Results 1-10 of 76
27 June 2019
Facebook has announced that it is to launch Libra, a global digital currency, backed by some of the biggest names in financial services and tech including Visa, Mastercard, Uber and Spotify. The aim is to provide instant international money transfers by blockchain...
8 March 2019
An FX Trader was acquitted of charges that he had fraudulently traded ahead of a counterparty, based on a California federal court's finding that he and the counterparty had traded at armslength and that the trader had not violated any assurances or otherwise...
11 February 2019
The European Union (EU) Securitization Regulation (the "Securitization Regulation"), which replaces previously sectoral securitization rules and provides a harmonized regime, took effect on January 1, 2019. Unlike the US securitization rules, EU law continues...
31 January 2019
Technology continues to have an enormous impact on financial services and the pace of change shows no signs of abating. Following the bold predictions we made last year, we highlight the five stand-out trends for fintech in 2019.
26 October 2018
The development of term benchmarks based on risk-free rates (RFRs) is an important aspect of the work to facilitate a successful transition from LIBOR, particularly for corporate lending and other cash products. This briefing considers how conventions used in Overnight...
19 October 2018
In July 2017, the Chief Executive of the Financial Conduct Authority (FCA), Andrew Bailey, signalled the beginning of the end for LIBOR as an interest rate benchmark. He said that, in spite of the various reforms introduced from 2012, the underlying market for...
17 October 2018
Before financial markets can be encouraged to move from using LIBOR (the London Interbank Offered Rate) or other interbank offered rates (IBORs) as reference rates in new financial contracts, there must be suitable alternatives in place. This briefing provides...
Are Your Tokens Outside US Securities Law Jurisdiction? Important Extraterritoriality Decision Handed Down by US District Court
28 September 2018
Token issuers often sell their securities offshore and consider such sales to be exempt from US securities regulation. But this raises the question of location - are the token sales in fact outside the US for securities law purposes? In In re Tezos...
10 August 2018
On July 31, 2018, the Office of the Comptroller of the Currency (the "OCC") announced that it will begin to accept special purpose national bank charter applications from financial technology ("FinTech") companies. Concurrently, the OCC published...
9 March 2018
Since issuing its "DAO Report" in July 2017, the US Securities and Exchange Commission (the "SEC") has aggressively asserted jurisdiction over the products sold through initial coin offerings ("ICOs"). This week, the SEC issued a "Public...