By @SimonCocking, review of A Guide to Financial Regulation for Fintech Entrepreneurs by Stefan Loesch. 

A Guide to Financial Regulation for Fintech Entrepreneurs by Stefan Loesch, clearly explains the purpose and structure of the regulatory environment, and provides readers with frameworks that enable them to develop an effective regulatory strategy.

Fintech 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. 

In the first part of the book, Loesch covers why financial services regulation exists, what its goals are and how Fintech executives can use this regulation to gain a strategic advantage for their companies.

The second part provides a more detailed map of the key regulations that Fintech companies have to follow – identifying the most relevant ones and then distilling down the thousands of pages of prose from regulatory texts to enable readers to quickly identify the areas which matter to them.

Operating in a highly regulated environment is not all bad – companies that can play the regulatory game well have a strategic advantage. Written for professionals, this easy-to-read introduction to financial services and its regulation is for anyone involved in formulating or executing a Fintech start-up strategy or whose job touches financial services regulation.

By night this could be a cure for insomniacs, by day this is a good book if you are a looking to launch a fintech startup. The book is laid out well, and attempts to be comprehensive, and yet concise. This is of course a tough path to follow, and at several points the author points out that he has had to make decisions about what content to leave in, and which to take out. This also covered the issue of which jurisdictions to cover, and which not to. There are some good sections on regulators, and what they should and should not cover. In reviewing this book, and noting the author’s comments about what to include, it did raise the question of whether a book is the best way to address this sort of information and data. Everything, in many areas of financial regulation is changing quickly so an online resource might be a better way to offer the most up to date information on a subject like this.

There is also no mention of cryptocurrency related areas. This can not be an oversight as the author is involved in blockchain technologies himself. It is perhaps illustrative of why it can be hard to capture everything in a print format. We are big fans of the value of hardcopy books, but this whole domain is perhaps a good example of an area that could be better served in a digital format.


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