Focus Insight

OCC leans forward on fintech and digital assets

As regulators from across the US government continue to grapple with the rapid expansion of financial technology (FinTech) and digital assets, the…

10 August 2020

Wirecard - has the German financial regulator lost its immunity?

Valued at over €20 billion less than 2 years ago, the financial technology group’s share price plummeted by a dramatic 95% in a matter of days in…

07 August 2020

LIBOR Transition: Preparing for the End of LIBOR

For the past several years, loan market participants have been well aware of the anticipated phase-out of the London Interbank Offered Rate (“LIBOR”)…

06 August 2020

NYDFS counters OCC’s arguments in fintech charter challenge appeal

On July 23, NYDFS filed its opening brief in the appeal of its challenge to the OCC’s decision to allow non-depository fintech companies to apply for…

05 August 2020

Hong Kong Monetary Authority consults on proposed code to enhance regulation and supervision of trust business in banking sector

The Hong Kong Monetary Authority (HKMA) recently launched a consultation on proposals to enhance the regulation and supervision of trust business in…

04 August 2020

New regulations enable BVI companies to trial innovative fintech products

The British Virgin Islands recently introduced new regulations relating to products and services in the innovative fintech space, reaffirming its…

31 July 2020

Proposed amendments to the European Benchmark Regulation address “tough legacy” IBOR Contracts

The European Commission has today published a draft regulation to amend the Benchmark Regulation (“BMR”), in respect of (i) the exemption of certain…

24 July 2020

Government consultation on broadening the regulation of cryptoassets

On 20 July 2020, HM Treasury released a consultation paper regarding cryptoasset promotions (the "Consultation"). In this alert, we briefly review the…

22 July 2020

A single financial services regulator for the UAE

The UAE has announced that the regulation of the financial services sector will be undertaken by one unified regulator, and that the two existing…

15 July 2020

FATF report to the G20 on stablecoins

Stablecoins have attracted much regulatory attention lately. The G7 working group on stablecoins, the International Organization of Securities…

14 July 2020

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