Category Archives: Uncategorized

Taking Stock of the Regulatory Sandbox

The concept of the regulatory sandbox (“Sandbox”) was first introduced over 4 years ago by the UK Financial Conduct Authority (“FCA”) to offer: “a safe space in which businesses can test innovative products, services, business models and delivery mechanisms without immediately incurring all the normal regulatory consequences of pilot activities.”…

READ MORE

Leave a comment  

Using Blockchain to Solve Regulatory and Compliance Requirements

Distributed ledger technologies have the potential to change the current financial system, whether in terms of reduced costs, greater reliability or more transparency. To create a successful ecosystem, it is necessary to have, or have access to, the right ingredients for success. These includes: suitable user cases, the talent to…

READ MORE

Leave a comment  

Regulatory Sandboxes Come in all Shapes and Sizes

The digital wave is hitting the financial service industry at an extraordinary rate creating opportunities but also challenges for the financial services ecosystem. Consumers have higher expectations and want better access, transparency and delivery options. New technologies such as blockchain are unravelling traditional workflows and have the potential to represent…

READ MORE

Leave a comment  

Off the Hook or Time to Prepare? Canada’s Derivative Clearing Rules Close to Final

In February, the Canadian Securities Administrators (CSA) published a revision to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (proposed clearing rule) for a 90-day comment period. This proposed clearing rule sets out when certain over-the counter (OTC) derivatives are required to be cleared through a recognized or exempt…

READ MORE

Leave a comment  

Best Execution in an Increasingly Complex Market

Several regulators around the world are revisiting their rules and guidelines for Best Execution. This white paper is intended to provide an overview of best execution in Canada and other jurisdictions, and the ways in which best execution is evolving as the Canadian markets continue to grow in complexity. It…

READ MORE

Leave a comment  

About The Author

Donna Bales
is a product development professional with a proven track record of managing complex capital market industry initiatives during times of significant market change and market structure reform. Donna is the founder and managing director of Balmoral Advisory, a boutique advisory firm that works with exchanges, regulators, technology firms, market participants and market data vendors to identify and evaluate business opportunities, understand and respond to changing industry/market dynamics and develop and implement strategies and solutions that make sense now and in the future. In addition she acts as a strategic advisor to an international consultancy firm, CollegeHill Asia and sits on the Board of 3Q Innovation, a non-profit focused on retaining and replacement of older workers who face protracted unemployment. Originally from Canada, Donna holds a bachelor degree in Economics from the University of Western Ontario.