Regulation
The UK FCA’s “Risk Appetite” Has Just Changed – Willing to Take More Risk for Possible Growth
The UK FCA dispatched a letter to the British PM, declaring “A New Approach to Ensure Regulators and Regulations Support Growth”. In the letter, the FCA states it is willing to take a more risky regulatory approach, in order to assist financial growth. “To achieve the deep reforms necessary, your acceptance that we will take…
Read MorePizza, Pitstops and Agile Regulation
Abstract The very approach to financial regulation is changing these very days. Fast-paced, wide-scale disruptive technologies such as Gen AI have propelled a fundamental, global shift from Prescriptive Regulation to Agile Regulation. Agile Regulation is a concept that includes several types of regulatory strategies, and primarily Outcome-focused Regulation (OFR). OFR, as its name suggests, focuses…
Read MoreHow to Choose the Right Onboarding Solution for MiCA Compliance
MiCA and the Digital Finance Package On the 24th of September 2020, the EU introduced its “digital finance package”. The “package” was a bundle of suggested legislative and policy measures aiming to: The EU hoped the digital finance package “would unleash European innovation and create opportunities to develop better financial products for consumers, including for…
Read MoreNavigating the Evolving Regulatory Landscape in the FX Industry
Introduction The financial services industry, particularly the FX sector, operates in a dynamic regulatory environment. For example, in the EU, MiFID II and MiFIR are currently in a comprehensive review process, scheduled to proceed well into 2025, and include major changes to, among other things, derivatives transparency requirements. And this is, of course, just one…
Read MoreMuinmos Wins 2024 Global Forex Award for Best KYC Provider
Muinmos is thrilled to have been named Best KYC Provider in the B2B Global Forex Awards 2024. This category recognises the best-of-breed KYC vendor, providing the most complete and fully automated KYC/AML solution, combating financial crime while also improving the end-client’s onboarding experience. This is the fifth consecutive year that the rapidly growing RegTech has…
Read MoreMuinmos and Blade Labs Partner to Set New Compliance Standards in Web3
Muinmos, has partnered with Blade Labs, a fintech solutions provider for enterprises like LG Electronics, to tackle the fragmented and ineffective Know Your Customer (KYC) processes that currently exist in the Web3 space. The collaboration, which sees Muinmos’ Client Onboarding Platform integrated into Blade Labs’ Digital Asset Platform, aims to standardize compliance and simplify the…
Read MoreSpanish CFD Barbie-Clients and Fundamental EU Rights
A guest editorial for FX News Group as published 14th August 2023 Spanish Barbie-Clients In the 2023 movie “Barbie” (spoilers ahead), Barbie’s perennial male counterparty Ken “imports” Patriarchy into Barbie-Land, and, using nothing more than beer and horse-related imagery, manages to make (almost) all the Barbies abandon their positions of power and accept submissive, Ken-serving…
Read MoreAsk the Expert: Gary Youinou, Managing Director, KnowYourCountry Limited
Tell us about yourself and your organisation Back in 2006, after many years working in the offshore finance industry, and experiencing the massive changes in compliance and risk assessment that came into force in the late 90s and early 2000s, I decided to establish a research tool based on country AML risk. Initially, the focus…
Read MoreAsk The Expert: Peter Halloway-Churchill
Please tell us about your background and current role Over the last 30 years, I have built and run a number of regulated firms in the financial services sector and worked in London, USA, France and the Middle East. 7 years ago I founded HallowayChurchill Ltd, a London-headquartered consultancy, specialising in compliant business and risk…
Read MoreThe Days of Regulatory Arbitrage Are Numbered….Will Brokers Be Forced to Shut Down?
OpEd by Remonda Kirketerp-Møller, Founder & CEO, Muinmos As published in Finance Magnates on 13 February 2022. Imaginary borders If the pandemic has taught us anything, it is that borders are imaginary. A virus that appears in China today can be in the US tomorrow; and a “South-African” variant can infect people all over Europe.…
Read More