News & Analysis as of

Distributed Ledger Technology (DLT) FinTech United Kingdom

A&O Shearman

Preliminary market engagement exercise for the UK digital gilt instrument pilot

A&O Shearman on

The UK Chancellor of the Exchequer has announced details of the launch of the procurement process for the pilot digital gilt instrument (DIGIT) issuance. The pilot aims to: (i) enable the government to explore how distributed...more

Hogan Lovells

The digitalisation of UK capital markets: Digitalised financial market infrastructure and tokenised bonds

Hogan Lovells on

Digitalisation and the application of key technologies, such as distributed ledger technology (DLT), are reshaping the landscape of global finance. In this report, TheCityUK has collaborated with Hogan Lovells to consider the...more

Hogan Lovells

Comparative Guide: DLT and Innovations in Wholesale Settlement in Central Bank Money (UK)

Hogan Lovells on

In our previous Comparative Guide, we explored innovations in private forms of digital money and money-like instruments available to retail customers, including fiatreferencing stablecoins, e-money and tokenised deposits. As...more

Hogan Lovells

UK Mansion House speech and the National Payments Vision - what this means for digital assets and tokenization

Hogan Lovells on

The Chancellor of the Exchequer’s Mansion House speech on 14 November 2024 and the National Payments Vision—published on the same day—set out key policy initiatives regarding the future of the UK financial services sector....more

Skadden, Arps, Slate, Meagher & Flom LLP

Bank of England Seeks Innovation in Money and Payments, With a Focus on Distributed Ledger Technology

On 30 July 2024, the Bank of England published a discussion paper on its approach to innovation in money and payments (the Discussion Paper). A recurring theme is the Bank of England’s focus on the potential use of...more

Hogan Lovells

Global Payments Newsletter, April 2022

Hogan Lovells on

Key developments of interest over the last month include: HM Treasury announces package of crypto measures including next steps on UK regulatory approach to cryptoassets, stablecoins and DLT in financial markets; Philippines...more

Cohen & Gresser LLP

Post-Brexit UK: Open for (Crypto) Business?

Cohen & Gresser LLP on

The UK’s HM Treasury published its response to last year’s consultation on the UK regulatory approach to cryptoassets, stablecoins, and distributed ledger technology (“DLT”) in financial markets on the 4th of April 2022. ...more

A&O Shearman

UK Court Grants Asset Preservation Order over Bitcoin

A&O Shearman on

A U.K. court has granted an asset preservation order over Bitcoin stolen in a "spear phishing" attack on a major crypto-currency trader. The decision confirms that proprietary claims over Bitcoin constitute serious issues...more

Morgan Lewis

Recent Developments in the Regulatory Treatment of Cryptoassets in the United Kingdom and United States

Morgan Lewis on

Regulators on both sides of the Atlantic continue to monitor and address cryptoasset and distributed ledger technology activities. We recently posted on the guidance issued by the US Financial Crimes Enforcement Network on...more

White & Case LLP

Financial Regulatory Observer – March 2019: FRO in-depth: The future of cryptoassets regulation

White & Case LLP on

Partners Julia Smithers Excell and Stuart Willey, and associate Laura Kitchen of global law firm White & Case take a deep dive on the latest publications from EU and UK regulators aimed at providing supervisory clarity on the...more

Perkins Coie

Blockchain Week in Review - September 2018 #3

Perkins Coie on

Hester Peirce Remarks at Cato Institute Conference - Hester Peirce made remarks at the Cato Institute’s Fintech Unbound conference on September 12, 2018. Commissioner Peirce commented that securities regulators are too risk...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

U.S. Financial Industry Developments - FINRA Requests Comment on Financial Technology Innovation in the Broker-Dealer Industry - On July 30, 2018, the Financial Industry Regulatory Authority ("FINRA") published a...more

Polsinelli

How FinTech Could Reboot LIBOR

Polsinelli on

Part One of this two part E-alert looked at the challenges facing London Inter-Bank Offered Rate (LIBOR) LIBOR and how the syndicated loan market is dealing with the potential non-availability of these rates. Part two...more

A&O Shearman

Allen & Overy's weekly update on Key Regulatory Topics - 23 March 2018 - 28 March 2018

A&O Shearman on

BREXIT - Please see the Prudential Regulation section for updates on: (i) the record of the FPC meeting held on 12 March; and (ii) HMT’s recently published letter on the EC’s proposed package of reforms in relation to BRRD...more

A&O Shearman

A round-up of some of the most interesting developments to look out for in 2018 for disputes lawyers

A&O Shearman on

Brexit - It is impossible not to mention Brexit which will be defined by the politics. 2018 is also likely to bring a significant increase in UK policymaking and related legislative change. We expect to see the publication...more

Latham & Watkins LLP

Coining it in: ICOs as the New Fundraising Paradigm?

Latham & Watkins LLP on

Initial Coin Offerings (ICOs) involve issuers offering virtual coins or tokens that are created and disseminated using distributed ledger or blockchain technology. The capital raised from the offer will fund the development...more

Latham & Watkins LLP

Bank of England Launches Blueprint on New RTGS Service

Latham & Watkins LLP on

RTGS service to be interoperable with distributed ledger technology, to allow greater access and to provide sophisticated data interface for liquidity management. There is an important opportunity for early-stage...more

Hogan Lovells

Planning ahead: the FCA's 2017/18 Business Plan priorities and strategic framework

Hogan Lovells on

The FCA's latest Business Plan demonstrates a commitment to pushing forward on both existing and new initiatives across sectors, focused on maintaining fair consumer outcomes in the rapidly changing UK financial services...more

Latham & Watkins LLP

FCA Launches Discussion on Distributed Ledger Technology

Latham & Watkins LLP on

UK regulator calls for submissions on potential uses, risks and benefits of distributed ledger technology in the financial services sector. The Financial Conduct Authority (FCA) published a Discussion Paper (DP17/3) on...more

Hogan Lovells

Expect the Unexpected: The Year Ahead for the Financial Institutions Sector

Hogan Lovells on

With contributors across the sector and the globe, we've compiled a review of some of the developments that will affect financial institutions in 2017 and beyond. The one thing that 2016 taught us was to expect the...more

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