Sun. Aug 18th, 2019

Planet Compliance

Innovation & Regulation in Finance

European Union

ICO, STO, ITO – The Requirements If You Launch In Germany

Finally, here it is: a comprehensive list of the requirements you need to keep in mind if you want to launch an ICO, STO or...

All you need to know about the new Guidelines on the MiFID II compliance function requirements

With the first MiFID Directive, the European lawmakers emphasized the importance of an independent compliance function. It formalized the requirements investments firms had to fulfil...

Facebook’s Libra Crypto Plan and the Regulatory Response

When Facebook last month announced its plans for a new cryptocurrency, it did not take long for regulators around the globe to respond to the...

The SFTR in a nutshell and how it will impact Shadow Banking

The practice of using financial instruments to borrow funds is known only to a small circle in the industry, though it has a turnover of...

More News on the Sustainable Finance Regulations – A practical example of a regulator’s activities

Sustainable Finance has been catapulted to the top of the list of priorities for regulators. Following ESMA’s technical advice to the European Commission on Sustainable...

What is Sustainable Finance and how will impact the EU’s new rules impact financial services?

What is sustainable finance and what are the consequences for the existing or future governance framework of financial institutions? While the EU’s fight against climate...

More power to the ESAs – Does a stronger European Supervisory Architecture mean better supervision?

You may be excused to have missed the news that at the end of March the European Parliament and Member States reached a political agreement...

Life Beyond Brexit – Key Aspects from the FCA’s Business Plan

Right in time for the long Easter weekend, the UK’s Financial Conduct Authority (FCA) last week issued its annual business plan for 2019/2020. On 56...

A new direction for German Token Regulation?

Germany cannot be considered the most welcoming jurisdiction in terms of token regulation. A recent report might spell a change of direction though. Here is...

Financial Innovation = Risky Business? First lessons from the LCF mini-bond scandal

When the UK’s Financial Conduct Authority (FCA) published a statement before Christmas that announced that it had directed London Capital & Finance plc (LCF) to withdraw...

At the regulators: FDIC stresses Senior Managements responsibility for 3rd Party Services

Last week, the FDIC (“Federal Deposit Insurance Corporation”) sent out one of its periodic Financial Institution Letters. This one is about Technology Service Provider Contracts,...

The Essentials of Cyberattack Reporting

Cybersecurity sits firmly among the top priorities of any financial institution. The prevention of a breach is of utmost importance, but Cyberattack reporting requirements cannot...

The beginning of the end for STOs?

Just when you thought STOs were the answer to the ICO impasse, the financial watchdog of HK issues a warning against investing in Security Tokens....

The Next Wave of Data Protection – the ePrivacy Regulation and its impact on financial services

More than nine months have passed since the GDPR (General Data Protection Regulation) came into effect but still many companies struggle to adapt to the...

BaFin’s focus on RegTech – Just another summary or something to talk about?

The German financial regulator BaFin has published the latest edition of its BaFinJournal (in German), its monthly specialist magazine and main news bulletin that consists...

FCA consults on cryptoassets guidance

The FCA is today consulting on guidance, which, once finalised, will set out the cryptoasset activities it regulates. The guidance will help firms understand whether their cryptoasset...

ESMA publishes annual report on accepted market practices under MAR

The European Securities and Markets Authority (ESMA) has published today its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse...

EBA publishes report on cost and performance of structured deposits

The European Banking Authority (EBA) published today a report on the costs and performance of structured deposits in the European Union (EU). The report is...

Performance of Investments depends highly on Charges according to ESMA

The European Securities and Markets Authority (ESMA) today publishes its first Annual Statistical Report (Report) on the cost and performance of retail investment products. The Report...

EBA reports on crypto-assets

The European Banking Authority (EBA) published today the results of its assessment of the applicability and suitability of EU law to crypto-assets. Typically, crypto-asset activities...

ESAs publish report on Regulatory Sandboxes and Innovation Hubs

The European Supervisory Authorities (ESAs) published today a joint report on innovation facilitators (regulatory sandboxes and innovation hubs). The report sets out a comparative analysis of the...

ESMA advises EU institutions on ICOs and crypto-assets

The European Securities and Markets Authority (ESMA) today publishes its Advice to the European Union (EU) Institutions – Commission, Council and Parliament – on initial coin offerings...

Risky Business or the takeaways from the latest ESMA Risk Dashboard

If you hadn’t noticed, we live in risky times. At least that’s what the European regulator ESMA is saying. With equity markets experiencing increased levels...

Better Regulation: Commission reviews its efforts to simplify EU legislation

The Commission has published a reviewof the European Union's efforts to simplify legislation and reduce regulatory burdens in 2018 in line with its commitment in...

ESMA publishes consultation on disclosure obligations for Money Market Funds

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...

German regulator advises on Cloud services

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,...

Cryptoasset Taskforce publishes report on UK approach to cryptoassets

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...

EBA to focus on risks of financial innovations in 2019

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...

FATF advises on Regulation of Cryptocurrencies

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...

International AML Body issues Statement on Regulation of Virtual Assets

The Financial Action Task Force (FATF), the inter-governmental policy making body fighting money laundering and terrorist, has published today a statement Regulation of Virtual Assets....

The regulatory mess of German crypto regulation and what banks need to be mindful of now

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...

SEC Launches New Strategic Hub for Innovation and Financial Technology

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...

FCA opens a discussion on the impact of climate change and green finance on financial services

The Financial Conduct Authority (FCA) has today published a Discussion Paper on climate change and green finance. The effects of climate change and the associated...

US regulators issue warning about false claims regarding endorsements of digital assets.

The SEC’s Office of Investor Education and Advocacy (OIEA) and the Commodity Futures Trading Commission’s (CFTC) Office of Customer Education and Outreach warn investors to...

UK financial watchdog consults on no-deal Brexit approach

The Financial Conduct Authority (FCA) today published two consultation papers, setting out its proposals in the event the UK leaves the European Union on 29...

Restrictions on CFDs in Europe extended

As expected, ESMA has decided to renew the restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients, in effect...

Can the new global Money Laundering Standards for Cryptocurrencies solve the real issues?

For many years Bitcoin and other cryptocurrencies have been considered a potent tool for money laundering. However, not until last year when the ICO boom...

BIS research paper assesses market reactions to cryptocurrencies regulations

In its latest edition of quarterly reviews that looks at international banking and financial market developments, the Bank for International Settlements (BIS) has produced research that...

IOSCO guidance addresses conflicts of interest and conduct risks in equity capital raising

The Board of the International Organization of Securities Commissions (IOSCO) published guidance to help its members address conflicts of interest and associated misconduct risks that may...

NY Attorney General issues Virtual Markets Integrity Report, highlights potential Market Abuse and Conflicts of Interest at Crypto Exchanges

The New York Attorney General Barbara D. Underwood todayannounced the results of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices...

Robo-advice slowly growing but market still limited European Regulators find

While Robo-adviceor the automation of financial advice is slowly growing, the overall number of firms and customers involved is still quite limited, a report published...

Swiss regulator seeks input on new AML rules for FinTechs

The Swiss financial regulator, FINMA, has today published a statement with regard to the consultation in respect of the amendment of AML rules for FinTechs....

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