Financial services
Banking, payments, fintech, wealth and asset management, insurance, capital markets and crypto assets.
Overview
Financial services is among the most heavily regulated sectors, with prudential, conduct, AML, sanctions, securities, privacy and cybersecurity obligations layered across federal, state, provincial and supranational authorities.
Key regulatory areas include prudential regulation, consumer protection, AML, sanctions, securities, privacy and cybersecurity.
Typical authorities and frameworks: Federal Reserve, OCC, FDIC, CFPB, SEC, CFTC, FinCEN, OFAC, OSFI, FCA, PRA, ECB, EBA, ESMA; Regulations B, C, E, DD, P, V, X and Z, UDAAP, BSA.
It includes Banking, Payments, Fintech, Wealth management, Insurance, Capital markets, Asset management and Crypto assets. Authorities in this glossary active in it include DOJ, FinCEN, OFAC, FINTRAC, FCA and DFSA.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
Regulators increasingly look at activities and outcomes in this space, so obligations follow the business model rather than the label.
Who it affects
Organisations operating in financial services, and the vendors who serve them.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Hierarchy
Connections
The terms most closely tied to Financial services. Select one to open it.
What to do about it
- 1List the activities you actually perform.
- 2Identify the authorities and licences those activities trigger.
- 3Scope your obligation library to the sector and its activities.
- 4Set up controls and evidence for the highest-risk obligations first.
From requirement to evidence.
Tag your organisation with this industry and Regulation Layer scopes the obligation library to it.
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