From Lexology

Developments around the termination of LIBOR and its replacement benchmarks

As of January 2023, the publication of 27 of 35 LIBOR settings had ended. For the remaining eight LIBOR settings, (i) three synthetic GBP settings…

16 January 2023

UAE introduces federal level virtual asset regulation

UAE Cabinet Resolution 111 of 2022 introduces the UAE’s first federal level regulatory regime for the digital assets sector (the Regulatory Regime)…

16 January 2023

Travers Smith's Alternative Insights: UK red tape

The promise of a post-Brexit bonfire of UK regulation never seemed likely to live up to its hype. In politics, the reality rarely matches the…

13 January 2023

Crypto/AML Update: European Parliament to consider MiCA in April 2023

The European Parliament has confirmed its plans to consider the proposed regulation on markets in cryptoassets (MiCA) and the proposed…

13 January 2023

CFPB says exam manual and general supervisory findings are nonbinding

On January 9, the CFPB released a blog post, What new supervised institutions need to know about working with the CFPB, discussing what institutions…

13 January 2023

What’s coming in 2023 in Blockchain?, China to launch NFT marketplace, US Ruling finds crypto-assets held by Celsius to be property of the company, US$3.5B of FTX funds beached in Bahamas, Golfers swing onto the blockchain with Play Today

A lot has changed in 12 months in Blockchain, with 2022 starting on highs and ending on some of the lowest lows that have been seen in the 14 years…

13 January 2023

Operational Resilience in the UK Financial Sector: A new regime for critical third parties

The Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) (collectively the ‘supervisory authorities’)…

12 January 2023

New frontiers of English law: UKJT public consultation on the issuance and transfer of digital securities

Established in 2019 to support the development and transformation of the UK legal sector through technology, the United Kingdom Jurisdictional Task…

11 January 2023

Note to Lenders: CFPB Amends the Fair Debt Collection Practices Act

In 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a final rule (“Rule”) that amends Regulation F, 12 C.F.R. Part 1006, the Fair Debt…

09 January 2023

Hitting a Moving Target: Federal Banking Regulators’ Latest Commentary on Crypto-Asset Risks

On January 3, 2023, the US federal banking regulators released a statement highlighting key risks for banking organizations associated with…

06 January 2023

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