Tagged: regulations

Two US Senators Come Out Against Proposed OCC Fintech Charter

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Senators Sherrod Brown and Jeffrey Merkley have published a letter, sent to Thomas Curry, Comptroller of the Office of the Comptroller of the Currency (OCC), bashing his push to create a Fintech charter for innovative financial firms. Brown and Merkley state; “While we share your… Read More

What to Watch For in Marketplace Lending During 2017

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Predicting what will transpire in the coming year is always challenging, particularly in relatively nascent and growing industries such as marketplace lending. While surprises are undoubtedly in store for 2017, indications are that certain trends—the growth of bank partnerships and industry consolidation—will continue and accelerate… Read More

Top Ten Fintech Predictions for 2017

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The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More

Raising Funds Online via Crowdfunding from the General Public: Regulation A+ vs. Regulation Crowdfunding

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  The JOBS Act, which was signed into law in April 2012, led to the adoption of three exemptions from the registration requirements of securities offerings in the U.S. All three allow raising capital via crowdfunding. The first to go effective (September 2013) was Reg… Read More

Jay Clayton to Join SEC During Unprecedented Need to “Cut the Red Tape”

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Financial regulations are often enacted with little concrete definition, to say nothing of quantification, of their costs and benefits. Regulators and economists have little understanding of causal mechanisms that may provide benefits and incur costs. Worse, they often think they know cause and effect, either… Read More

Crowdfunding & Fintech Predictions for 2017

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Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

Top Fintech Stories from Crowdfund Insider during 2016

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As one year comes to end it is a good opportunity to reflect on past events. The preceding 12 months have been a momentous period for internet finance including capital formation online. Fintech started as a curiosity that engendered much excitement – and fear for some…. Read More

Crowdfunding as part of France’s Effort to Relax its Banking Monopoly on Credit: Interview with Reid Feldman & Hubert de Vauplane of Kramer Levin

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For Reid Feldman and Hubert de Vauplane of the Paris Office of Law Firm Kramer Levin, the latest revisions of the French crowdfunding regulation are part of a broader effort by the French authorities to relax the monopoly of French banks on credit and extend… Read More

The Startup and SME Funding Void in Brazil and How to Fix It

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  Brazil has a number of similarities to the rest of the world when it comes to funding startups, small or medium enterprises (SMEs). These business owners either have to fund their businesses themselves, seek capital from close friends or family, Angels, VCs, or for… Read More

The Banker’s Banker Appointed to Regulate the Crowdfunding Henhouse Unveils His Cunning Plan

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The time has come for crowdfunding to mature – or die, and be reabsorbed by the body politic (or should that be that body corporate). You don’t hear people talk about “the democratisation of finance” much any more. Why is that? We’ve seen growing pains… Read More

Italian Crowdfunding Rules Updated to Accept All SME Firms

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According to multiple reports, the Italian Stability Law for 2017 extends investment crowdfunding to all small and medium companies that want to raise capital online. Previously only “innovative” SMEs were able to raise capital online but now crowdfunding will be opened up to the 136,000… Read More

Zopa Responds to FCA’s Interim Crowdfunding Review

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Following the FCA publishing an interim report on crowdfunding regulations, the team at peer-to-peer lending platform Zopa revealed their thoughts about the report and its findings. As previously reported, the report took into consideration feedback from the leading UK crowdfunding platforms (including peer to peer lenders),… Read More

Gillian Roche-Saunders Comments on FCA Interim Crowdfunding Review

Gillian Roche-Saunders

Gillian Roche-Saunders, a partner at the law firm of  Bates, Wells & Braithwaite in London, works with many of the largest UK alternative finance platforms in operation. She has been highly engaged with the FCA and crowdfunding / P2P platforms regarding compliance and regulatory approval. Crowdfund… Read More

Here is the FCA Interim Report on Crowdfunding Regulations

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The Financial Conduct Authority (FCA) published an interim report on crowdfunding regulation today. The report was widely anticipated by both the investment based and debt based crowdfunding sector. This is the second interim statement since initial rules were published in 2014. The regulatory approach by… Read More

FCA Interim Crowdfunding Report Released: Regulatory Update Foreshadows Future Rule Changes

FCA Regulatory Review UK

The Financial Conduct Authority (FCA) has released their much anticipated interim report on debt and equity crowdfunding. The document addresses both peer to peer lending and investment crowdfunding platforms and the current state of operations as the new approach to capital formation evolves. Andrew Bailey,… Read More

So You Want to Equity Crowdfund: A No-B.S. Guide to Crowdfunding Your Business

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Crowdfunding campaigns tend to look like sexy, overnight successes, but rarely are the successful ones so effortless. What I’m about to say sounds dumb—so dumb that I’m reluctant to have to even say it—but a lot of folks contact me thinking that crowdfunding is easy,… Read More

European Parliament Looks to Boost Crowdfunding Minus Prospectus to €8 Million

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European Parliament is looking to adjust the prospectus requirement for small companies raising capital. This policy shift can directly impact the amount an issuer can raise using investment crowdfunding – across Europe. Members of European Parliament have increased the lower exemption threshold, under which no… Read More

The US Government is Worried that Usage of Digital Currencies will Lead to Tax Avoidance

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The Treasury Inspector General for Tax Administration (TIGTA) published a document this fall that reviewed the growing usage of Bitcoin and other digital currencies in the private sector. While acknowledging there are benefits to “virtual currencies” including lower transaction fees and faster transfer of funds… Read More

Finally. Australian Parliament Re-Introduces Crowdfunding Legislation

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The Australian House of Parliament has re-introduced legislation to improve the environment for investment crowdfunding. The bill, or Corporations Amendment (“Crowd-Sourced Funding”) Bill 2016, has been widely anticipated to begin the legislative process this year.  The bill was introduced by the Treasurer, Scott Morrison, MP…. Read More

Swiss Financial Market Supervisory Authority Wants to Become Innovation Friendly

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The Swiss Financial Market Supervisory Authority (FINMA) has outlined its strategic goals for 2017 to 2020 and like much of the developed world, the financial regulator is embracing innovation and Fintech disruption. The strategic goals were approved were approved this past week by the Federal… Read More