With a new operational resilience framework in force in the UK and similar reforms proposed in the EU and the US, we examine how the regimes compare and their practical impact on financial services firms....more
12/5/2022
/ Bank of England ,
Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Cyber Incident Reporting ,
Cybersecurity ,
EU ,
European Commission ,
Federal Deposit Insurance Act ,
FFIEC ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Infrastructure ,
IOSCO ,
Natural Disasters ,
New Rules ,
Prudential Regulation Authority (PRA) ,
UK
It has been a period rife with notable shifts on the global stage; a new administration in the US, the end of the Brexit transition period and the reaching of key milestones in the discontinuation of LIBOR, to name but a few....more
11/16/2021
/ Banking Sector ,
Biden Administration ,
Climate Change ,
Cross-Border ,
Department of Labor (DOL) ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
Libor ,
OCC ,
Regulatory Oversight ,
Sustainability ,
UK
Current rules fall short of providing a clear framework for a single European market for fintech companies.
The development of a single market for fintech has recently been placed at the center of the EU financial...more
1/2/2020
/ Anti-Money Laundering ,
Banking Sector ,
Consumer Protection Laws ,
Cross-Border Transactions ,
EU ,
EU Single Market ,
European Banking Authority (EBA) ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Financial Regulatory Agencies ,
FinTech ,
Member State ,
Passporting
On 18 July 2019 the European Banking Authority (EBA) published a report on the EU regulatory perimeter, national regulatory status and EU national regulators' (NCAs') authorisation approaches for FinTech firms conducting...more
7/25/2019
/ Banking Sector ,
Capital Requirements Directive IV (CRDIV) ,
Crowdfunding ,
Cryptoassets ,
Electronic Payment Transactions ,
EMD2 ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
FinTech ,
NCAs ,
Payment Services Directive ,
Popular ,
PSD2 ,
Regulatory Oversight
On 12 July 2019 the European Securities and Markets Authority (ESMA) reported on the status of FinTech firm licensing regimes across the EU, based on two ESMA surveys of EU national competent authorities (NCAs). ESMA's report...more
7/17/2019
/ Crowdfunding ,
Cryptoassets ,
Cybersecurity ,
Distributed Ledger Technology (DLT) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
FinTech ,
Initial Coin Offering (ICOs) ,
Innovation Hubs ,
Licensing Rules ,
MiFID II ,
NCAs ,
Outsourcing ,
Popular ,
Sandbox