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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.

originally founded 01 Jul 2010

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Harriet Christie Chief Operating Officer at Mirrorweb

Shifting Goalposts: The Many Challenges of a Chief Compliance Officer

A new framework was recently put forward by the National Society of Compliance Professionals (NSCP), as it seeks to better define its members' personal liability in a firm’s regulatory mishaps. It appears that compliance officers are feeling vulnerable as regulations intensify around them. And who can blame them, considering the additional pressur...

17 May 2022 /regulation /people

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

Update on Foreign Direct Investment Around the Globe

We finally got the Australian Government’s response to its Treasury’s evaluation of the 2021 foreign investment reforms and on 1 April the first part of these reforms went into force. This first part focuses on clarification and streamlining the processes of less sensitive types of investments; most notably: tightening the definition of ‘Australia...

04 May 2022 /regulation /markets

Nick Green Director at Purple Patch Broking Ltd

The state of data pricing: At a glance [behind the curtains]

Data pricing is a challenge faced by every credit provider. In a competitive market, Bureaux price variations mean that some credit providers pay up to 1,500% more (per search) than competitors for the same data from the same provider. This is due to a lack of transparency in the industry which makes it difficult for credit providers to achieve a ...

26 April 2022 /regulation /retail

Emily Harris Head of Compliance at Fiat Republic

An Open Letter to the FCA: Go Beyond Financial Promotions

At Fiat Republic, we are committed to helping the cryptocurrency industry navigate fast-changing financial regulations. Our crypto consortium is directly tied to this vision; it will represent responsible crypto providers, who will be encouraged and incentivised to stick to a single, predictable standard of compliance and transaction monitoring. T...

24 March 2022 /regulation /crypto

Andrew Lawton Founder & CEO at Reskube Ltd

Deadline looming for financial services firms to demonstrate operational resilience

31st March 2022 represents an important regulatory deadline for financial services firms in the UK. Last March, the Bank of England and FCA released their Operational Resilience Policy Statement. It requires that, by this date, UK financial services companies must have demonstrated that they have identified their important business services, and a...

24 February 2022 /regulation

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

Could Norway’s Tight Substantial Shareholding Disclosure Window Cost It Investment

It is widely known that Norway has one of the tightest substantial shareholding disclosure windows among countries. While many countries allow for reporting of substantial shareholding within days of a threshold breach, Norway’s requirement is immediately. What does immediately mean? According to Rulefinder, the online regulatory intelligence solut...

16 February 2022 /regulation /markets

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

Roundup of Q4 2021 Foreign Direct Investment Regulations

Changes and extensions to foreign direct investment rules in the fourth quarter of 2021 continued to be fueled by Covid-19 as the Omicron variant made its debut in November. A few countries, France, Italy, and Spain have extended their existing FDI restrictions that were put in place in 2020 as temporary measures through to 31 December 2022. France...

27 January 2022 /regulation /markets

Jussi Karjalainen CEO at Valtatech

How NOT to fail the Australian Prudential Regulation Authority's YFYS spend related performance test

As the Australian Prudential Regulation Authority (APRA) continues to introduce more and more regulation and oversight over the superannuation industry, superfunds are finding themselves having to continually review their processes and policies to ensure that they remain compliant. The latest Your Future Your Super (YFYS) reforms, which came into ...

23 November 2021 /regulation /wealth

Garima Chaudhary Head of Fin. Crime Solution Consulting at Oracle

What U.K. bank CEOs can do now to close gaps in their anti-money laundering controls

Introduction The Financial Conduct Authority (FCA), the regulator of financial markets in the U.K., flexed its muscles in March of this year when it launched its first attempted prosecution for anti-money laundering (AML) failings against NatWest. A couple of months later, David Geale, the Director of Retail Banking and Payments Supervision for th...

20 October 2021 /regulation /crime

Luigi Wewege President at Caye International Bank

Can a United States Citizen Have an Offshore Bank Account?

One of the downsides of the Internet is the dissemination of misinformation. That has led some to believe that US citizens cannot open and maintain offshore bank accounts, investment accounts, and other types of financial resources. That’s not the case. While some things have changed over the years, the truth is that US citizens are free to open ac...

17 October 2021 /regulation /inclusion