The Financial Conduct Authority (FCA) may be willing to relax rules to help new financial firms get off the ground, according to regulator Martin Wheatley.
The industry watchdog also hopes to foster new ideas and products directly through its newly created Innovation Hub for finance entrepreneurs. The Hub will provide advice and support to any initiative which can show that it would help consumers, said Wheatley, and the FCA is open to adjusting rules that hamper their progress.
“The Innovation Hub is part of our commitment to support innovation by opening doors to those – regulated and not – who come with fresh ideas about how to deliver financial services,” said Wheatley.
“This work levels the playing field by giving all firms eager to innovate access to our expertise so that the process of joining the financial markets or introducing new products does not seem so daunting.”
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
#PSD2FinishLine recently started trending on Twitter. As the country slowly grows in excitement throughout the month of November, with the C-word on ... read more