Tagged: regulation

Personnel is Policy: Dan Gallagher on SEC Under Trump Administration (Video)

dan-gallagher-on-cnbc

Former SEC Commissioner Daniel Gallagher visited the studios of CNBC yesterday to share his perspective on the SEC under the Trump administration.  Gallagher is one of the names being bandied about as the Republican pick for the SEC Chair.  Another possibility is another former Commissioner… Read More

London Financial Services Summit: “Institutions Must Adapt or Risk Obsolescence”

central london

Tapestry Networks and Ernst & Young (EY) published a report this month focused on global revolutionary changes that will affect the financial services sector.  The full version of the report is below. The report is a result of the October 5-6, 2016 Financial Services Leadership Summit in… Read More

Deloitte: 2016 Economic & Political Upheavals Challenge Financial Services Companies

Asia Pacific at Night

Weapons present in the South China Sea.  The U.S. backs out of the Trans-Pacific Partnership deal. South Korea’s president facing impeachment.  Duterte wins the Philippines presidential election. These are just a few of the explosive economic and political events that have continued to unfold in the… Read More

What to Expect for Marketplace Lending in 2017

money-puzzle-global-question-coins

Market credibility and an emphasis on better transparency will be two key factors for marketplace lending in 2017. 2017 will be a pivotal year for the marketplace lending (MPL) space as the market will seek stabilization in both confidence and venture funding, following a challenging… Read More

Karen Mills, Harvard: Regulate, But Allow Online Lending Market Space to Innovate

Karen Mills and Barack Obama

Senior Fellow at Harvard Business School Karen Gordon Mills along with VP of Strategy at Fundera, Brayden McCarthy, have recently posted a working paper on SME lending. Mills is also the former Administrator of the Small Business Administration – a post she held during the Obama administration just… Read More

Financial Stability Board: Fintech Firms Not Posing a Risk to Financial System

FinTech and Money

Secretary General of the Financial Stability Board (FSB) Svein Andresen announced at a Chatham House conference in London earlier this month that Fintech firms looking to disrupt traditional banking and financial systems are not yet posing an immediate threat, according to Reuters. He noted, however, that the… Read More

Switzerland is Next Country Looking to Boost Fintech Innovation with Light Touch Regulations

switzerland-flag

Announces Creation of a Regulatory Sandbox for Fintech Firms. New Fintech License to be Granted to Aspiring Firms. The Swiss Federal Councial has announced its intent to reduce barriers to entry for disruptive financial firms. Joining a growing litany of nations, Switzerland is embracing Fintech… Read More

Massachusetts Proposes Regulations for Reg A+, Tier II & Reg CF

Ben Franklin Boston

The Massachusetts Securities Division has proposed new regulations pertaining to securities offered under Tier II of Regulation A+ and Reg CF, both created by the JOBS Act of 2012.   The state agency has also proposed notice filings for Reg CF portals. The proposal is… Read More

Focused on Change: European Fintech Alliance Kicks Off at Deutsche Bourse

marc-tenbucken

The European Fintech Alliance, established in Berlin early this summer, seeks to represent the interests of startups in the political arena and to build bridges between policymakers and regulators at European level.  The platform touts a non-national, but EU-wide approach, for FinTechs only. Initiated by political… Read More

How to Fix the Fix Crowdfunding Act

fix-repair-damaged-mechanic-blurry

Let me begin by saying god bless Congressman Patrick McHenry. He is out there on the front lines actually trying to make a difference and help entrepreneurs and small businesses get off the ground and succeed. Of course, no good deed goes unpunished, and a… Read More

NASAA & Congress Agree on Intrastate Crowdfunding Rule Update

mike-rothman

Last week, the North American Securities Administrators Association (NASAA) issued a statement in support of updating Rule 147 and Rule 504 of Reg D – rules that impact intrastate crowdfunding.  The statement by NASAA supported a letter sent out by several members of the Congress… Read More

Federal Court Calls CFPB Structure Unconstitutional

Richard Cordray testifying 1

The Consumer and Financial Protection Bureau (CFPB) has been labeled “unconstitutional” by a federal appeals court.  The ruling addressed specifically the agency’s structure and the amount of control exercised by its director – currently Richard Cordray.  The ruling allows for the CFPB to continue to… Read More

Brian Korn Says CFPB on the Offensive with CashCall Action & More

Brian Korn LendTech Angels LendLab

Brian Korn, a prominent attorney in the alternative finance sector, says the Consumer Financial Protection Bureau (CFPB) is on the offensive. Korn pointed to recent settlements with LendUp and CashCall as indicative of its aggressive approach towards financial service enforcement. At the end of 2013,… Read More

Recent Developments in Equity-Crowdfunding and its Regulation in Taiwan

Taiwan Lantern Festival

As of July 2016, there are three equity-crowdfunding platforms in Taiwan, including Startup Shares, eFUN, and Crowdfund Masterlink. According to equity crowdfunding regulations in Taiwan, it is necessary to apply for a securities broker license. However, if the securities broker operates only an equity crowdfunding… Read More

Here is the FCA Competition Report

UK Money iPhone Queen

The Financial Conduct Authority (FCA) has published a Competition Report, alongside their annual report this year. Incorporated in HM Treasury’s 2015 Productivity Statement, the FCA was asked to produce a standalone annual competition report to show how well they are delivering on their competition objective…. Read More

Global Crowdfunding & Local Regulation: From Light Touch to Prescriptive Bespoke Rules

The Evolving Universe of Crowdfunding Regulations

Crowdfunding is flourishing all around the world, exhibiting double or even triple digit growth rates in many markets, from the US to the UK to China. Governments have seen this boom as both an opportunity and a challenge. From 2012 on, they started responding by… Read More

Dear Jack Lew: Please Do Not Dampen Marketplace Lending Innovation

Members of Congress Letter to Jack Lew Sketch

  This past Tuesday (May 3rd), twenty members of Congress joined to ask the Secretary of the Treasury, Jack Lew, to tread lightly when it came to the emerging marketplace lending industry. The timing of bi-partisan missive is important as Treasury has announced it will… Read More

Getting it Right: the UK Supports SME Growth with EIS & SEIS Tax Programs

Queen Elizabeth Money-20-pounds

Starting and creating a new business is a highly risky endeavor.  Yet these same small businesses are the ones that create the most jobs and drive economic growth. In brief, SMEs are imperative for society as a whole. The UK has supported an innovation-based economy… Read More

The Fix Crowdfunding Act is Mostly About Investor Protection

Protect and Serve Police

  Last week the House Subcommittee on Capital Markets, part of the powerful House Financial Services Committee, debated several important bills that may boost access to capital for SMEs.  One of the bills, the Fix Crowdfunding Act (HR 4855), has the profound potential to turn… Read More