Regulation & Compliance - Long Reads, News, Articles & Research: Finextra

The India Policy Series: Cross-sectoral innovation under the new interoperable regulatory sandbox

Fintech innovation is challenging traditional regulatory constraints and models for supervision. The mushrooming of cross-sectoral, hybrid financial products from fintech entities requires governance by multiple financial regulators. As such innovation is better served by a harmonious regulatory sandbox (RS), the Reserve Bank of India (RBI) launch...

10 November 2022 /regulation

DORA: Financial institutions must act now or risk non-compliance

Jolanda Schekermans Head of Product - Europe at Form3

DORA: Financial institutions must act now or risk non-compliance

The European Union’s incoming Digital Operational Resilience Act (DORA) was first published in September 2020 as part of the Union’s Digital Finance Package (DFP), with a clear objective of improving the digital resiliency of the entire financial system. Almost every type of financial institution (FI) across the EU will be required to ensure that ...

03 November 2022 /regulation

The Westminster Series: How will the Electronic Trade Documents Bill transform trade in the UK?

Chris Holmes Peer at House of Lords

The Westminster Series: How will the Electronic Trade Documents Bill transform trade in the UK?

The Electronic Trade Documents Bill is one of the most important bills you have never heard of. Not only will this bill make trade faster, cheaper, and greener, it is an English law model of how to legislate for technology through specific criteria. A blockchain bill that will stimulate blockchain development and adoption without ever mentioning b...

02 November 2022 /regulation

Understanding the regulatory landscape for crypto-assets in Germany and the EU

Renate Prinz Partner at McDermott Will & Emery LLP

Understanding the regulatory landscape for crypto-assets in Germany and the EU

Currently, we can read many summaries and briefings on the new Market in Crypto Assets Regulation (“MiCAR”) everywhere. For sure, MiCAR has the potential to give the EU crypto market a huge push forward. From what we can see so far, regulation for new business models especially in the Fintech market is not as bad as everyone supposed before. We al...

01 November 2022 /regulation

The Westminster Series: The second reading of the Financial Services and Markets Bill

Chris Holmes Peer at House of Lords

The Westminster Series: The second reading of the Financial Services and Markets Bill

A vision to promote competition, innovation and growth but does it go far enough on financial inclusion, the environment, and the role of the regulators? I have written before about the Financial Services and Markets Bill - an incredibly important piece of legislation currently before Parliament. The Bill is set to usher in the largest change to f...

17 October 2022 /regulation

The India Policy Series: RBI launches cross-border bill and credit-based UPI payments

Retired Member

The India Policy Series: RBI launches cross-border bill and credit-based UPI payments

Last month, the Reserve Bank of India (RBI) Governor launched three payments related initiatives at the Global Fintech Fest. The first was Bharat BillPay Cross-Border Bill Payments, allowing non-resident Indians (NRIs) to make utility, water, telephone, and other bill payments for their families in India. The next two new features were on the alre...

13 October 2022 /regulation

The Westminister Series: Westminister cryptoasset debate

Chris Holmes Peer at House of Lords

The Westminister Series: Westminister cryptoasset debate

One of the last debates in the most recent Parliamentary sitting, suspended following the tragic death of Her Late Majesty, was on cryptoassets, cryptocurrencies, and their regulation. A good debate in which positive, encouraging comments were made by the Minister. Martin Docherty-Hughes, the MP who secured the debate, is a long-time blockchain su...

26 September 2022 /regulation

Solutions to help fintechs break down barriers to collaborate with banks

Madeleine Barratt Associate at Pinsent Masons

Solutions to help fintechs break down barriers to collaborate with banks

Customers in the financial service sector now demand 24/7 access to digital services from their banks. Those demands have only increased as a consequence of the pandemic and its impact on consumer habits. To compete, banks need access to the latest digital technologies quickly, and commonly find it more efficient and effective to procure technolog...

15 August 2022 /regulation

The India Policy Series: Handling cross-border investments with RBI supported innovation

Retired Member

The India Policy Series: Handling cross-border investments with RBI supported innovation

The Reserve Bank of India (RBI) recently announced the successful exit of four entities from its regulatory sandbox’s cohort for cross-border payments. This opens the door for the innovations of these entities, which address inward/outward remittance and provide blockchain based solutions among others to be adopted by the financial services indus...

08 August 2022 /regulation

The Westminster Series: The arrival of the Financial Services and Markets Bill

Chris Holmes Peer at House of Lords

The Westminster Series: The arrival of the Financial Services and Markets Bill

Since its inclusion in the Queen’s Speech on May 11, 2022, many of us have been awaiting the arrival of the Financial Services and Markets Bill. It finally emerged on the hottest day ever recorded in the UK. Forming a significant slice of the Chancellor’s speech at Mansion House on July 19, it was given First Reading down the road in the House of ...

26 July 2022 /regulation

The India Policy Series: What does RBI’s credit line move mean for BNPL innovation?

Retired Member

The India Policy Series: What does RBI’s credit line move mean for BNPL innovation?

The Reserve Bank of India (RBI) recently issued an internal clarification that prepaid payment instruments (PPIs), such as m-wallets and prepaid cards, cannot be loaded through credit lines. The clarification hits certain fintech models in India including many buy now pay later (BNPL) offerings and new age ‘challenger credit cards’. A common model...

20 July 2022 /regulation

Stephen Elam Partner at Cooke Young & Keidan

When Smart Contracts Go Wrong

This article was co-authored by Stephen Elam, partner, and Elizabeth Meade, senior associate, Cooke Young and Keidan LLP. What is a smart contract? Smart contracts are computer code that automatically run when certain conditions are met, thereby executing all or parts of an agreement. Their use is widespread use in transactions on cryptocurrency ex...

23 June 2022 /regulation

Long reads