Elizabeth Lumley

London

Journalist at Freelance

I don't really live here anymore.

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Articles

Point-of-need financial services boosting growth for SMEs

1 week ago | compliancecorylated.com | Elizabeth Lumley

Embedded finance — the process of integrating financial services into non-financial processes — is helping small and medium-sized enterprises (SMEs) to grow through improving their customer experience and delivering payment, insurance and banking services at the point-of-need. It first rose to prominence with the rise of digital payments, regulatory changes such as Open Banking, and consumer demand for more seamless experiences.
No payment left behind

1 week ago | compliancecorylated.com | Elizabeth Lumley

Small and medium-sized enterprises (SMEs) and individuals currently bear the brunt of problems around cross-border transactions so global cooperation, including on regulation, will be vital if efforts to remove fragmentation, speed up transaction times and widen e-commerce opportunities are to succeed.
SEC crypto roundtable debates tailored versus traditional regulatory approach

3 weeks ago | compliancecorylated.com | Elizabeth Lumley

Crypto industry leaders and US Securities and Exchange Commission (SEC) top brass debated the use of traditional methods for protecting investors with emerging innovation in digital asset trading versus a tailored regulatory approach for crypto.
Interpol issues second-ever silver notice for UK crime agency to trace £8.5m in laundered assets

4 weeks ago | compliancecorylated.com | Niece Prayoonrat |Elizabeth Lumley |Rachel Wolcott

The International Criminal Police Organization (Interpol) issued its second-ever silver notice on behalf of the UK on April 11. This will allow the UK National Crime Agency (NCA) to obtain information from overseas in its efforts to track down more than £8.5 million of assets laundered by a London-based fraudster. Interpol notices are part of its cross-border alert system for law enforcement agencies to share information on wanted persons.
Fresh call for investment consultants to be fully regulated, UKSIF report

1 month ago | compliancecorylated.com | Niece Prayoonrat |Elizabeth Lumley

Investment consultants should be fully regulated by the Financial Conduct Authority (FCA), said the UK Sustainable Investment and Finance Association (UKSIF) in a report published on April 10. Some consultantsʼ activities — including advice to pension funds on specific products and services — are already regulated but key activities, including high-level strategic asset allocation and the selection of fund managers, are not.
Preparing for the rise of super wallets

1 month ago | compliancecorylated.com | Elizabeth Lumley

The financial services industry is readying to embrace the advent of ‘super wallets’, which extend mobile payment services beyond being a proxy for cash. Over the past two decades, various mobile wallets have emerged — outside the global regulated financial system — that offer consumers an easier way to buy goods online or in person. These range from merchants, such as Starbucks, to big tech companies like Apple and Google.
Inaugural crypto roundtable in SEC’s search for regulatory approach

1 month ago | compliancecorylated.com | Elizabeth Lumley

The US Securities and Exchange Commission’s (SEC) Crypto Task Force kicked off a series of roundtables this month, designed to devise a regulatory approach to crypto asset activities. The first event on March 21, attended by securities law experts, was entitled “How we got here and how we get out — Defining security status”.
UK digital assets regulation progress too slow — stablecoin issuers - Compliance Corylated

1 month ago | compliancecorylated.com | Elizabeth Lumley

The slow pace and changing nature of the UK Financial Conduct Authority’s (FCA) digital asset regulatory roadmap attracted almost universal criticism at a recent industry conference in London. Attendees at the Stablecoin Symposium were equally frustrated by the European Union’s Markets in Crypto-Assets regulation (MiCA) — deeming it “a mess” — as well as global regulators’ focus on the “singleness of money” idea.
SEC hits pause on proposed investment fund and adviser rules

1 month ago | compliancecorylated.com | Niece Prayoonrat |Rachel Wolcott |Richard Satran |Elizabeth Lumley

Acting US Securities and Exchange Commission (SEC) chairman Mark Uyeda has hit pause on proposed rules covering safeguarding of advisory client assets and outsourcing by investment advisers. The SEC may re-propose aspects of the recently adopted Form N-PORT, he said in a speech at the 2025 Investment Management Conference on March 17. Uyeda called for a back-to-basics approach to SEC rulemaking which would give ample time to solicit industry feedback and weigh the cost of any new rule.
States step up as Trump’s US financial regulators step down

1 month ago | compliancecorylated.com | Richard Satran |Rachel Wolcott |Niece Prayoonrat |Elizabeth Lumley

State attorneys general have emerged as one of the biggest checks on presidential power after winning a series of US court rulings challenging Donald Trumpʼs executive orders. Financial firms who were expecting an easier time from the new administration instead face more forceful regulators in all 50 states.