26 July 2017 /regulation Capital Markets Technology
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