Beruflich Dokumente
Kultur Dokumente
Mexico City
Bitcoin
Regulation & Compliance
Around the World
@JuanLlanos
Agenda
1.
2.
3.
4.
Regulation today
Compliance
Enforcement
Regulation tomorrow
Agenda
1. Regulation today
2. Compliance
3. Enforcement
4. Regulation tomorrow
VALUE
PROPERTY
POWER
NEGLIGENCE
IMPRUDENCE
MALPRACTICE
ABUSE
2015 Juan Llanos
Agenda
1.
2.
3.
4.
Regulation today
Compliance
Enforcement
Regulation tomorrow
R E G I S T R AT I O N
LICENSING
ACTIVITY-BASED
CUSTOMER JURISDICTION
FORM
S U B S TA N C E
1
2
2015 Juan Llanos
substance
Letter-spirit continuum focus on spirit (underlying purpose
Form-substance continuum
T h e Va l u e o f a N e c e s s a r y E v i l
C O M P E T I T I V E A DVA N TAG E e x c e p t i o n a l
compliance attracts favorable reviews from
regulators and bankers.
R E P U TAT I O N h i g h c o m p l i a n c e a n d i n t e r n a l
controls standards raise the eligibility of the
company for partnerships
S H A R E H O L D E R VA LU E a s p o t l e s s
Agenda
1.
2.
3.
4.
Regulation today
Compliance
Enforcement
Regulation tomorrow
Agenda
1.
2.
3.
4.
Regulation today
Compliance
Enforcement
Regulation tomorrow
RETHINK
REDEFINE
REINVENT
2015 Juan Llanos
identity
money
sovereignty
property
PA R A D I G M S
questioned
security
governance
law
regulation
2015 Juan Llanos
TODAY
AML/CFT
TOMORROW
TODAY
IDENTITY
TOMORROW
P R I VA C Y
TODAY
TOMORROW
SECURITY
TODAY
TOMORROW
Algorithmic Regulation*
A successful algorithmic regulation system has the following characteristics:
1.Desired outcome
2.Real-time measurement
3.Adaptive algorithms
4.Deeper analysis
* Tim OReilly, Open Data & Algorithmic Regulation (in Beyond Transparency)
INNOVATE
IMPLEMENT
INFLUENCE
2015 Juan Llanos
Proof that I n f l u e n c e Wo r k s
Non-Bank Financial Institutions, including telcos, are obtaining
favorable regulatory treatment world-wide and competing head
on with established depositaries.
Hugo Cuevas-Mohr
Responsible
Evolution
INNOVATE
& Reinvent the World
IMPLEMENT
INFLUENCE
Mandatory Rules
Public Policy
Thank You
@JuanLlanos