CFTC Commissioner asserts that Decentralized Finance ("DeFi") likely violates the Commodity Exchange Act ("CEA") and that the regulator should respond accordingly.
DeFi is an umbrella term encompassing a range of...more
The last five years have seen a substantial increase in the number and variety of regulated firms operating in the United Kingdom, with the development in particular of financial services provided by new technology firms,...more
The proposed powers for the Financial Conduct Authority ("FCA") to manage the London Interbank Offered Rate ("LIBOR") transition should address so-called "tough legacy" contracts involving UK participants but could also have...more
The Situation: The Financial Conduct Authority ("FCA") is extending the Senior Managers and Certification Regime ("SMCR") to FCA solo-regulated firms on 9 December 2019 and has also released a number of statements in relation...more
The Situation: The International Swaps and Derivatives Association ("ISDA") is in the midst of consulting the market on a wide variety of issues to develop "triggers" and "fallbacks" related to LIBOR cessation. Thus far,...more
Harriet Territt talks about the advantages of using blockchain in sectors and transactions where security, transparency, and traceability are important. She explains why blockchain is particularly valuable in trade finance,...more
3/26/2019
/ Analytics ,
Banking Sector ,
Blockchain ,
Distributed Ledger Technology (DLT) ,
Financial Services Industry ,
Forgery ,
Goods or Services ,
Popular ,
Retail Tracking ,
Smart Contracts ,
Suppliers ,
Transparency
Partner Harriet Territt discusses how technologies such as blockchain and digital currencies have outpaced regulators and the steps various governmental agencies are taking to address regulatory issues....more
2/6/2019
/ Anti-Money Laundering ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
Financial Services Industry ,
Government Agencies ,
Popular ,
Regulatory Agenda ,
Regulatory Oversight ,
Technology Sector ,
Virtual Currency
The Situation: The UK Financial Conduct Authority has released a statement on initial coin offerings. It focuses the circumstances in which an ICO might fall within the scope of the FCA's current regulatory boundaries as well...more