News & Analysis as of

Distributed Ledger Technology (DLT) Banking Sector

Wilson Sonsini Goodrich & Rosati

A Crypto-Friendly Pivot in Bank Supervision: Three Practical Action Items for Innovators

A federal banking agency, the Office of the Comptroller of the Currency (OCC), has smoothed the way for national banks and federal savings associations to engage in crypto-related activities with the issuance of Interpretive...more

Orrick, Herrington & Sutcliffe LLP

UK financial regulators issue new authority on securities “sandbox”

On April 3, the U.K.’s Financial Conduct Authority and the Bank of England released a consultation paper seeking comments on their proposal to implement the Digital Securities Sandbox (DSS), a new regime for financial firms...more

American Conference Institute (ACI)

[Event] 8th Forum on FinTech & Emerging Payment Systems - April 9th - 10th, New York, NY

ACI’s 8th Annual Legal, Regulatory, and Compliance Forum on Fintech & Emerging Payment Systems will provide in-depth guidance on the latest regulatory developments at the Federal and State Level that you need to be aware of....more

Sheppard Mullin Richter & Hampton LLP

Federal Reserve Issues Guidance on Supervision of “Novel Activities” by Banks, Impacts Bank-Fintech Partnerships

The Federal Reserve Board recently issued two Supervision and Regulation Letters that provide guidance on the agency’s supervision of novel activities and the process such as fintech partnerships, crypto-related activities,...more

Wilson Sonsini Goodrich & Rosati

Insights into Central Bank Payments Innovation: Tokenized Money, DLT-based Infrastructures, and Public-Private Sector...

The head of the Federal Reserve’s New York Innovation Center (NYIC), Per von Zelowitz, joined Wilson Sonsini partner Jess Cheng for a conversation on the central bank’s payments innovation initiatives regarding the future of...more

Troutman Pepper Locke

Troutman Pepper Weekly Consumer Financial Services Newsletter - May 2023 # 4

Troutman Pepper Locke on

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

Proskauer Rose LLP

Regulation Round Up - March 2023

Proskauer Rose LLP on

31 March - SFTR: The European Securities and Markets Authority (“ESMA”) published an updated version of its Q&As (ESMA74-362-893) on complying with reporting requirements under the Regulation on reporting and transparency...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Federal Reserve Weighs Risks and Benefits of a US Central Bank Digital Currency

This is the fourth in a series of articles in which we discuss recent efforts by regulators and other governmental bodies to set expectations and standards, or pursue governmental initiatives, with respect to cryptocurrencies...more

Skadden, Arps, Slate, Meagher & Flom LLP

Central Banks Consider Digital Currency Pros and Cons in US and Europe

Takeaways - The Bank for International Settlements and seven central banks are studying how to launch CBDCs and have flagged key issues that will need to be addressed, including interoperability and confidentiality. In...more

Hogan Lovells

Global Payments Newsletter, September 2021

Hogan Lovells on

Key developments of interest over the last month include: El Salvador: Bitcoin becomes legal tender European Union: European Commission proposes Path to the Digital Decade to deliver EU's digital transformation by 2030...more

Hogan Lovells

Securities and markets regulatory news, June 2021 #3

Hogan Lovells on

UK CCPs: BoE discussion paper on supervisory stress test framework The Bank of England (BoE) has published a discussion paper on supervisory stress testing of UK central counterparties (CCPs) and announced its first public...more

White & Case LLP

Complementary: Bitcoin trading requires complementary to a financial activity authority under the Bank Holding Company Act

White & Case LLP on

There has been recent speculation that banks are about to enter the cryptocurrency markets. This makes a lot of commercial sense: There clearly is customer demand for banks to offer services similar to those they offer for...more

Ballard Spahr LLP

The OCC Embraces Technology, Proposes Exemption to SAR Requirements and Announces Acceptance of Distributed Ledgers and...

Ballard Spahr LLP on

The Comptroller of the Currency (the “OCC”) has been busy, and focused on technology. We discuss two recent developments: proposed regulations that would allow the OCC to grant exemptions relating to Suspicious Acivity...more

Cooley LLP

Alert: Federal Reserve Shares Update on Central Bank Digital Currencies

Cooley LLP on

While participating in the Federal Reserve Bank of San Francisco’s innovation office hours on August 13, Federal Reserve Governor Lael Brainard reported on the Federal Reserve’s ongoing research and experimentation related to...more

Ballard Spahr LLP

OCC announces national banks and federal savings associations can provide custody services for crypto assets

Ballard Spahr LLP on

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide . . . cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys...more

Orrick - On the Chain

Blockchain in Banking: OCC Seeks Public Comment

Orrick - On the Chain on

For the first time in a dozen years, the Office of the Comptroller of the Currency (OCC) is seeking to update its regulations on digital activities to consider banks’ use of blockchain and distributed ledger technology (DLT),...more

Troutman Pepper Locke

Investment Management Roundtable Discussion – Internet 3.0: Decentralize Everything

Troutman Pepper Locke on

Gregory J. Nowak, a partner and practice leader for hedge funds in Pepper Hamilton’s Private Fund Services Practice Group, hosts a series of candid, interactive webinar discussions for West LegalEdcenter on what is going on...more

Katten Muchin Rosenman LLP

Financial Markets and Funds - A New Captain at the Helm: The CFTC’s 16-Month Regulatory and Enforcement Agenda Under Chairman...

Katten recently hosted the "CFTC Regulatory and Enforcement Agenda" webinar. Financial Markets and Funds partners Kevin Foley, Christian Kemnitz and Carl Kennedy, and special counsel Gary DeWaal, discussed the potential CFTC...more

K&L Gates LLP

Banks Invest in Developing a Digital Blockchain Settlement System

K&L Gates LLP on

Late last month, several of the world’s largest banks invested $50 million in a digital cash settlement project with the aim of developing a more efficient clearing and settlement system. ...more

Katten Muchin Rosenman LLP

Bridging the Week - May 2019

The New York Department of Financial Services was told by a federal court in New York that it could proceed with its lawsuit challenging plans of the Office of the Comptroller of the Currency to accept and consider...more

Jones Day

Jones Day Presents: Advantages of Blockchain in Trade Finance

Jones Day on

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

White & Case LLP

AML Information Sharing in a Technology-Enabled and Privacy-Conscious World

White & Case LLP on

Financial firms play an integral role in preventing, identifying, investigating and reporting criminal activity, including terrorist financing, money laundering, and many other finance-related crimes. It is a critical role...more

Beacon Insights by JD Supra

The Year in FinTech - Popular Reads in 2018

A recap of some of the most popular posts on FinTech and related matters published on JD Supra in 2018....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - Recap of the Top Read Blog Posts in 2018

Robinson & Cole LLP on

New Year’s is a time to look back on the happenings of the year and focus on the lessons and reminders those events have provided. For our final newsletter of the year, we’d like to share with you our top 10 most read posts...more

A&O Shearman

European Parliament Adopts Resolution on Distributed Ledger Technologies

A&O Shearman on

The European Parliament has adopted a non-legislative resolution entitled "distributed ledger technologies and blockchains: building trust with disintermediation." Of particular relevance to the financial services sector, the...more

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