Politics, Legal & Regulation

July 6, 2017 @ 4:32 am By Erin Hobey  |  

The case of Connie Yates and Chris Gard, whose infant son Charlie was born last August is neither able to breathe nor move on his own, appeared to have come to an end last week when courts ruled that the baby’s rare genetic condition was incurable and that the… Read More

July 5, 2017 @ 1:26 pm By JD Alois  |  

A Discussion with Charles d’Haussy, Head of Fintech, InvestHK. Hong Kong has been a definitive leader in global finance and trade for many decades. Yet when it comes to Fintech, embracing financial innovation has been slower than some other centers of alternative finance. But recently Hong… Read More

July 5, 2017 @ 9:01 am By JD Alois  |  

The Mayor of London’s post-referendum start-up investment fund has now delivered over £5.3 million to 32 high growth tech companies since the EU referendum pushed the UK to back away from continental Europe. The London Co-Investment Fund (LCIF) has reportedly invested in early stage companies specialising… Read More

July 3, 2017 @ 6:59 am By Erin Hobey  |  

The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for… Read More

June 29, 2017 @ 7:58 pm By JD Alois  |  

The Securities and Exchange Commission, (SEC) has announced that the Division of Corporation Finance (CorpFin) will now permit all companies to submit draft registration statements relating to initial public offerings for review on a non-public basis. This process will be available for IPOs as well as… Read More

June 28, 2017 @ 12:00 pm By JD Alois  |  

The Financial Stability Board (FSB) has weighed in on the burgeoning Fintech sector of finance. The FSB has been analyzing “financial stability implications” potentially created by Fintech innovation. The FSB says it is specifically seeking to identify “supervisory and regulatory issues that merit authorities’ attention”…. Read More

June 25, 2017 @ 12:56 pm By JD Alois  |  

The Congressional subcommittee on Capital Markets, Securities, and Investment Enterprises, has scheduled a hearing on the topic of US equity markets. Entitled,“U.S. Equity Market Structure Part I: A Review of the Evolution of Today’s Equity Market Structure and How We Got Here,” is scheduled to… Read More

June 23, 2017 @ 2:49 pm By Cole Lyons  |  

The Boston based company Fintech Sandbox and the Ontario Centres of Excellence (OCE) signed a memorandum of understanding (MOU) to work together to bring the Fintech Sandbox model into Ontario and eventually the rest of Canada. The President and CEO of OCE, Dr. Tom Corr,… Read More

June 23, 2017 @ 8:10 am By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) and the Japan Financial Services Agency (JFSA) have announced a framework for co-operation to promote Fintech innovation in Japan and Australia. A formal “Exchange of Letters” ceremony between Australian Ambassador to Japan, the Hon Richard Court AC and State Minister… Read More

June 21, 2017 @ 10:25 pm By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) is out with two consultation papers that are guides for crowd-sourced funding (or investment crowdfunding). The first, “Crowd-sourced funding: Guide for public companies,” is consultation seeking feedback for proposed guidance on public companies raising capital online. The second, “Crowd-sourced funding:… Read More

June 19, 2017 @ 1:47 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) is opening up its doors at its Office of Innovation.  Announced today, the OCC will host office hours for its Office of Innovation at the OCC’s district office in New York City. The OCC is welcoming… Read More

June 18, 2017 @ 12:50 pm By JD Alois  |  

The European Crowdfunding Network (ECN) has launched a survey dedicated to addressing the challenges of cross border transactions in the investment space. More specifically, the ECN is seeking input on cross border crowdfunding and online lending, including peer to peer / marketplace lending. The ECN… Read More

June 18, 2017 @ 10:43 am By JD Alois  |  

The Chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) John Griffith-Jones has confirmed his intent to depart both agencies at the end of his term in March 2018.  Griffith-Jones was appointed as the first FCA Chair in 2013, He became Chair… Read More

June 17, 2017 @ 12:30 pm By Jonathan Nieh  |  

The exponential growth of Initial Coin Offerings (ICOs), which are being used to raise huge amounts of money using blockchain based tokens, have been increasingly scrutinized. According to a recent report on Reuters, regulators within the SEC are taking a hard look at the use of… Read More

June 16, 2017 @ 4:47 pm By Therese Torris  |  

Yesterday the President of France, Emmanuel Macron received a standing ovation from an audience of tech startups and large businesses at Viva Technology. He spoke of France as a startup nation embracing hyper-innovation, of a revolution, a complete change of mindset. He shared his vision… Read More

June 16, 2017 @ 3:33 pm By Cole Lyons  |  

  The Federation of European Securities Exchanges (FESE) recently published their response to the European Commission’s Consultation, “FinTech: a more competitive and innovative European Financial Sector.” In their response, they listed three principles that they believe will be vital for the development of the Fintech… Read More

June 15, 2017 @ 10:22 am By Erin Hobey  |  

As reported, the UK Financial Conduct Authority named its second cohort of 24 Fintech firms that are ready to begin testing shortly.  What exactly is a sandbox and why is it important for countries to utilize these to engender innovation and spark disruption? Startups and nubie platforms… Read More

June 15, 2017 @ 8:30 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published an update on the Fintech Sandbox and has provided a list of the firms that have been accepted into the second cohort of the program. The FCA is a trailblazer in the Sandbox concept and the approach to… Read More

June 15, 2017 @ 7:17 am By JD Alois  |  

The European Commission public consultation on Fintech ends today. Launched in March, the consultation was created to better understand how Europe can engender a more competitive and innovative financial sector. The feedback will hopefully help guide the Commission how Fintech can make the EU Single Market… Read More

June 14, 2017 @ 2:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has shared the agenda for the next meeting of the Investor Advisory Committee (IAC) meeting which is scheduled for June 22. The SEC said the committee will hold a discussion in the morning on capital formation for smaller companies… Read More