By PlanetCompliance, November 13, 2018 [At the Regulators , ESMA , Europe , European Union , Fund Management , Funds , News from the EU] The European Securities and Markets Authority (ESMA) today has published a consultation on disclosure obligations for Money Market Funds. The consultation is necessary since European money market funds will have to disclose certain information under …

By PlanetCompliance, November 13, 2018 [Compliance , Insights , MLRO , RegTech directory , Senior Management] Despite all the hype RegTech companies still face several challenges. We explored the key obstacles in an article a few months ago. We also presented you with the experiences of RegTechs and the problems they …

By PlanetCompliance, November 9, 2018 [Alternative Finance , Alternative Finance insights , AML insights , Blockchain , Blockchain & Smart Contracts Insights , Cryptocurrencies , Insights , Uncategorized] Why the lack of financial inclusion and access to traditional banking forces legitimate businesses to consider questionable alternatives and the associated risks  – a case study on Cannabis Banking and its parallels with blockchain technology. …

By PlanetCompliance, November 8, 2018 [At the Regulators , BaFIN (Germany) , Compliance , Germany , IT , News from the EU , Risk Management , Uncategorized] The German financial watchdog BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) today published guidance with regard to the use of cloud solutions. Produced in collaboration with Deutsche Bundesbank, the German national bank, it presents an assessment of outsourcing …

By PlanetCompliance, November 6, 2018 [ABC insights , Data Protection&Privacy insights , Insights , IT] The first reason I wanted to write about this is that while it is clearly a scam if you read it probably, you could always fall for it. You might be tempted to think that …

By PlanetCompliance, November 1, 2018 [Alternative Finance insights , Blockchain , Blockchain & Smart Contracts Insights , Compliance , Crowdfunding , Crowdfunding insights , Cryptocurrencies , Senior Management] When Jay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC) stated in front of the Senate in February that “I believe every ICO I’ve seen is a security”, it confirmed something we had …

By PlanetCompliance, October 29, 2018 [Alternative Finance , At the Regulators , Bank of England , Blockchain , Cryptocurrencies , FCA (UK) , News from the EU , UK] The Financial Conduct Authority (FCA) has today, as part of a Treasury (HMT) led Cryptoasset Taskforce published a report on the UK’s policy and regulatory approach to cryptoassets. The Taskforce Report  has considered the policy and …

By PlanetCompliance, October 29, 2018 [Alternative Finance insights , Insights , Senior Management] Last week a friend of mine asked me whether I had any advice for him on how to win a start-up competition. He had registered the company he and a partner had launched last year …

By PlanetCompliance, October 23, 2018 [Bank of England , Compliance , FCA (UK) , Insights , Operations , RegTech directory , Senior Management , UK] Data or rather the quality of data is often at the centre of any problem RegTech tries to solve. The same is true for Regulatory Reporting, which is one of the key areas of the …

By PlanetCompliance, October 23, 2018 [Alternative Finance , At the Regulators , Blockchain , Crowdfunding , Cryptocurrencies , EBA , Europe , European Union , News from the EU , Social Lending] The European Banking Authority (EBA) published today its detailed annual work programme for 2019, describing the specific activities and tasks of the Authority for the coming year and highlighting the key strategic areas of work …

By PlanetCompliance, October 19, 2018 [Alternative Finance , AML 4 Directive , At the Regulators , Blockchain , Cryptocurrencies , MLRO , News from the EU] Following its latest plenary session the Financial Action Task Force (FATF) today published a statement on the regulation of virtual assets. The intergovernmental body has amended its Ssandards to respond to the increasing use of virtual …

By PlanetCompliance, October 19, 2018 [Alternative Finance , AML insights , At the Regulators , BaFIN (Germany) , Blockchain , Blockchain & Smart Contracts Insights , Cryptocurrencies , Germany , Insights] New rules for Crypto risk assessments that will make German banks even more reluctant to work with cryptocurrencies, a court decision that puts the entire current legal framework into question and the wait for a …

By PlanetCompliance, October 18, 2018 [Alternative Finance , At the Regulators , Compliance , News from the EU , SEC (U.S.) , US] The U.S. Securities and Exchange Commission today announced the launch of the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). The FinHub will serve as a resource for public engagement on the SEC’s FinTech-related issues and …