Focus Insight

ECB head warns of stablecoins risks

Christine Lagarde, the President of the European Central Bank (ECB), has said that stablecoins will be beneficial only if the risks associated with…

23 December 2019

European Commission consults on regulatory framework for cryptoassets

On 19 December 2019, the European Commission (the Commission) published a consultation document seeking views on the EU regulatory framework for…

23 December 2019

CFTC Proposes Cross-Border Swap Dealer Rules; Chairman Cites Kant in Support and Commissioner Berkovitz References Seinfeld in Opposition

The Commodity Futures Trading Commission and the Securities and Exchange Commission both addressed cross-border swap activity last week. The CFTC…

22 December 2019

Saudi Arabian Monetary Authority Publishes Draft Payment Services Regulation

SAMA will soon regulate payment services that have so far remained unregulated. Both local and offshore payment service providers will likely need to…

22 December 2019

How to challenge the ECB: Lessons from first EU court cases on the SSM

The Single Supervisory Mechanism (SSM) refers to the system of Banking Supervision in Europe that comprises the European Central Bank (ECB) and the…

20 December 2019

Switzerland proposes key amendments to laws on blockchain and DLT technology

The Swiss legislation initiative to accommodate blockchain and distributed ledger technology (DLT) is well underway. After the consultation phase…

20 December 2019

EU Expert Group on Regulatory Obstacles to Financial Innovation Publishes Recommendations on Regulatory Framework for FinTech

The EU Expert Group on Regulatory Obstacles to Financial Innovation (or ROFIEG) has published a set of Recommendations and a Q&A on the establishment…

13 December 2019

New financial service and financial institution regulations

The Federal Council recently decided to put the Swiss Financial Services Act (FinSA) and the Swiss Financial Institutions Act…

29 November 2019

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