European Parliament Library

A guide to financial regulation for fintech entrepreneurs, Stefan Loesch

Summary
The Fintech Entrepreneur’s 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 bad—companies 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 startup’s 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 space—players and products—and 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
Table Of Contents
Machine generated contents note: About the book Acknowledgments About the Author Part I: Fintech Regulations and Strategy Chapter 1: Regulatory Strategy For Fintech Companies Chapter 2: Overview of Financial Services Regulations Chapter 3: Regulations in Practice Chapter 4: The Financial Services Industry Chapter 5: Retail Financial Services Products Chapter 6: Wholesale Financial Services Products Part II: Selected Regulations in Detail Chapter 7: Alternative Investment Fund Manager Directive Chapter 8: Anti Money Laundering Directive Chapter 9: Bank Recovery and Resolution Directive Chapter 10: Cross-Border Payments Regulation Chapter 11: Consumer Contracts Directive Chapter 12: Consumer Credit Directive Chapter 13: Capital Requirements Directives Chapter 14: Deposit Guarantee Scheme Directive Chapter 15: Distance Marketing in Financial Services Directive Chapter 16: European Market Infrastructure Regulation Chapter 17: Electronic Money Directive Chapter 18: General Data Protection Regulation Chapter 19: Market Abuse Regulation Chapter 20: Mortgage Credit Directive Chapter 21: Markets in Financial Instruments Directive Chapter 22: Packaged Retail and Insurance-based Investment Products Regulation Chapter 23: Payments Services Directive Chapter 24: Rating Agencies Regulation Chapter 25: Undertakings for Collective Investment in Transferable Securities Directive Chapter 26: Unfair Commercial Practices Directive Appendix A Appendix B Index
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition
Note
Includes index
Physical Description
1 online resource (291 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780111943670

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