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Of Counsel Simon Dodds has written an article for Global Banking & Finance Review about the legal and compliance challenges for startups in the financial services sector. Most FinTechs will need to engage with the regulatory system. To do so effectively, startups must: understand the impact of regulation on their business; develop an approach for engaging with regulators; establish legal and compliance functions that define and implement a controls framework that meets regulatory requirements; and implement a governance structure to ensure effective senior management oversight of regulatory compliance.
For more information on our FinTech practice, please visit our dedicated FinTech microsite.