Exclusive: Mark Kelly Leaves Coinbase, Starts Regulatory Advisory Firm

Mark Kelly, a veteran in the financial industry, has taken on a new venture. In an exclusive, Kelly revealed to Finance Magnates, that he has left his position as Head of Compliance for Coinbase UK and has set up a consulting business.

The business is named Regulatory Advice Limited and capitalizes on Kelly’s three decades worth of experience in the London financial markets. The business, which he founded in October of 2019, provides an advisory service to those seeking support in understanding the regulatory landscape for crypto assets in the UK.

Furthermore, the company also leverages Kelly’s earlier experience, and help firms having to comply with the MiFIR and EMIR reporting regimes by providing practical and targeted advice, he told Finance Magnates.

Prior to his tenure at Coinbase UK, Kelly was well-known in the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) industry for being the director of Abide Financial, which is now CME Group Regulatory Reporting.

Kelly has a long and varied career, commencing in the 80s. Before he was at Coinbase UK, he also spent time at large investment banks, such as Lehman Brothers, Salomon Brothers, and Barclays Capital, where he held senior Compliance and Audit positions. In the consultancy space, he worked at Grant Thornton and Price Waterhouse.

Commenting on his new business, Kelly told Finance Magnates: "The take-up of advisory services in the month since starting the new business has shown the level of demand for micro consulting in these specialist areas."

“By micro consulting I mean the delivery of precise and actionable guidance at the moment it is needed, without the inefficiency and expense of a large traditional consulting assignment. Clients have been quick to subscribe to an on-call service for ad hoc advice by telephone and email."

Mark Kelly joins Cappitech Board of Advisors

Recently, Cappitech, which provides regulatory reporting and intelligence solutions, announced that Kelly had been appointed to its Board of Advisors, as part of his new venture with Regulatory Advice Limited.

Kelly expects to reveal further announcements in the coming weeks.

Mark Kelly will be a speaker at the upcoming Finance Magnates London Summit. On November 13, 2019, he will be speaking on the Cryptocurrency Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term: Regulatory Must-Knows topic, which will focus on cryptocurrency regulation.