Tagged: regulations

March 12, 2017 @ 6:05 pm By JD Alois  |  

Entrepreneurship and the creation of small business is vital to the economic growth of the country and the welfare of the nation. This is a simple, indisputable fact. Yet too frequently, small business and entrepreneurs get pushed to the side as policymakers and regulators focus… Read More

March 3, 2017 @ 8:08 am By JD Alois  |  

The Innovative Finance ISA or IFISA has been heralded by many in the P2P lending sector as a boon for the industry. Investors now have the ability to participate in P2P loans while benefiting from the tax deferred nature of ISAs. Yet the Financial Conduct… Read More

February 28, 2017 @ 12:00 pm By Gillian Roche-Saunders  |  

This morning every P2P platform received a Dear CEO letter from the FCA, stating that platforms should not facilitate loans to a party who lends those monies onwards, unless that party is authorised for accepting deposits.  The issue here is really with the underlying lenders… Read More

February 26, 2017 @ 10:27 am By JD Alois  |  

President Donald Trump has been flexing the power of his office by enacting multiple Executive Orders (EO). The most recent from the Trump administration is, once again, addressing regulatory reform.  Trump has signed two other EOs tackling regulations that may impact the financial services sector…. Read More

February 22, 2017 @ 9:56 am By Xu Gao  |  

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

February 21, 2017 @ 8:58 pm By JD Alois  |  

  Sara Hanks is well known in the alternative finance/crowdfunding space. Hanks is CEO and founder of CrowdCheck –  a due diligence, disclosure and compliance services for online capital formation. She is a Board member of CFIRA and is the current Chair of the SEC’s… Read More

February 17, 2017 @ 4:36 pm By JD Alois  |  

Why are more companies staying private? That’s a good question. Many moons ago, it was the ambition of most young promising companies to get big enough to “go public” and do an initial public offering (IPO). Becoming a listed company was viewed as a stamp… Read More

February 9, 2017 @ 7:00 pm By JD Alois  |  

FINRA, or the “Financial Industry Regulatory Authority”, is one of the most powerful financial regulators in the United States. It is also a private corporation that performs its duties as a “self-regulatory organization” (SRO). FINRA oversees the thousands of broker-dealers and other financial industry participants… Read More

January 30, 2017 @ 2:46 pm By JD Alois  |  

Under a backdrop of a tumultuous few days for the Trump Administration, President Trump signed another Executive Order – this time addressing reducing regulation and controlling regulatory cost, largely for smaller business. In a press event, President signed the order while criticizing Dodd-Frank indicating this… Read More

January 22, 2017 @ 2:47 pm By JD Alois  |  

The concept of a Fintech Charter for emerging firms in the financial services industry has generated plenty of attention on Capitol Hill and with Fintech entrepreneurs. Originally pitched by the Office of the Comptroller of the Currency towards the end of last year, a comment… Read More

January 10, 2017 @ 1:02 pm By JD Alois  |  

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

January 9, 2017 @ 9:05 am By Vincent Basulto  |  

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

January 8, 2017 @ 5:30 pm By Timothy Li  |  

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

January 8, 2017 @ 1:30 pm By Lior Ostashinsky  |  

  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

January 4, 2017 @ 4:43 pm By JD Alois  |  

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

January 2, 2017 @ 4:49 pm By JD Alois  |  

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

December 30, 2016 @ 3:41 pm By JD Alois  |  

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

December 24, 2016 @ 8:47 am By Therese Torris  |  

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

December 17, 2016 @ 5:02 pm By Jason Best & Sherwood Neiss  |  

  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

December 14, 2016 @ 4:30 pm By Barry James  |  

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