About this Course
Being a profitable FinTech agency requires extra than simply nice expertise; it additionally requires an understanding of the legal guidelines and laws relevant to your small business. This course will offer you that understanding. You’ll be taught in regards to the important authorized, regulatory, and coverage points related to cryptocurrencies, preliminary coin choices, on-line lending, new funds and wealth administration applied sciences, and monetary account aggregators. As well as, you’ll find out how regulatory businesses within the U.S. are frequently adjusting to the emergence of recent monetary applied sciences and the way one particular company has proposed a path for FinTech companies to turn out to be regulated banks. Additionally, you will be taught the fundamentals of how banks are regulated within the U.S.
If you’re unfamiliar with how these new monetary applied sciences work, worry not. We’ll start every new course part with a high-level overview of the underlying expertise. Whereas the course is principally targeted on the U.S. FinTech business, we can not probably cowl each related authorized and regulatory difficulty. Due to this fact, this course shouldn’t be construed as authorized recommendation. Fairly, the purpose of the course is to familiarize you with the important thing authorized and regulatory challenges FinTech companies in numerous sectors face, in addition to the important coverage debates which might be occurring in Washington D.C. and state capitals throughout the nation.
Syllabus – What you’ll be taught from this course
WEEK
1
19 minutes to finish
Welcome to FinTech Legislation and Coverage
On this course, you’ll be taught in regards to the important authorized, regulatory, and coverage points related to cryptocurrencies, preliminary coin choices, on-line lending, new funds and wealth administration applied sciences, and monetary account aggregators. As well as, you’ll find out how regulatory businesses within the U.S. are frequently adjusting to the emergence of recent monetary applied sciences and the way one particular company, the Workplace of the Comptroller of the Forex, has proposed a path for FinTech companies to turn out to be regulated banks.
2 hours to finish
The Evolving Relationship Between FinTechs, Regulators, and Conventional Monetary Establishments
This module begins with a preview of the important thing regulatory challenges dealing with FinTech companies and gives a number of examples of what can occur when FinTech companies fail to adjust to relevant legal guidelines and laws. We then have a look at how the FinTech business has developed post-2008 – from a disrupt mentality to considered one of “strategic partnership” – together with corresponding FinTech business funding tendencies. Subsequent, we study the challenges regulators face in responding to new FinTech developments and element how a number of U.S. regulatory businesses have adjusted to this point. We conclude this module by exploring one particular regulatory method, often known as a “sandbox,” that has been deployed in different international locations and in a single U.S. state.
WEEK
2
2 hours to finish
Cryptocurrency and Preliminary Coin Choices
This module first gives an summary of cryptocurrencies and distributed ledger expertise, after which examines how cryptocurrency is regulated by numerous state and federal businesses. Additionally, you will find out how cryptocurrency is regulated as: cash, a commodity, and property. The module concludes with an examination of preliminary coin choices and their regulatory remedy.
WEEK
3
2 hours to finish
FinTech Lending
This module will introduce you to the varied kinds of FinTech lending fashions and the regulatory remedy of those lenders. You’ll be taught what number of FinTech lenders are partnering with regulated banks to get across the state-by-state restrictions that apply to non-bank lenders.
WEEK
4
1 hour to finish
Banking Regulation within the U.S.
Many FinTech companies are excited by turning into regulated banks. This module will educate you in regards to the strategy of turning into a financial institution and the federal government businesses liable for regulating banks within the U.S. We’ll have a look at the Workplace of the Comptroller of the Forex’s proposal to grant a brand new kind of financial institution constitution particularly for FinTech companies and the choices presently obtainable to FinTech companies that want to turn out to be a financial institution.
