Focus Insight
Singapore: MAS proposes new regulation for Singapore persons performing digital token services outside Singapore
The Monetary Authority of Singapore (MAS) proposes a new Omnibus Act1 (New Act), which will contain a new regulatory framework for Singapore…
12 August 2020
AML - are lessons being learnt?
HM Treasury's annual AML and CFT supervision report - which concerns, amongst other things, the FCA's supervision and enforcement of the Money…
11 August 2020
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
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