UK stablecoins regulatory regime: FCA and Bank of England publish proposals
Following HM Treasury’s October 2023 policy update on plans for regulating stablecoins, the Bank of England (Bank) and the Financial...
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CFPB previews consumer data portability rule meant to accelerate US open banking adoption
On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued an advance notice of proposed rulemaking (ANPR) with respect...
Cyber_Bytes – Issue 58 – Lexology
Welcome to Cyber_Bytes, our regular round-up of key developments in cyber, tech and evolving risks. Changes to the One-Stop-Shop In...
Back to the Future: CFTC Proposes to Amend Customer Funds Investment Rule Including to Again Permit Investments in Certain Non-US Sovereign Debt
The Commodity Futures Trading Commission (CFTC) has proposed to lessen a blanket restriction on the investment of customer funds in...
Central Bank consults on ELTIF 2.0
Background ELTIFs are EU alternative investment funds, managed by alternative investment fund managers, that invest in long-term investments, such as...
Q&A: key requirements for a real estate investment trust in USA.
Key regulatory requirementsSources of incomeWhat are the basic source-of-income requirements for a REIT?An entity must satisfy two gross income tests...
Blockchain Bites: A Tokenised Future for Australia’s Financial System? Seize and burn? UK to “destroy” illicit crypto, Running drills: Preparing for a blockchain hack, California passes crypto bill; Governor calls for consultation, Korea’s CBDC pilot eyes digital future
A Tokenised Future for Australia’s Financial System? At last week’s AFR Crypto Summit, Assistant Governor (Financial System) of the Reserve...
What is the impact of the recast EU Transfer of Funds Regulation on crypto-assets transfers?
The recast regulation extends the application of the Travel Rule to transfers of crypto-assets in a significant step in the...
Greenwashing: EU’s latest legislative initiative steps up scrutiny of ‘green’ claims
New rules will focus on avoiding misleading ads and information about a business's environmental credentials and goals While there is...
The UK’s Chief Banking Regulator Talks About Lessons Learnt About Managing Bank Failures
In a speech published on 16 October, Sam Woods the Deputy Governor for Prudential Regulation and CEO of the Prudential...
