Storm-7 Consulting Regulatory, Risk and Compliance In-House Training Courses by Storm-7 Consulting

STORM-7 CONSULTING REGULATORY, RISK AND COMPLIANCE IN-HOUSE TRAINING COURSES

ABOUT THE IN-HOUSE TRAINING COURSES

ABOUT STORM-7 CONSULTING

ATTENDEES: Unlimited.

Storm-7 Consulting is an international consulting company that provides premier intelligence, insight and support to global financial institutions. We provide cutting-edge conferences, events, public training courses, and in-house training courses to leading firms globally.

MATERIALS: Comprehensive Hard Copy Training Course Manual and Training Reference Materials, 4 x Electronic PowerPoint Presentations.

We provide expert regulatory compliance training covering areas such as the General Data Protection Regulation (GDPR), the revised Markets in Financial Instruments Directive (MiFID II), Automatic Exchange of Information (Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS), revised Market Abuse Directive (MAD 2), Market Abuse Regulation (MAR), the revised Capital Requirements Directive (CRD IV), Packaged Retail and Insurance Based Investment Products (PRIIPs), Solvency II, the revised Payment Services Directive (PSD 2), Central Counterparty (CCP) Clearing, Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF), Stress Testing, and the Senior Managers and Certification Regime.

FIXED MODULES: 4 modules are provided for each one day In-House Training Course.

IN-HOUSE TRAINING COURSE EXPERT

We provide unique and highly innovative marketing services to firms operating in the banking, financial services, Regulatory Technology (RegTech), and Financial Technology (FinTech) sectors. We have designed our training events and materials to significantly enhance employees’ skills and knowledge levels in regulatory compliance frameworks. We also seek to provide a unique, comprehensive, and superior blend of legal, financial, strategic, operational, and technological perspectives in our events.

Rodrigo Zepeda is Co-Founder and Managing Director of Storm-7 Consulting. He is an expert consultant who specialises in derivatives and banking and financial services law, regulation, and compliance. He is an expert in a very broad range of regulatory compliance frameworks such as FATCA, the OECD CRS, MiFID II, MAD 2 MAR, PSD2, CRD IV, Solvency II, OTC Derivatives, CCP Clearing, PRIIPs, BRRD, AML4, and the GDPR. He holds a LLB degree, a LLM Masters degree in International and Comparative Business Law, and has passed the New York Bar Examination. He was an Associate (ACSI) of the Chartered Institute for Securities & Investment from 2004 to 2014 and is now a Chartered Member (MCSI). He has created and delivered numerous conferences and training courses around the world such as ‘FATCA for Latin American Firms’ (Santo Domingo, Dominican Republic, Panama City, Panama), ‘MiFID II: Regulatory, Risk, and Compliance (London), and ‘Market Abuse: Operational Compliance’ (London), ‘AEOI (FATCA & CRS)’ (Manama, Bahrain). He has also delivered numerous In-House Training Courses around the world to major international financial institutions such as The Abu Dhabi Investment Authority (MiFID II: Operational Compliance, Abu Dhabi, the United Arab Emirates), the United Nations Principles of Responsible Investment (MiFID II: Final Review, London), CAF, the Development Bank of Latin America (Swaps and Overthe-counter Derivatives, Lima, Peru), Rothschild Investment Management (UK) Limited (AEOI (FATCA & CRS), London) and Bethmann Bank AG (MAD 2 MAR, Frankfurt). He is a Reviewer for the Journal of Financial Regulation and Compliance and has also published widely in leading industry journals such as the Capco Institute’s Journal of Financial Transformation, the Journal of International Banking Law and Regulation, as well as e-books on derivatives law. Noted publications include “Optimizing Risk Allocation for CCPs under the European Market Infrastructure Regulation”; “The ISDA Master Agreement 2012: A Missed Opportunity”; “The ISDA Master Agreement: The Derivatives Risk Management Tool of the 21st Century?”; “To EU, or not to EU: that is the AIFMD question”; and “The Industrialization Blueprint: Re-Engineering the Future of Banking and Financial Services?”.

We have received enquiries and bookings from leading firms around the world, such as the Abu Dhabi Investment Authority, Rothschild Investment Management (UK) Limited, Bethmann Bank AG, Dubai Financial Market, CAF the Development Bank of Latin America, the Central Bank of Ireland, the Central Bank of Russia, APG Asset Management, Royal London Asset Management, Brandes Investment Partners, Eversheds, Erste Group, Millenium Information Technologies, Deutsche Bank, Bethmann Bank AG, ICBC Standard Bank, Gulf International Bank, Raiffeisen Bank International AG, and BGC Partners. We have collaborated with firms around the world, such as the United Kingdom Financial Conduct Authority, Thomson Reuters, Sopra Steria, Sungard AS, Capco, OTC Partners New York, IHS Markit, Eze Castle Integration, ICMA Centre, Sybenetix, Heriot-Watt University, J.P. Morgan Asset Management, Custom House Global Fund Services, Cass Business School, RiXtrema, Solum Financial, Objectivus Financial Consulting, D2 Legal Technology, Eurekahedge, Financial IT, HedgeConnection, Alpha Journal, ATMonitor, HF Alert, and CrowdReviews.

MIFID II COMPLIANCE AND TECHNOLOGY

REVISED MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID II) AND MARKETS IN FINANCIAL INSTRUMENTS REGULATION (MIFIR).

MODULE 4:

MIFID II COMPLIANCE AND TECHNOLOGY – PART II ● MiFID II Suitability and Appropriateness (Assessing Suitability, Assessing Appropriateness, Guidelines). ● MiFID II Research Unbundling, Research Payment Accounts, Broker Voting, PostMiFID II Commision Sharing Agreements, Research Platforms, Research Technology Providers. ● A Review of MiFID II Research Unbundling Technologies and MiFID II Compliance Technologies.

ABOUT:

This In-House Training Course is one of the most cost-effective ways to comprehensively understand the new and highly complex revised Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR). The MiFID II Compliance and Technology training course is not simply about theoretical knowledge and training, it seeks to provide attendees with operational and strategic insight into MiFID II compliance and operational requirements. The training course will provide the ideal mix between theory and operational practice, as well as reviewing a range of MiFID II technologies. MiFID II is not just about compliance, it represents a key opportunity for firms to strategically differentiate themselves and capitalise on new and emerging financial markets and investment opportunities.

MODULE 1:

MIFID II MARKET STRUCTURE, TRADE AND TRANSACTION REPORTING ● MiFID I, MiFID II, and MiFID III Directional Timeline, Systematic Internalisers, Organised Trading Facilities (OTF), Multilateral Trading Facilities (MTFs). ● Trade Execution Update, Data Publication, Consolidated Tape, Consolidated Tape Provider. ● MiFIR Reporting Framework, Reporting Obligations, Extended Scope of Financial Instruments, Approved Reporting Mechanism (ARM) Framework, Data Reporting Services Providers (DRSPs), ARM Providers.

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MODULE 2:

ORGANISATIONAL REQUIREMENTS, INVESTOR PROTECTION, AND SUITABILITY AND APPROPRIATENESS

The updated MiFID II training course provides highly comprehensive training in all of the most key aspects of the complex and intricate MiFID II and MiFIR operational frameworks.”

● Client Classification, Investment Suitability and Appropriateness. ● Product Governance, Sales Targets, Remuneration Policies, Independent Advice, Conflicts of Interest, Exemptions, Compliance Function, Record Keeping. ● The Third Country Framework, Equivalence Assessment, Third Country Firm Legal and Taxation Considerations.

MODULE 3:

MIFID II COMPLIANCE AND TECHNOLOGY – PART I ● MiFID II Best Execution Requirements, Best Execution Technologies, Best Execution and Transaction Cost Analysis. ● MiFID II Recording of Communications (Investment Firm Client Obligations Strategic Considerations). ● A Review of MiFID II Best Execution Technologies and MiFID II Recording of Communications Technologies.

MAD 2 MAR (MARKET ABUSE): OPERATIONAL COMPLIANCE

MODULE 4:

MAD 2 AND MAR OPERATIONAL COMPLIANCE PROGRAMMES ● COMPLIANCE: (1) MAD 2 and MAR compliance programmes; and (2) modification of existing Information Technology (IT) infrastructures. ● NEW EXEMPTIONS: (1) trading in own shares in buyback programs; (2) trading in securities for the stabilization of securities exception and eligibility conditions; (3) public authorities in pursuit of monetary, exchange rate, or public debt management policy; (4) EU Agricultural Policy and Climate Policy; (5) Chinese Walls. ● NEW POWERS AND SANCTIONS: (1) Minimum Supervisory and Investigatory Powers (document and data access; interviews; dawn raids, inspections, recordings, data traffic, telecommunications operators, temporary prohibitions); (2) Administrative Sanctions and Measures; (3) Financial Penalties (individuals, companies).

ABOUT:

This one day In-House Training Course will provide attendees with a comprehensive instruction on the new European Union (EU) market abuse regulatory framework governed by the European Securities and Markets Authority (ESMA). It will train attendees on the legal obligations and operational framework for the new Criminal Sanctions For Market Abuse Directive (MAD 2) (Directive 2014/57/EU) and Market Abuse Regulation (MAR) (Regulation No 596/2014). The course will guide attendees through new obligations for trading venues (Multilateral Trading Facility (MTF), Organised Trading Facility (OTF), Emissions Allowances), issuers, financial services firms, and Persons Discharging Managerial Responsibilities (PDMRs). Attendees will obtain training on monitoring, detecting, and identifying suspicious orders and transactions under the new MAD 2 and MAR operational framework, and will also be guided through the new Buy-Back Programmes, Stabilisation Measures, Accepted Market Practices and Market Soundings provisions.

MODULE 1:

THE MAD 2 (DIRECTIVE 2014/57/EU) AND MAR (REGULATION NO 596/201/4) OPERATIONAL FRAMEWORK ● MAD 2 FRAMEWORK: (1) new minimum rules for criminal sanctions and criminal penalties and liability for natural and legal persons; (2) new obligations for trading venues (MTFs, OTFS, Emissions Allowances) and issuers; and (3) application to spot commodity contracts and transactions; and (4) benchmark manipulation. ● MAR FRAMEWORK: (1) New financial instruments covered; (2) obligations and offences (issuer disclosure of inside information; market soundings; transactions by persons discharging managerial responsibilities; suspicious transactions reporting; algorithmic and high-frequency trading); and (3) New whistleblowing obligations, reporting, protections, and financial incentives.

MODULE 3:

MODULE 2:

MAR OPERATIONAL PRACTICES I: SUSPICIOUS TRANSACTION AND ORDER REPORTS (STORS), BUY-BACK PROGRAMME (BBP), AND STABILISATION MEASURES ● STOR FRAMEWORK: (1) STOR content; (2) reasonably suspicious orders (RSOs) (detection, level of suspicion, personnel training; cancellation and modification of orders); (3) Level II Regulatory Technical Standards (RTS) obligations (general requirements, prevention, monitoring, detection, training, reporting, timing, content, templates). ● BBP AND STABLISATION FRAMEWORK: (1) BBP exemption (trading in own shares); (2) qualifying operational conditions (disclosure, reporting, limits); (3) qualifying programme conditions; (4) stabilisation of securities exemption; (5) qualifying operational conditions (duration, disclosure and notification, price limits); (6) BBP and stabilisation measures Level II RTS compliance.

MAR OPERATIONAL PRACTICES II: ACCEPTED MARKET PRACTICES (AMP) AND MARKET SOUNDINGS (MS)

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Even though providing regular training on market abuse to employees is a mandatory requirement, many firms are still continuing to operate in breach of MAD 2 MAR requirements. This training course allows firms to finally become compliant in a highly cost effective way.”

● AMP FRAMEWORK: (1) Establishing legitimate reasons and conforming with accepted market practice; (2) AMP Competent authority criteria (transparency, safeguards, market liquidity and efficiency, trading mechanism, integrity of related markets, investigations, market structural characteristics); (3) AMP Level II RTS compliance; (4) Competent authority reviews. ● MS FRAMEWORK: (1) MS operational framework (MAR, Article 11); (2) Procedural conditions and obligations for market participants (written records, consent, obligations to inform); (3) ESMA MS Guidelines; (4) Level II RTS and Implementing Technical Standards (ITS) on appropriate arrangements, procedures and record keeping requirements.

CCP CLEARING, RISK MANAGEMENT, RECOVERY AND RESOLUTION (EU)

MODULE 4:

DESIGNING EFFECTIVE CCP DEFAULT MANAGEMENT, RECOVERY AND CONTINUITY FRAMEWORKS

ABOUT:

This one day In-House Training Course will provide delegates with a comprehensive understanding of central counterparty (CCP) clearing models and operational frameworks in the European Union (EU). Delegates will receive in depth instruction on the EU CCP regulatory framework governed by the European Securities and Markets Authority (ESMA) and the European Market Infrastructure Regulation (EMIR). Delegates will be able to practically compare a range of key issues affecting CCP offerings in the EU. The one day In-House Training Course will also provide deep coverage of margining practices, clearing models and agreements, operational risks, and risk management frameworks affecting CCPs. Finally, delegates will be guided through the intricacies of effective CCP Recovery and Resolution Plans, and CCP Default Management, Recovery and Continuity Frameworks.

MODULE 1:

THE CENTRAL COUNTERPARTY (CCP) CLEARING MODEL ● An Overview of the CCP Clearing Model (Functional Definition; CCP Ownership; CCP Advantages and Disadvantages; Novation; Cleared Products; Margining; Multilateral Netting; Risk and Default; Loss Mutualisation; Auctions; Portability). ● CCP Regulation v. ‘Too Big To Fail’. ● Case Study: LCH.Clearnet Swapclear.

● The 2012 Committee on Payments and Market Infrastructure Organization of Securities Commissions (CPMI-IOSCO) Principles for Financial Market Infrastructure. ● The ISDA® Principles for CCP Recovery and CCP Default Management, Recovery and Continuity. ● Developing new Total Loss Absorbing Capacity (TLAC), Bailinable debt standards for CCPs, and Developing Standardised Regulatory Stress Testing and Disclosure.

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MODULE 2:

THE EU CCP REGULATORY FRAMEWORK

The rise in the CCP clearing model in the EU has precipitated an urgent need for market participants to comprehensively understand the complexities of CCP regulatory and risk frameworks, margining practices, clearing agreements, and recovery and resolution plans.”

● ESMA and CCP authorisation, recognition and supervision in the EU. ● CCP operating, clearing and reporting obligations under the EMIR framework, CCP Cleared Products, Reporting, Interoperability, Third Country CCPs. ● Basel III capital treatment/risk weightings for Qualifying and Non-Qualifying CCPs.

MODULE 3:

CCP CLEARING MODELS AND AGREEMENTS (DIRECT AND INDIRECT) ● CCP and Client Clearing Documentation and common negotiated provisions (Margin, Termination Events, Pre-Default Porting). ● Customer clearing under modified Master Agreements. ● An Overview of ISDA® Clearing Agreements and Addendums (EU International Swaps and Derivatives Association (ISDA)/Futures Industry Association (FIA) Cleared Derivatives Execution Agreement + Addendum).

AEOI (FATCA & CRS) OPERATIONAL COMPLIANCE MODULE 3:

AEOI (FATCA & CRS) OPERATIONAL COMPLIANCE ● A Legal Review of the Model 1(Reciprocal 1A); Model 1 (Non-Reciprocal 1B); Model 2 (No Pre-Existing Tax Information Exchange Agreement (TIEA) or Double Tax Convention (DTC) Required); Model 2 (Pre-Existing TIEA or DTC); IRS FFI Agreement (Form 8957). ● A Review of the CRS Commentaries; Comparing FATCA and CRS Frameworks and Identifying Key Differences; Identifying and Assessing Compliance and NonCompliance Costs, Organisational Gap Analysis and Developing Effective AEOI Compliance Frameworks; Responsible Office Preparation, Certifications, and Onboarding and Client Relationships.

ABOUT:

This one day In-House Training Course will provide delegates with a comprehensive understanding of the new United States Foreign Account Tax Compliance Act (FATCA) requirements, by combining theory with practice and by incorporating interactive learning elements. The course aims to demystify the complexity of both FATCA and the Organisation for Economic Co-operation and Development (OECD) Common Reporting Standard (CRS) frameworks. The course Expert Trainer will ensure that delegates fully understand the operational impact that FATCA and the OECD CRS will have on the business and on clients, as well as guiding delegates through necessary adaptation processes, compliance solutions, and the complexities of understanding the way the FATCA and OECD CRS frameworks operate around the world.

MODULE 4:

AEOI (FATCA & CRS) RISK MANAGEMENT

MODULE 1:

● A Review of the Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures. ● A Review of Jurisdictional Trends and Operational Risk Review. ● A Review of AEOI (FATCA & CRS) Loopholes and Anti-Avoidance Strategies.

THE FATCA REGULATORY FRAMEWORK ● Key FATCA Aims, Objectives and Milestones and Global Implementation and Impact. ● FATCA Definitions (FFI; P-FFI; RDC-FFI; CDC-FFI; NFFE; GIIN; FDAP Income; RO; IGA; USWAs; Gross Proceeds; Passthru Payments; Grandfathered Obligations; Active Income; Passive Income). ● The Three Pillars of FATCA (1) PILLAR I: Classification (Direct and Indirect US Accounts, Regulatory Exemptions), Due Diligence (Individual and Entity Accounts), Classification of Financial Entities; (2) PILLAR II: FFI and NFFE Documentation and Reporting Obligations, FATCA Reporting, Recalcitrant Accounts; (3) PILLAR III: 30% Withholding Penalty, Withholding Payments, FATCA Reporting Responsibilities, Civil and Criminal Penalties for Responsible Officers.

MODULE 2:

THE CRS REGULATORY FRAMEWORK

● A Global Overview of CRS Reporting, Implementation Timelines, and 2017 and 2018 Reporting Deadlines. ● A Review of the CRS (Standard for Automatic Exchange of Financial Account Information), and the Model Competent Authority Agreement (Model CAA). ● CRS Classification, Participating Financial Institutions, and NonResident Account Holders of CRS Participating Countries; On-boarding of New Entity and Individual Accounts and Client On-boarding Solutions, Pre-Existing Account Due Diligence Procedures; CRS Reporting (Foreign Debt, Equity Interests, Custody Accounts, Foreign Deposit Accounts), Reportable Accounts, and Enhanced File Review Procedures.

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The recent Australian CBA $700 million fine has identified how much failing to put in place effective anti-money laundering procedures can cost banks. However, many banks and financial institutions are still continuing to put in place ineffective measures to implement FATCA and CRS frameworks, and are still unaware of the array of loopholes and anti-avoidance strategies that are currently in use by criminal money launderers and tax evaders around the world.”

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GENERAL DATA PROTECTION REGULATION OPERATIONAL COMPLIANCE MODULE 3:

ABOUT:

ORGANISATIONAL READINESS FOR THE GDPR

The new General Data Protection Regulation (2016/679) (GDPR) represents one of the most significant changes in the existing data protection framework in place across the European Union (EU). Its territorial scope is extremely broad and so many companies based outside the EU that are processing personal data about individuals based in the EU will now need to comply with its provisions. The new and complex riskbased framework now imposes onerous accountability requirements on data controllers and data processors, and also brings in new types of data such as genetic, pseudonymous, and biometric data. It is imperative that firms not only clearly and comprehensively understand the new framework, but that they are also able to understand what changes they need to make internally in order to be GDPR compliant. This new one day In-House Training Course will expertly guide attendees through the legal, technological, and operational framework, as well as providing real and unique strategic perspectives. Attendees will also be guided through a range of data protection compliance technology tools and software, and will also learn about offerings from third party data service providers.

● Data Protection Officer Responsibilities and Data Privacy Impact Assessments. ● Supervision, Non-Compliance, Sanctions and Fines. ● Codes of Conduct, Data Protection Certification Mechanisms, Data Protection Seals and Marks, and Developing a Transparent and Robust Information Governance Framework; Transfers of Personal Data to Third Countries. ● GDPR Compliance Programmes, Internal Controller Effectiveness Verification, and Independent Expert Effectiveness Verification.

MODULE 4:

DATA PROTECTION COMPLIANCE TECHNOLOGY TOOLS AND SOFTWARE ● Overview of Key Requirements (Content Filtering; Stream-Based Protection; Bandwidth Optimization; Privacy-by-Design Requirements; Digitization Strategy). ● Security Architecture, Security Policy, Privileged Credentials, Digital Identities, Encryption, Scalable SSL Decryption with Micro-Segmentation. ● Test Data Management (People, Systems, and Technology), Copying, Masking. ● A Review of Select GDPR Software Technology Tools and Software: (1) Software AG; (2) Veritas; (3) CA Technologies; (4) Iboss Cybersecurity.

MODULE 1:

AN OVERVIEW OF THE NEW GENERAL DATA PROTECTION REGULATION (GDPR) FRAMEWORK An Overview of the new General Data Protection Regulation. ● A Summary of the Main Changes from the EU Data Protection Directive. ● Material and Territorial Scope; Extraterritorial Effect; Definitions; Genetic and Biometric Data; Pseudonymous Data; Exemptions (Entity, Activity), Derogations, Special Conditions, Restrictions. ● An Overview of Implementation Costs for average Small and Medium-Sized Enterprises (SMEs).

MODULE 2:

THE GDPR OPERATIONAL FRAMEWORK

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● Key Concepts in the GDPR Framework (Personal Data; Data Processing; Data Controllers; Data Processors; Data Transfers; Profiling and Automated Decision-Taking). ● Principles relating to the Processing of Personal Data and Lawfulness of Processing. ● Grounds for Processing Data and Data Rights (Rectification, Objection, Erasure, Subject Access, Data Security, Data Portability, Restriction of Processing, Profiling Rights). ● Legal Basis for Data Processing; Conditions for Consent, Legitimate Interest Legal Basis; Purpose Limitation Principle; Processing of Special Categories of Personal Data.

Firms need to be able to not only comprehensively understand GDPR requirements, but also to leverage GDPR from a strategic marketing perspective.”

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REVISED PAYMENT SERVICES DIRECTIVE (PSD2): REGULATION AND INNOVATION ABOUT:

There can be no doubt that the new Payment Services Directive (2015/2366/EU) (PSD2) is set to revolutionise banking services throughout the European Union (EU) and usher in a whole new host of unique and innovative payments systems and ideas. Given the sheer breadth of Payment Institutions affected by PSD2, the complexity of this new payments landscape should not be underestimated. Firms need to not only become PSD2 compliant, but without a shadow of a doubt they also need to arm themselves with strategic insights that will allow them to successfully navigate and thrive in this newly forecasted complexity of payments systems and institutions. This one day In-House Training Course seeks to provide firms with highly comprehensive yet logical guidance through the new PSD2 framework, in addition to presenting insights into new strategic regulatory challenges and opportunities which came into force on 13th of January 2018.

MODULE 1:

AN OVERVIEW OF THE PSD AND PSD2 OPERATIONAL FRAMEWORKS ● Overview of the Payment Services Directive (2007/64/ EC) (PSD), Harmonization and Integration of Retail Payments in the European Union (EU), Consumer Protection, Payment Efficiency, and Payment Chain Security Risks. ● Overview of the Revised Payment Services Directive (2015/2366/EU) (PSD2), Payment Services (Account Information Services (AIS), Payment Initiation Services (PIS), Payment Institutions (Banks, Building Societies, Money Remitters, E-Money Institutions, FinTech Platforms, Acquirer Payment Institutions, Non-Bank Credit Card Issuers and Merchant Acquirers).

MODULE 2:

UNDERSTANDING THE NEW PSD2 FINANCIAL LANDSCAPE

(Complaints Procedures, Dispute Resolution, Penalties, Surcharge Restrictions, Refund Rights, Liability for Unauthorised Transactions).

MODULE 3:

A REVIEW OF EBA REGULATORY TECHNICAL STANDARDS AND GUIDELINES ● Analysis of the European Banking Authority (EBA) Regulatory Technical Standards (RTS): (1) Strong Customer Authentication and Common and Secure Communication; and (2) Passport Notifications. ● Analysis of the EBA Guidelines: (1) Major Incidents Reporting; (2) Minimum Monetary Amount for Professional Indemnity Insurance; and (3) Authorisation and Registration. ● Overview of the Revised Payment Services Directive (2015/2366/EU) (PSD2), Payment Services (Account Information Services (AIS), Payment Initiation Services (PIS), Payment Institutions (Banks, Building Societies, Money Remitters, E-Money Institutions, FinTech Platforms, Acquirer Payment Institutions, Non-Bank Credit Card Issuers and Merchant Acquirers).

MODULE 4:

PSD2 STRATEGIC REGULATORY CHALLENGES AND OPPORTUNITIES ● PSD2 Strategic Regulatory Compliance (Third Party Providers (TPPs), Access to Accounts (XS2A), Open Application Programming Interfaces (APIs), and Open Banking Technical Standards). ● PSD2 Strategic Challenges and Opportunities for FinTech Firms, and a Review of Existing FinTech Firm Offerings (AccessPay, Adyen, AstroPay, Azimo, Currency Cloud, DoPay, Flypay, Droplet, Judo, GoCardless, Ixaris, Monese, MoneyMover, Osper, Mondo, Moni, Pockit, Revolut, SumUp, Yoyo).

● The PSD2 Operational Framework, the Single Euro Payments Area (SEPA), Payment Services Providers, and Exemptions (Commercial Agency, Limited Network, Digital Device, Automated Teller Machine (ATMs); ThirdParty Account Access, Account Information Aggregators, AIS Providers (AISPs), PIS Providers (PISPs), and Execution of Payment Transactions. ● PSD2 Security Framework (Data Protection, Operational Risks, Security Risks, Authentication, Fraud Controls, Incident Notification); Consumer Protection

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The new PSD2 framework is not only complex, but at the same time if understood strategically it represents one of the best ways for firms to be able to create long-term strategic competitive advantage.”

Bookings and Enquiries UK +44 (0)20 7846 0076

client.services@storm-7.com www.storm-7.com

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