9781119436751

1119436753

9781119436720

1119436729

9781119436775

111943677X

1119436702

9781119436706

9781119436706

"The Fintech Entrepreneurs Guide to Regulation and Regulatory Strategy Fintech has been growing dramatically over the last few years, and it is now an important sector in its own right. This means that Fintech companies, who could so far often rely on a comparatively lenient regulatory regime, will now have to give serious thoughts on compliance with applicable regulatory rules. Operating in a highly regulated environment is tedious, but not all badcompanies that can play the regulatory game well have a strategic advantage, especially with regard to time-to-market and scaling. Nothing spells missed opportunity like a competitor building market share with a copycat product whilst you are still waiting for your license! Written for professionals, this book helps anyone whose job has to do with formulating or executing a Fintech startup strategy or whose job touches financial services regulation, or anyone who simply wants an easy- to-read introduction to financial services and their regulation. Describes the purpose of and principle behind modern financial services regulation Explains how to include regulation into a startups strategic planning to optimize time-to-market and scaling Gives an overview of the entire financial services space, and which regulations apply where Gives detailed references to 20 key regulations in the EU regulatory system, including PSD, GDPR, CRD, AMLD, MiFID, UCITSD, AIFMD The first part introduces financial services regulation, its purpose, how it is created (especially in the EU and in the US), and it develops a framework for including regulations into the strategic planning of a company. It also gives a rundown of the current financial services spaceplayers and productsand its key regulations. The second part describes a regulatory system in more detail. The system chosen is the EU because it is more consistent and unified than the US system where a lot of the regulation still is created at the state-level. However, as most financial regulation nowadays is determined at the global level, the principles found in EU regulation will be by and large also be found the US and other systems"-- Provided by publisher.

"Written for professionals, this book helps anyone whose job has to do with formulating or executing a Fintech startup strategy or whose job touches financial services regulation, or anyone who simply wants an easy- to-read introduction to financial services and their regulation"-- Provided by publisher.

Cover; Title Page; Copyright; Contents; About the Book; Acknowledgments; About the Author; Part I: Fintech Regulation and Strategy; Chapter 1: Regulatory Strategy for Fintech Companies; 1.1 Regulation; 1.2 A Regulatory Strategy Framework; Chapter 2: Overview of Financial Services Regulation; 2.1 Types of Regulation; 2.2 Strands of Regulation; Chapter 3: Regulation in Practice; 3.1 Sources of Regulation; 3.2 Regulatory Models; 3.3 Fintech Regulation; Chapter 4: The Financial Services Industry; 4.1 Classic and Corporate Banking; 4.2 Specialised Lending; 4.3 Investment Banking and Advisory.

4.4 Payments4.5 Asset Management; 4.6 Brokerage and Transaction Services; 4.7 Insurance; 4.8 Others; Chapter 5: Retail Financial Services Products; 5.1 Payments and Deposits; 5.2 Retail and SME/Mid-market Lending and Credit; 5.3 Retail Investments; 5.4 Other Products; 5.5 Insurance; 5.6 Financial Advisory; Chapter 6: Wholesale Financial Services Products; 6.1 Wholesale Credit; 6.2 Wholesale and Specialist Asset Management; 6.3 Primary Markets and Origination; 6.4 Sales, Trading, Brokerage, and Exchanges; 6.5 Settlement, Custody, and Ancillary Services; 6.6 Advisory and Research.

Part II: Selected Regulations in DetailSheet 1: Alternative Investment Fund Manager Directive; 1.1 General; 1.2 Authorisation to Market; 1.3 Interaction with Regulators; Sheet 2: Anti Money Laundering Directive; 2.1 Definition and Scope; 2.2 Implementation; 2.3 Obligations of All Companies; 2.4 Financial Intelligence Units and Cooperation; 2.5 Information Requirements on Transfers of Funds; Sheet 3: Bank Recovery and Resolution Directive; 3.1 Definition and Scope; 3.2 Preparation; 3.3 Execution; 3.4 Ancillary Regulations; Sheet 4: Cross-Border Payments Regulation; 4.1 Definition and Scope.

Sheet 5: Consumer Contracts Directive5.1 Definition and Scope; Sheet 6: Consumer Credit Directive; 6.1 Definition and Scope; 6.2 Information to Be Provided Before Concluding an Agreement; 6.3 Credit Assessment and Credit Databases; 6.4 Information to Be Provided with Agreements; 6.5 Consumer Rights Under Credit Agreements; 6.6 Annual Percentage Rate of Charge (APR); Sheet 7: Capital Requirements Directives; 7.1 General Background on Basel and CRD; 7.3 Capital Requirements Overview; 7.4 Capital Requirements for Credit Risk; 7.5 Capital Requirements for Non-credit Risk; 7.6 Leverage Ratio.

7.7 Liquidity Risk7.8 Pillar 3 Disclosure; 7.9 Other; Sheet 8: Deposit Guarantee Scheme Directive; 8.1 Definition and Scope; Sheet 9: Distance Marketing in Financial Services Directive; 9.1 Definition and Scope; 9.2 Information Requirements; 9.3 Withdrawal and Renewal; 9.4 Other; Sheet 10: European Market Infrastructure Regulation; 10.1 Definition and Scope; 10.2 Central Counterparties; 10.3 Trade Repositories; Sheet 11: Electronic Money Directive; 11.1 Definition and Scope; Sheet 12: General Data Protection Regulation; 12.1 Definition and Scope; 12.2 Definition of Data.

12.3 Pre-requisites of Data Collectionâ#x80;#x94;Purpose and Consent.