Insights from Latham’s flagship event: Managing the risk and promise of digitisation in financial services.
In a bid to keep pace with rapid advances in cloud adoption across financial services, regulators have published a...more
11/12/2019
/ CLOUD Act ,
Cloud Storage ,
Data Protection Authority ,
EU ,
European Banking Authority (EBA) ,
Financial Services Industry ,
FinTech ,
General Data Protection Regulation (GDPR) ,
Insurance Industry ,
New Guidance ,
Open Banking ,
Regulatory Agenda ,
Reinsurance
The guidelines create new obligations for financial, payment, and electronic money institutions that will impact cloud outsourcing and deployment of FinTech.
On 25 February 2019, the European Banking Authority (EBA)...more
3/19/2019
/ Cloud Service Providers (CSPs) ,
Cloud Storage ,
Commission Delegated Regulation ,
EU Directive ,
European Banking Authority (EBA) ,
Financial Institutions ,
FinTech ,
Information Reports ,
MiFID II ,
Outsourcing ,
Payment Systems ,
UK
The EBA’s draft guidelines on outsourcing will impact cloud outsourcing and institutions’ deployment of FinTech.
On 4 September 2018, a wide audience of interested individuals gathered at Canary Wharf for a public hearing...more
9/14/2018
/ Capital Requirements Regulation (CRR) ,
Cloud Computing ,
Consultation ,
CRD IV Directive ,
EU ,
European Banking Authority (EBA) ,
FinTech ,
MiFID II ,
Outsourcing ,
Popular ,
PSD2 ,
UK ,
UK Brexit
FCA Chair hints that new regulation addressing data ethics in the FinTech space may be on the horizon.
Will societies of the future be ruled by algocracy, in which algorithms decide how humans are governed? ...more
Regulatory sandboxes are becoming a global trend, providing plenty of opportunities for innovative businesses.
Pioneered in the UK as part of the Financial Conduct Authority’s (FCA) “Project Innovate”, a regulatory sandbox...more
The Bank of England (BoE) announced on 19 July 2017 that it is extending direct access to its real-time gross settlement (RTGS) service to non-bank payment service providers (i.e., e-money institutions and payment service...more
Cloud services come with the promise of many benefits for the financial services sector. Cloud computing offers large-scale and cost-effective solutions for data storage and efficient processing and is also the underlying...more
RTGS service to be interoperable with distributed ledger technology, to allow greater access and to provide sophisticated data interface for liquidity management.
There is an important opportunity for early-stage...more
On April 28th, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published a report about Fintech and the influence of technology on the future of the financial sector. The report, prepared by Cora...more
UK regulator calls for submissions on potential uses, risks and benefits of distributed ledger technology in the financial services sector.
The Financial Conduct Authority (FCA) published a Discussion Paper (DP17/3) on...more