{"product_id":"a-guide-to-financial-regulation-for-fintech-entrepreneurs-isbn-9781119436706","title":"A Guide to Financial Regulation for Fintech Entrepreneurs","description":"\u003cp\u003e\u003cb\u003eThe Fintech Entrepreneur’s Guide to Regulation and Regulatory Strategy\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFintech has been growing dramatically over the last few years, and it is now an important sector in its own right. This means that Fintech companies, who could so far often rely on a comparatively lenient regulatory regime, will now have to give serious thoughts on compliance with applicable regulatory rules. \u003c\/p\u003e \u003cp\u003eOperating in a highly regulated environment is tedious, but not all bad—companies that can play the regulatory game well have a strategic advantage, especially with regard to time-to-market and scaling. Nothing spells missed opportunity like a competitor building market share with a copycat product whilst you are still waiting for your license!\u003c\/p\u003e \u003cp\u003eWritten for professionals, this book helps anyone whose job has to do with formulating or executing a Fintech startup strategy or whose job touches financial services regulation, or anyone who simply wants an easy- to-read introduction to financial services and their regulation.   \u003c\/p\u003e \u003cul\u003e \u003cli\u003eDescribes the purpose of and principle behind modern financial services regulation\u003c\/li\u003e \u003cli\u003eExplains how to include regulation into a startup’s strategic planning to optimize time-to-market and scaling\u003c\/li\u003e \u003cli\u003eGives an overview of the entire financial services space, and which regulations apply where\u003c\/li\u003e \u003cli\u003eGives detailed references to 20 key regulations in the EU regulatory system, including PSD, GDPR, CRD, AMLD, MiFID, UCITSD, AIFMD\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe first part introduces financial services regulation, its purpose, how it is created (especially in the EU and in the US), and it develops a framework for including regulations into the strategic planning of a company. It also gives a rundown of the current financial services space—players and products—and its key regulations. The second part describes a regulatory system in more detail. The system chosen is the EU because it is more consistent and unified than the US system where a lot of the regulation still is created at the state-level. However, as most financial regulation nowadays is determined at the global level, the principles found in EU regulation will be by and large also be found the US and other systems.\u003c\/p\u003e \u003cp\u003eAbout the Book ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eAbout the Author xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I Fintech Regulation and Strategy 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Regulatory Strategy for Fintech Companies 3\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Overview of Financial Services Regulation 17\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Regulation in Practice 35\u003c\/p\u003e \u003cp\u003eCHAPTER 4 The Financial Services Industry 65\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Retail Financial Services Products 77\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Wholesale Financial Services Products 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Selected Regulations in Detail 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSHEET 1 Alternative Investment Fund Manager Directive 123\u003c\/p\u003e \u003cp\u003eSHEET 2 Anti Money Laundering Directive 131\u003c\/p\u003e \u003cp\u003eSHEET 3 Bank Recovery and Resolution Directive 139\u003c\/p\u003e \u003cp\u003eSHEET 4 Cross-Border Payments Regulation 147\u003c\/p\u003e \u003cp\u003eSHEET 5 Consumer Contracts Directive 149\u003c\/p\u003e \u003cp\u003eSHEET 6 Consumer Credit Directive 151\u003c\/p\u003e \u003cp\u003eSHEET 7 Capital Requirements Directives 155\u003c\/p\u003e \u003cp\u003eSHEET 8 Deposit Guarantee Scheme Directive 169\u003c\/p\u003e \u003cp\u003eSHEET 9 Distance Marketing in Financial Services Directive 173\u003c\/p\u003e \u003cp\u003eSHEET 10 European Market Infrastructure Regulation 177\u003c\/p\u003e \u003cp\u003eSHEET 11 Electronic Money Directive 183\u003c\/p\u003e \u003cp\u003eSHEET 12 General Data Protection Regulation 187\u003c\/p\u003e \u003cp\u003eSHEET 13 Market Abuse Regulation 195\u003c\/p\u003e \u003cp\u003eSHEET 14 Mortgage Credit Directive 201\u003c\/p\u003e \u003cp\u003eSHEET 15 Markets in Financial Instruments Directive 209\u003c\/p\u003e \u003cp\u003eSHEET 16 Packaged Retail and Insurance-based Investment Products Regulation 225\u003c\/p\u003e \u003cp\u003eSHEET 17 Payments Services Directive 229\u003c\/p\u003e \u003cp\u003eSHEET 18 Rating Agencies Regulation 239\u003c\/p\u003e \u003cp\u003eSHEET 19 Undertakings for Collective Investment in Transferable Securities Directive 243\u003c\/p\u003e \u003cp\u003eSHEET 20 Unfair Commercial Practices Directive 253\u003c\/p\u003e \u003cp\u003eAppendix A Important Definitions from European Legal Texts 257\u003c\/p\u003e \u003cp\u003eAppendix B Abbreviations Used for Legal References 277\u003c\/p\u003e \u003cp\u003eIndex 279\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eSTEFAN LOESCH\u003c\/b\u003e is an experienced financial services executive, tech entrepreneur, and author. He is currently working on a number of ventures that use crypto and blockchain technology within the framework of traditional finance and regulation. His past ventures include an early stage peer-to-peer lending start-up and an edtech start-up. He is co-editor and one of the authors of PRMIA's \u003ci\u003eProfessional Risk Managers Handbook\u003c\/i\u003e.  \u003c\/p\u003e\u003cp\u003eIn the past, he was an Executive Director at J.P. Morgan, and a consultant in McKinsey's Corporate Finance practice. He holds a degree in Physics from the University of Bonn and an MBA from INSEAD.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eADVANCE PRAISE FOR\u003c\/b\u003e A GUIDE TO\u003cb\u003e FINANCIAL REGULATION\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Having been a Fintech venture capital investor for many years now, I am keenly aware  of the importance of regulation. Indeed, one of the main issues I encountered when  assessing a potential investment is how well-versed the founding team is when it  comes to regulatory matters. This will most assuredly be even more important going  forward. As such, I am delighted to see Stefan, a Fintech expert I rely on often and  who I hold in great respect, covering financial regulatory matters and how important  they are for entrepreneurs in his new book. If you are serious about Fintech, please  read this book.\" \u003cb\u003e —Pascal Bouvier,\u003c\/b\u003e Fintech VC  \u003c\/p\u003e\u003cp\u003e \"If you think of regulation as too hard, you'll either end up in jail or fail for having never tried. In a world where tech is colliding with finance it's great that someone's finally written the missing manual!\" \u003cb\u003e —Simon Vans-Colina,\u003c\/b\u003e Monzo  \u003c\/p\u003e\u003cp\u003e \"Successfully engaging with regulation will differentiate winners from losers in Fintech, and this book offers a strong foundation for founders and investors alike.\" \u003cb\u003e —Sid Singh,\u003c\/b\u003e Fintech Investments, US Bulge Bracket Bank  \u003c\/p\u003e\u003cp\u003e \"Stefan lucidly and succinctly captures the essence of relevant regulation for Fintech firms. His book is a very helpful summary of regulatory and risk management priorities.\" \u003cb\u003e —Jonathan Howitt,\u003c\/b\u003e Board Member, Professional Risk Managers' International Association\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988629438693,"sku":"NP9781119436706","price":39.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119436706.jpg?v=1761781038","url":"https:\/\/k12savings.com\/es\/products\/a-guide-to-financial-regulation-for-fintech-entrepreneurs-isbn-9781119436706","provider":"K12savings","version":"1.0","type":"link"}