From Lexology

Under the Fed’s Tiered System, Requests for Master Account Access by Cryptocurrency Companies Will Be Subject to the Strictest Scrutiny

On August 15, the Federal Reserve Board (Fed) issued final guidelines, outlining the tiered approach it will use when evaluating the growing requests…

19 August 2022

OJK Tightens Supervision in New Peer-toPeer Lending Regulation

Last month, Indonesia's Financial Services Authority or OJK (Otoritas Jasa Keuangan) introduced a new regulation on peer-to-peer or P2P lending…

18 August 2022

Digital Banking Regulation goes into effect in Turkey

According to the Regulation, unless otherwise stated in the Regulation or relevant secondary legislation, digital banks can perform all the…

17 August 2022

Northern District Of California dismisses putative class action suit against financial technology company that underscores the challenges plaintiffs face when predicating securities claims on the disclosure of a regulatory investigation

On August 8, 2022, Judge Charles R. Breyer of the United States District Court for the Northern District of California granted a motion to dismiss a…

16 August 2022

FCA future gazing

On 14 July FCA CEO Nikhil Rathi gave a speech at the Peterson Institute for International Economics, setting out a helpful overview of the FCA’s…

12 August 2022

OFAC Sanctions Decentralized Virtual Currency Mixer

The US Treasury opens a Pandora’s box of legal issues as it targets a decentralized finance protocol used for both licit and illicit means…

12 August 2022

EBA Consults on Homogeneity Regulatory Technical Standards for STS Securitisations

The European Banking Authority (the EBA) recently published a consultation paper with proposed amendments to the Regulatory Technical Standards (RTS)…

12 August 2022

FCA Finalizes Changes to the UK’s Appointed Representatives Regime

An appointed representative (“AR”) is a firm or person who carries on a regulated activity, or activities, under the responsibility of an authorized…

11 August 2022

An Interview with Wilmer Cutler Pickering Hale and Dorr LLP discussing privacy and cybersecurity in the United States

There is a growing trend toward more proscriptive cybersecurity requirements in economic sectors perceived as playing a critical role in the US…

08 August 2022

An interview with Simmons & Simmons discussing privacy & cybersecurity in China

There have been significant developments in China regarding cybersecurity, protection of personal data and privacy in general in recent years. China…

08 August 2022

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