By PlanetCompliance, May 24, 2017 [Insights , RegTech directory] The update to the PlanetCompliance RegTech Directory is coming soon! Register for free to be included in the 2nd edition if you’re not already in it. In December, after many weeks of hard work of our …

By PlanetCompliance, May 22, 2017 [Compliance , ESMA , European Union , MiFID II , News from the EU] The European Securities and Markets Authority (ESMA) has issued today an opinion regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The opinion clarifies the concept of “traded on …

By PlanetCompliance, May 19, 2017 [Alternative Finance insights , Angel Investing, Venture Capital and Private Equity insights , Compliance , Crowdfunding insights , Insights] The European Question One problem Equity Crowdfunding campaigns in Europe sometimes face is the limitation to a certain jurisdiction and therefore a reduced market exposure. For example, a project may be very promising but having to …

By PlanetCompliance, May 19, 2017 [Compliance , Derivatives , European Commission , European Market Infrastructure Regulation (EMIR) , European Union , News from the EU] The European Commission is  proposing some targeted reforms to improve the functioning of the derivatives market in the EU. The reforms provide simpler and more proportionate rules for over-the-counter derivatives to reduce costs and regulatory …

By PlanetCompliance, May 18, 2017 [Compliance , EBA , European Union , IT , News from the EU] The European Banking Authority (EBA) launched today a consultation setting out its guidance for the use of cloud service providers by financial institutions. The EBA Recommendations intend to clarify the EU-wide supervisory expectations if institutions …

By PlanetCompliance, May 18, 2017 [Compliance , ESMA , Europe , European Union , MiFID II , News from the EU] The European Securities and Markets Authority (ESMA) has published a Follow-up Report on the actions undertaken by ten National Competent Authorities (NCAs) in addressing deficiencies identified in the 2014 Peer Review on MiFID Conduct of …

By PlanetCompliance, May 16, 2017 [Compliance , Fund Insights , Funds , Hedge Funds , Insights , Legal , Risk Management , Thought Leadership] Hedge Funds have long been perceived as practically standing outside financial services regulation but these days seem to be all but a distant memory. In light of a number of smaller and larger scandals as …

By PlanetCompliance, May 12, 2017 [Blockchain & Smart Contracts Insights , Compliance , Insights , IT , Legal , MLRO , RegTech directory , Risk Management] Blockchain and RegTech are two of the hottest topics in Financial Services right now. Each of it is by itself already intriguing but applying blockchain technology to improve regulatory technology makes it even more interesting. …

By PlanetCompliance, May 11, 2017 [Compliance , EBA , Europe , European Union , IT , News from the EU , Risk Management] The European Banking Authority (EBA) published today its final Guidelines on the assessment of the Information and Communication Technology (ICT) risk in the context of the Supervisory Review and Evaluation Process (SREP). These Guidelines are …

By PlanetCompliance, May 10, 2017 [Alternative Finance , Alternative Finance insights , Blockchain , Blockchain & Smart Contracts Insights , Compliance , Cryptocurrencies , Insights , IT , Legal] Bitcoin continues to create all time highs on daily basis and the underlying technology, Blockchain, is seen by many as the silver bullet for many of the world’s problems, from financial services to insurance to …

By PlanetCompliance, May 5, 2017 [Compliance , EBA , Europe , European Union , News from the EU , Payment Services Directive (PSD2) , Payments and Cash Management] The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on security measures for operational and security risks under the revised Payment Services Directive (PSD2). The Guidelines have been developed in close …