Home Page Icon
Home Page
Table of Contents for
Index
Close
Index
by Stefan Loesch
A Guide to Financial Regulation for Fintech Entrepreneurs
Cover
Title Page
About the Book
Acknowledgments
About the Author
PART I: Fintech Regulation and Strategy
CHAPTER 1: Regulatory Strategy for Fintech Companies
1.1 Regulation
1.2 A Regulatory Strategy Framework
CHAPTER 2: Overview of Financial Services Regulation
2.1 Types of Regulation
2.2 Strands of Regulation
CHAPTER 3: Regulation in Practice
3.1 Sources of Regulation
3.2 Regulatory Models
3.3 Fintech Regulation
CHAPTER 4: The Financial Services Industry
4.1 Classic and Corporate Banking
4.2 Specialised Lending
4.3 Investment Banking and Advisory
4.4 Payments
4.5 Asset Management
4.6 Brokerage and Transaction Services
4.7 Insurance
4.8 Others
CHAPTER 5: Retail Financial Services Products
5.1 Payments and Deposits
5.2 Retail and SME/Mid‐market Lending and Credit
5.3 Retail Investments
5.4 Other Products
5.5 Insurance
5.6 Financial Advisory
CHAPTER 6: Wholesale Financial Services Products
6.1 Wholesale Credit
6.2 Wholesale and Specialist Asset Management
6.3 Primary Markets and Origination
6.4 Sales, Trading, Brokerage, and Exchanges
6.5 Settlement, Custody, and Ancillary Services
6.6 Advisory and Research
PART II: Selected Regulations in Detail
SHEET 1: Alternative Investment Fund Manager Directive
1.1 General
1.2 Authorisation to Market
1.3 Interaction with Regulators
SHEET 2: Anti Money Laundering Directive
2.1 Definition and Scope
2.2 Implementation
2.3 Obligations of All Companies
2.4 Financial Intelligence Units and Cooperation
2.5 Information Requirements on Transfers of Funds
SHEET 3: Bank Recovery and Resolution Directive
3.1 Definition and Scope
3.2 Preparation
3.3 Execution
3.4 Ancillary Regulations
SHEET 4: Cross‐Border Payments Regulation
4.1 Definition and Scope
SHEET 5: Consumer Contracts Directive
5.1 Definition and Scope
SHEET 6: Consumer Credit Directive
6.1 Definition and Scope
6.2 Information to Be Provided Before Concluding an Agreement
6.3 Credit Assessment and Credit Databases
6.4 Information to Be Provided with Agreements
6.5 Consumer Rights Under Credit Agreements
6.6 Annual Percentage Rate of Charge (APR)
SHEET 7: Capital Requirements Directives
7.1 General Background on Basel and CRD
7.3 Capital Requirements Overview
7.4 Capital Requirements for Credit Risk
7.5 Capital Requirements for Non‐credit Risk
7.6 Leverage Ratio
7.7 Liquidity Risk
7.8 Pillar 3 Disclosure
7.9 Other
SHEET 8: Deposit Guarantee Scheme Directive
8.1 Definition and Scope
SHEET 9: Distance Marketing in Financial Services Directive
9.1 Definition and Scope
9.2 Information Requirements
9.3 Withdrawal and Renewal
9.4 Other
SHEET 10: European MarketInfrastructure Regulation
10.1 Definition and Scope
10.2 Central Counterparties
10.3 Trade Repositories
SHEET 11: Electronic Money Directive
11.1 Definition and Scope
SHEET 12: General Data Protection Regulation
12.1 Definition and Scope
12.2 Definition of Data
12.3 Pre‐requisites of Data Collection—Purpose and Consent
12.4 Information Requirements
12.5 Rights of the Data Subject
12.6 Data Controller Requirements
12.7 Transfer to Third Countries
12.8 Role of Supervisors
12.9 Liability
12.10 Specific Situations
SHEET 13: Market Abuse Regulation
13.1 Definition and Scope
13.2 Inside Information
13.3 Insider Dealing
13.4 Unlawful Disclosure
13.5 Market Manipulation
13.6 Requirements, Prohibitions, and Fines
13.7 Regulators
SHEET 14: Mortgage Credit Directive
14.1 Definition and Scope
14.2 General Requirements
14.3 Credit Intermediaries and Appointed Representatives
14.4 Pre‐contractual Requirements
14.5 Credit Assessment and Credit Databases
14.6 Foreign Currency and Variable Rate Loans
14.7 Arrears and Foreclosure
14.8 Other
SHEET 15: Markets in Financial Instruments Directive
15.1 Definition and Scope
15.2 Authorisation and General Requirements
15.3 Investor Protection
15.4 Trading Venues
15.5 Data Reporting
SHEET 16: Packaged Retail and Insurance‐based Investment Products Regulation
16.1 Definition and Scope
16.2 Form and Content
16.3 Provision
16.4 Monitoring, Invervention, Complaints, and Fines
16.5 Technical Provisions
SHEET 17: Payments Services Directive
17.1 Definition and Scope
17.2 Players in the Payment System
17.3 Authorisation and Regulatory Requirements
17.4 Operational Requirements
17.5 Third‐party Access
17.6 Liability and Refunds
SHEET 18: Rating Agencies Regulation
18.1 Definition
18.2 Scope
18.3 Registration and Equivalence
18.4 General Operational Requirements
18.5 Structured Finance Ratings
18.6 Unsolicited Ratings
18.7 Disclosure and Transparency
18.8 Role of EBA
SHEET 19: Undertakings for Collective Investment in Transferable Securities Directive
19.1 Key Elements
19.2 Management Companies
19.3 Depositaries
19.4 Investment Policies
19.5 Investor Information
19.6 General Obligations of UCITS’
19.7 Cross‐border Distribution and Passporting of Funds
19.8 Regulators and Regulatory Powers
19.9 Other
SHEET 20: Unfair Commercial Practices Directive
20.1 Definition and Scope
20.2 Misleading Practices
20.3 Aggressive Practices
20.4 Enforcement
Appendix A: Important Definitions from European Legal Texts
Appendix B: Abbreviations Used for Legal References
Index
End User License Agreement
Search in book...
Toggle Font Controls
Playlists
Add To
Create new playlist
Name your new playlist
Playlist description (optional)
Cancel
Create playlist
Sign In
Email address
Password
Forgot Password?
Create account
Login
or
Continue with Facebook
Continue with Google
Sign Up
Full Name
Email address
Confirm Email Address
Password
Login
Create account
or
Continue with Facebook
Continue with Google
Prev
Previous Chapter
Appendix B: Abbreviations Used for Legal References
Next
Next Chapter
End User License Agreement
Index
ABC
ABS
Accepted Market Practices
Account Information Service
Account Information Services Provider (AISP)
Account Servicing PSPs
accounts receivable
active management
Additional Tier 1 capital (AT1)
adequacy (under GDPR)
Advanced Measurement Approach
advisory business
AFM
AIF
AIFM
AIFMD
AISP
algorithmic management
algorithmic trading
alt–A
Alternative Investment Fund (AIF)
Alternative Investment Fund Manager (AIFM)
Alternative Investment Fund Manager Directive (AIFMD)
alternative investment
AML
AMLD
angel investor
Annual Percentage Rate (APR)
Annual Percentage Rate of Charge (APRC)
Anti Bribery Corruption (ABC)
Anti Money Laundering (AML)
Anti Money Laundering Directive (AMLD)
APA
Approved Publication Arrangement (APAs)
Approved Reporting Mechanism (ARMs)
APR
APRC
ARM
Asset Backed Security (ABS)
asset finance
Asset Separation Tool
AT1
auctions
auto bank
auto loan
Bail–in Tool
balloon loan
bancassurance
bank transfer
Banking Recovery and Resolution Directive (BRRD)
Basel Committee for Banking Supervision (BCBS)
Basic Indicator Approach (BIA)
BCBS
BIA
bilateral contract
block trade
bond future
bond
breakable deposit
Bridge Institution Tool
broker research
broker/dealer
broker
BRRD
bullet loan
buy–to–let mortgage
call option
capital lease
capital markets
Capital Requirements Directive (CRD)
Capital Requirements Regulation (CRR)
captive advisor
captive company
car insurance
card ABS
card payment
card scheme
cardholder (not) present
cash ETF
CBO
CCP
access by third–country trading venues
default fund
non–discriminatory access to
CDO
central clearing counterparty (central counterparty) (CCP)
access by third–country trading venues
default fund
non–discriminatory access to
certificate
certificate of deposit
CESR
CET1
CFPB
CFTC
cheque
Chinese Wall
CID
CJEU
clearing
clearing house
clearing member
clearing obligation
clearing service
clearing threshold
CLO
closed–ended fund
CMBS
CNB
CNMV
collateralised bond obligation (CBO)
collateralised debt obligation (CDO)
collateralised loan obligation (CLO)
Combat Terrorist Finance (CTF)
Commercial Mortgage Backed Security (CMBS)
Commercial Real–Estate (CRE)
commitment fee
commodity futures market
Commodity Futures Trading Commission (CFTC)
Common Equity Tier 1 capital (CET1)
common funds
competent authorities
conduct supervision
Conference of State Bank Supervisors (CSBS)
conforming mortgage market
consolidated supervision
Consolidated Tape Providers (CTP)
construction finance
consumer contract
Consumer Contracts Directive
consumer credit
Consumer Credit Directive
Consumer Financial Protection Bureau (CFPB)
consumer protection
consumer rights
consumers, definition
continuous trading
corporate banking
corporate credit
corporate lending
counterparty credit charge
counterparty credit risk
Court of Justice of the European Union (CJEU)
CRAs
credit card loan
credit card receivables
credit derivative
credit exposure
credit guarantee
credit institution
Credit Institutions Directive (CID)
credit insurance
credit intermediary
credit line
credit rating agencies (CRAs)
credit research
credit risk
credit risk mitigation
credit union
Credit Valuation Adjustment (CVA)
creditor
cross–border payment
Cross Border Payments Regulation (CBPR)
cross–collateralised business loan
cross–currency payment
CRR
CSBS
CTF
CTP
custodian
custody
customer due diligence measures
CVA
cyber crime
cyber security
dark pool
data accountability
data accuracy
data controller
data integrity and confidentiality
data lawfulness, fairness and transparency
data minimisation
data processor
data protection certification mechanisms
data protection seals and marks
data reporting
data service
data subject
DCM
dealer
debit
debit card
Debt Capital Markets (DCM)
Deposit Guarantee Scheme
Deposit Guarantee Scheme Directive (DGSD)
Depository Service Provider
derivative credit line
derivative
trading
derivatives clearing
derivatives clearing houses
derivatives exchange
derivatives line
derivatives novation
DGSD
direct account access
discretionary managers
Distance Marketing in Financial Services Directive
domestic payment
early intervention phase
early stage investment
early–stage start–up
EBA
ECAI
ECB
ECHR
ECJ
ECM
economic research
EDGAR
EEA
EIOPA
EL
Electronic Money
Electronic Money Directive (EMD)
Electronic Money Institutions
Electronic Money Issuers
eligible counterparty
EMD
EMIR
emission allowances
endorsement
enhanced customer due diligence
equipment loan
equities research
equity brokers
Equity Capital Market (ECM)
equity tranche
equivalence
equivalence regime
ESC
ESIS
ESMA
ESRB
ETF
European agencies
European Banking Authority (EBA)
European Central Bank (ECB)
European Commission
European Court of Human Rights (ECHR)
European Data Protection Board
European Insurance and Occupational Pensions Authority (EIOPA)
European Market Infrastructure Regulation (EMIR)
European Parliament
European Securities and Markets Authority (ESMA)
European Securities Committee (ESC)
European Standardised Information Sheet (ESIS)
European system of financing arrangements
European Systemic Risk Board (ESRB)
European Union
Member States
Single Market
exchange–traded securities
exchange–traded derivatives
exchange–traded funds (ETF)
exchanges
expected loss (EL)
External Credit Assessment Institution (ECAI)
factoring
family office
FATF
FCA
FDIC
Fed
Federal Deposit Insurance Corporation (FDIC)
Federal Insurance Office (FIO)
Federal Reserve System
Financial Action Task Force (FATF)
financial advisory
Financial Conduct Authority (FCA)
Financial Crimes Enforcement Network (FinCEN)
Financial Industry Regulatory Authority (FINRA)
financial instrument
Financial Intelligence Unit (FIU)
Financial Policy Committee (FPC)
Financial Stability Board (FSB)
financing
FinCEN
finished goods inventory
FINRA
FIO
FIU
FMA
FoF
forum shopping
four–party scheme
FPC
framework contract
free delivery risk
freedom to provide services
front contract
FSB
Fund of Fund (FoF)
fungible
G20
gambling serice
gated fund
GDPR
General Data Protection Regulation (GDPR)
general investment advice
general purpose lines
general risk
gift card
Globally Systemically Important Banks (G–SIBS)
Globally Systemically Important Financial Institutions (G–SIFIs)
going–concern capital
gone concern capital
Government Financial Stabilisation Tool
G–SIBS
G–SIFIs
health insurance
hedge fund
HELs
HFT
high frequency trading (HFT)
high net worth (HNW)
High Risk Third Country
Highly Leveraged Fund
HNW
Home Equity Loans (HELs)
home insurance
home regulator
host regulator
IAIS
ICAAP
ICSD
IDBs
Identifiable Natural Person
illiquid security
indemnity
independent advisor
independent investment research
index fund
index manager
individual safe deposit
infrastructure lending
initial margin
Initial Public Offering (IPO)
inside information
insider dealing
instalment payment
institution
credit
electronic money
non–credit
Institutions for Occupational Retirement Provision Directive (IORPD)
insurable risk
insurance
insurance advice
insurance broker
insurance premium
insured deposit
inter dealer broker (IDBs)
interest–only loan
interest rate swap
Internal Capital Adequacy Assessment Process (ICAAP)
Internal Ratings Based Approach (IRBA)
International Association of Insurance Supervisors (IAIS)
International Organisation of Securities Commissions (IOSCO)
intra–group transaction
inventories
inventory financing
investible index
investment banking
Investment banking advisory
investment bank
investment certificate
Investment company
investment compartments
investment firm
definition
initial capital requirements of
intermediary, responsibilities of
investment grade bond
investment grade rating
investment research
investor compensation scheme (ICSD)
invoice financing
invoice
IORPD
IOSCO
IPO
IRBA
ISVAP
IT infrastructure provider
Joint Controller
Joint Forum
jumbo market
junk bond
Key Information Document (KID)
Key Investor Information Document (KIID)
Know Your Customer (KYC)
large–corporate credit
large corporation
large exposure
late–stage investment
LCR
leasing
leasing company
leasing contract
ledger
lending
letter of credit (LoC)
leverage ratio
leveraged loan
LGD
life insurance
limit order
Limited Network Instrument
limit
Liquidity Coverage Ratio (LCR)
liquidity reporting
Liquidity Restoration Plan
liquidity risk
living will
loan documentation
loan servicing
loan
LoC
Loss Given Default (LGD)
M&A
macro–prudential regulation
MAD
management company
margined derivatives
market abuse
Market Abuse Directive (MAD)
Market Abuse Regulation (MAR)
market maker
market manipulation
market orders
market risk
Market Risk Standardised Approach
market sounding
markets
Markets in Financial Instruments Directive (MiFID / MIFIR)
Material Non Public Information (MNPI)
maturity date
mergers and acquisitions
mezzanine debt
mezzanine tranche
micro–prudential regulation
micro–prudential supervision
mid–market
lending and credit
MiFID / MiFIR
Minimum Required own funds and Eligible Liabilities (MREL)
MNPI
money laundering
money market fund
money transfer
monoline insurance company
monoline insurers
monthly debit
mortage advice
mortgage
mortgage broker
Mortgage Credit Directive
mortgage loan
mortgage originator
mortgage servicer
most favourable execution
MREL
MSRB
MTF
multi–currency transaction accounts
Multilateral Trading Facility (MTF)
multinational
Multi–Tenant Residential Property
Municipal Securities Rulemaking Board (MSRB)
municipality
mutual bank
mutual fund
mutualisation of risk
NAIC
NASDAQ
National Association of Insurance Commissioners (NAIC)
National Association of Securities Dealers (NASD)
National Credit Union Administration (NCUA)
national financing arrangements
National Futures Association (NFA)
national identification numbers
NCUA
NCWO
Net Stable Funding Ratio (NSFR)
NFA
No Creditor Worse Off (NCWO)
non–action–letter
non–conforming market
non–credit institutions
non–recourse
novation
NYDFS
obliged entity
OCC
Office of the Comptroller of the Currency (OCC)
ombudsman
online brokerages
open–ended fund
open–ended agreement
operating lease
operational analysis
operational risk
option
organised trading facility (OTF)
originate–to–distribute model
origination
OTC
OTF
out–of–court settlement
out–of–the–money
overdraft facility
over–the–counter (OTC)
own funds
P2P lending
Packaged Retail and Insurance–based Investment Product (PRIIP)
Packaged Retail and Insurance–based Investment Products Regulation (PRIIPR)
passive management
passive segment
passporting
pawnbroker
payday lender
Payment Initiation Service Provider (PISP)
Payment Initiation Service
Payment Institution (PI)
Payment Instrument
Payment Service Provider (PSP)
Account Servicing
Payment Service
Payment Systems Regulator (PSR)
Payments Services Directive (PSD)
PSD2
PD
PE
pecking order of creditors
pension advice
pension
PEP
PI
Pillar 3 disclosure
PISP
place of settlement
Politically Exposed Person (PEP)
portfolio compression
PRA
PRIIP
PRIIPR
primary markets
prime brokerage
principles–based regulation
private banking
private equity (PE)
private equity funds
private side
Probability of Default (PD)
professional client
professional investor
project finance
property and casualty insurance
proportionate regulatory regime
proprietary trading
prudential regulation
Prudential Regulation Authority (PRA)
prudential requirements
prudential supervision
PSD
PSD2
pseudonymisation
PSP
PSR
Public Equity Support Tool
public side
purpose limitation
put option
RAR
rating agency
Rating Agencies Regulation (RAR)
raw materials inventory
real estate lending
real estate mortgage investment conduit (REMIC)
real money investors
recourse
recovery plan
registrar
regulated exchanges
regulator
regulatory arbitrage
regulatory capture
regulatory college
regulatory passporting
regulatory sandbox
reinsurance
REMIC
remittance
remittances service
remuneration policy
reporting
repo
repurchase agreement (repo)
research
resolution and recovery
Resolution Authority
Resolution Plan
Resolution Tool
retail
retail brokerage
retail client
retail investment
retail mortgage backed security (RMBS)
reverse repo
revolving
right of establishment
right to be forgotten
rights issue
Risk Weighted Assets (RWA)
RMBS
roll
rules–based regulation
RWA
Sale of Business Tool
sales and trading
savings account
savings bank
screenscraping
SEC
SECCI form
secondary markets
secondary offering
secured lending transaction
Securities and Exchange Commission (SEC)
securities clearing house
securities lending
securities trading
securitisation
self regulatory organisations (SRO)
sell–side research
senior debt
senior tranche
settlement
settlement risk
shell bank
short selling
significant branches
simplified customer due diligence
Single Payment Service Provider
Single Payment Transaction
small business
SME
SME growth market
Solvency
Solvency Directive (SOLVD)
Special Personal Data
Special Resolution Manager
Special Resolution Unit (SRU)
specialised lending
specific risk
spread
SREP
SRO
SRU
Standard European Consumer Credit Information Form
Standardised Approach for Credit Risk
static
storage limitation
strategic analysis
Stressed VaR
strike price
Strong Customer Authentication
structured deposit
sub–investment grade rating
subordinated debt
subprime mortgage
subprime securitisation
suitable product
Supervisory Review and Evaluation Process (SREP)
syndicated loan
synthetic ETF
systematic internaliser
tax planning advice
Temporary Public Ownership Tool
term deposit
terrorist financing
three–party schemes
tied agent
Tier 1 capital
Tier 2 capital
title insurance
trade finance
trade repository
tradeable asset
tradeable loan
tradeable right
tradeable security
trading venue
transaction account
transaction service
triple–A rating
two way price
UCC
UCITS
UCITSD
Undertakings for Collective Investments in Transferable Securities (UCITS)
Undertakings for Collective Investment in Transferable Securities Directive (UCITSD)
Unfair Commercial Practices Directive
Uniform Commercial Code (UCC)
uninsurable risk
universal bank
unlawful disclosure
unsecured personal loan
US Federal Reserve System (Fed)
US Treasury
Value–at–Risk (VaR)
variation margin
VC
vendor financing
venture capital (VC)
voice brokerage
whistle blower
wholesale credit
working capital
working capital finance
Add Highlight
No Comment
..................Content has been hidden....................
You can't read the all page of ebook, please click
here
login for view all page.
Day Mode
Cloud Mode
Night Mode
Reset