From Lexology

Regulation of virtual assets may soon become reality in Ukraine

The rights and obligations of virtual asset market participants, as well as the principles of state policy for virtual assets circulation recently…

27 October 2021

How long will the Swedish green bonds market remain self-regulated?

"Green bonds" are any type of bond instrument where the proceeds or an equivalent amount will be exclusively applied to finance or re-finance, in part or in full, new and/or existing eligible green projects. Sweden is far ahead in the development of green bonds and, in 2019, green bonds constituted 20% of the country's total amount of bonds. Despite the recent development and increase of regulation within sustainable finance, as yet there is no regulation of green bonds in Sweden.

26 October 2021

Nigeria: CBN issues exposure draft of risk-based cybersecurity framework and guidelines for OFIs

The Central Bank of Nigeria has issued an exposure draft of the risk-based cybersecurity framework guidelines for other financial institutions (OFIs) in Nigeria. These draft guidelines outline the minimum requirements that OFIs are required to observe in developing and implementing strategies, policies, procedures and related activities aimed at mitigating the risks of cyber threats and attacks.

26 October 2021

Final report of the Select Committee on Australia as a Technology and Financial Centre: No more ‘light touch’ regime but an opportunity missed

The Senate Select Committee on Australia as a Technology and Financial Centre produced its Final Report on 20 October 2021 which supplements its…

25 October 2021

Sanctions compliance for the crypto world

Increased use of virtual currency as a payment method brings greater exposure to sanctions risks, whether in respect of UN and trade sanctions or…

20 October 2021

Coinbase proposes regulatory framework for digital assets

Coinbase's proposal is one of a number of approaches to digital asset regulation intended to address the exponential growth in the digital asset…

15 October 2021

Is crypto a risk to financial stability?

Do cryptoassets pose a risk to the stability of the UK's financial system? In a speech published on 13 October, Sir Jon Cunliffe, Deputy Governor for…

14 October 2021

Can regulatory recognition arrangements help the UK financial services industry?

Two recent papers from industry bodies have pressed the case for regulatory recognition arrangements to ease regulatory burdens. TheCityUK (TCUK) has…

13 October 2021

The continuity of Bank Indonesia’s regulatory blueprint on payment system

In July 2021, Bank Indonesia enacted two new regulations: Bank Indonesia Regulation No. 23/6/PBI/2021 on Payment System Providers (“PJP Regulation”)…

11 October 2021

Bank of Lao PDR issues instruction on converting foreign exchange stores into commercial bank representatives

On 2 August 2021, the Monetary Policy Department, Bank of Lao PDR ("BOL") issued Instruction No. 878/MPD on the Transferring Foreign Exchange Stores…

08 October 2021

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