Introduction
Over the past few years, new innovations under the umbrella term of decentralised finance (“DeFi”) has caught the attention of retail investors, financial institutions and regulators alike. DeFi generally refers to financial products and services which are powered by distributed ledger technologies and provide permissionless peer-to-peer access to users.
Continue Reading Decentralised Exchanges: The relevant considerations when mapping out how DEXs might be regulated
The media is brimming with articles on the rise of cryptocurrencies and digital assets. Whether it’s news on the rising value of Bitcoin, the acquisition of digital art for large amounts of money, the release of the latest Kings of Leon album as an NFT (non fungible token), or articles
Continue Reading Crypto assets: A new line of enquiry and recovery for insolvency practitioners
On 20 November 2020 the South African Financial Sector Conduct Authority (FSCA) published a draft declaration relating to crypto assets (including cryptocurrencies like Bitcoin and Ethereum). In terms of this draft declaration, crypto assets would be regarded as a ‘‘financial product‘‘ in terms of the Financial Advisory and Intermediary Services
Continue Reading Will we see authorised crypto providers?
Technology conference and event producer TechFire and DLA Piper recently collaborated to present a fireside chat with Victoria Treyger, general partner and managing director at venture capital firm Felicis Ventures, and DLA Piper partner Patrick Anding. Their conversation focused on the impact of the new normal on the venture
Continue Reading A conversation on consumer technology startups and the venture capital ecosystem
The addition of security tokens to the financial instrument toolbox is helping new, dynamic and lean financial services businesses to emerge and flourish. Blockchain-based technologies help these new entities grow rapidly, offering innovative business initiatives with minimal resources. Many of the required systems and support processes including software, security, operational
Continue Reading Adding tokenization to the toolbox
By Victoria Lee and Andrew W. Grant
On September 12, 2019, the Task Force on Artificial Intelligence, which is a task force within the House Financial Services Committee (FSC), held a hearing titled “The Future of Identity in Financial Services: Threats, Challenges, and Opportunities.” As the FSC wrote before the
Continue Reading Task Force on Artificial Intelligence hearing: the future of identity in financial services – key testimony on threats, challenges, opportunities
On June 28th, 2019, the UK Financial Conduct Authority (in response to an Opinion published by the European Banking Authority) published a statement on the possible delay of enforcement against businesses that, by September 14th, 2019, will not have met the Regulatory Technical Standards for Strong Customer Authentication (SCA) in
Continue Reading E-Commerce and Payments Developments in the UK: FCA announces possible delay in enforcement of strong customer authentication
A recent decision by the UK financial services regulators, the Financial Conduct Authority and the Prudential Regulation Authority, to fine a retail bank serves as a reminder to both customers and technology vendors and service providers to the financial services sector to ensure that their services and contracts include
Continue Reading Financial services and technology: retail bank fine is a warning from the UK regulators
This article first appeared on dlapiper.com on May 31.
DLA Piper is pleased to announce the release of a special report titled “Cryptocurrency and its impact on insolvency and restructuring.” The firm prepared the report on behalf of INSOL International, a global federation of national associations for accountants and lawyers
Continue Reading DLA Piper prepares report on the impact of cryptocurrency on insolvency and restructuring
One of the most noticeable recent trends in financial services is the number of collaboration which are taking place between FinTechs and banks. As banks have been transforming to increasingly drive business through digital channels, they have sought to partner with FinTechs to accelerate the pace of change.
There is
Continue Reading Collaboration in Financial Services – Regulation and Challenges
