Stefan Loesch

A Guide to Financial
Regulation for Fintech
Entrepreneurs

to be published by Wiley (early 2018)



Outline

The book comes in two parts. The first part introduces financial services regulation, its purpose, how it is created (especially in the EU and in the US), and how companies can use regulations to gain an advantage against their competitors. It then gives a rundown of the current financial services space--players and products-- and what the key regulations are that apply.

The second part of the book then describes a specific and consistent regulatory system in more detail. The system chosen is the EU because it is somewhat clearer and more unified than the US system which would have been the other possible choice. Financial regulation nowadays however is pretty similar globally, so the principles enshrined in EU regulation will be found in all other systems as well, including the US one.

The Book

Part 1

The first part of the book has three major sections. Firstly, it explains why regulation is important, what it intends to achieve, and how companies can use it to gain a competitive advantage. Then it explains how regulation is actually made, including the various levels in the legislative hierarchy. Finally it gives an overview over the entire financial services space both from an institutional and a product perspective, and discusses the keys regulations that apply in each of those segments.

  1. Regulatory Strategy For Fintech Companies
    • Regulation
    • A regulatory strategy framework
  2. Overview Over Financial Services Regulations
    • Types of regulation (prudential, ...)
    • Strands of Regulation (US, EU)
  3. Regulations In Practice
    • Sources of regulation
    • Regulatory models (US, EU)
    • Fintech Regulation
  4. The Financial Services Industry
  5. Retail Financial Services Products
  6. Wholesale Financial Services Products

Regulatory Strategy Framework
Types of Regulation

Part 2

The second part of the book describes in detail 20 key EU regulations that are applicable in the financial services space, and that as whole provide a good indicator of the regulatory requirements that financial services in all jurisdictions have to fulfill.

  1. Alternative Investment Fund Manager Directive (AIFMD)
  2. Anti Money Laundering Directive (AMLD)
  3. Bank Recovery and Resolution Directive (BRRD)
  4. Cross Border Payments Regulation
  5. Consumer Contracts Directive
  6. Consumer Credit Directive
  7. Capital Requirements Directives (CRD)
  8. Deposit Guarantee Scheme Directive (DGSD)
  9. Distance Marketing in Financial Services Directive
  10. European Market Infrastructure Regulation (EMIR)
  11. Electronic Money Directive
  12. General Data Protection Regulation (GDPR)
  13. Market Abuse Regulation
  14. Mortgage Credit Directive
  15. Markets in Financial Instruments Directive (MiFID)
  16. Packaged Retail and Insurance-based Investment Products Regulation (PRIIPR)
  17. Payments Services Directive (PSD)
  18. Rating Agencies Regulation
  19. Undertakings for Collective Investment in Transferable Securities Directive (UCITS)
  20. Unfair Commercial Practices Directive

EU Offices