News & Analysis as of September 21, 2024

European Union › FINMA

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Brexit: Recognition of UK Derivatives Regulation

Akin Gump Strauss Hauer & Feld LLP on 4/18/2019

• Under Swiss law, to fulfil the clearing, reporting and risk mitigation obligations applying to derivatives trading under foreign law, the Swiss Financial Market Supervisory Authority (FINMA) must recognize the foreign law...more

Update on the Status of Initial Coin Offerings in Europe

White & Case LLP on 2/1/2019

With crypto-currencies on the rise and technological developments providing great opportunities in the financial services sector, Initial Coin Offerings ("ICO") provide an innovative way of raising capital. They are...more

Blockchain Week in Review - December 2018

Perkins Coie on 12/13/2018

U.S. Developments - SEC Remarks on International Virtual Currency Enforcement - On December 5, 2018, Steven Peikin, Co-Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (“SEC”), gave a...more

EU Supervisory Authority Reports on ICO and Crypto-Asset Risks and Potential Regulation

A&O Shearman on 11/1/2018

The European Securities and Markets Authority has published an own-initiative report prepared by its Securities and Markets Stakeholder Group. The purpose of the report is to provide advice to ESMA on steps it might take to...more

ICOs and Token Regulation from a German Perspective

Jones Day on 10/5/2018

The Situation: In February 2018, Germany's Federal Financial Supervisory Authority ("BaFin") published an advisory letter on the classification of tokens as financial instruments, which was widely criticized for being too...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 2/23/2018

US CFTC and UK FCA Sign Arrangement to Collaborate on FinTech Innovation - On February 19, The US Commodity Futures Trading Commission ("CFTC") and the UK's Financial Conduct Authority ("FCA") signed an arrangement that...more

Serious Fraud Office Closes Forex Investigation

K&L Gates LLP on 5/3/2016

The Serious Fraud Office (SFO) recently announced that it had closed its criminal investigation into allegations of fraudulent conduct in the foreign exchange (FX) market. The SFO began its investigation in July 2014...more

Simplified Authorization Procedure for Cross-Border Marketing of Swiss Securities Funds and German UCITS

Dechert LLP on 3/28/2014

At the beginning of this year – to the (pleasant) surprise of market participants – an agreement came into force to implement a simplification in the marketing of Swiss securities funds (Effektenfonds) in Germany, and German...more

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European Union › FINMA

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