The PRA, FCA and the Bank of England (the Regulators) have identified, for some time, the growing dependency of the UK finance sector on critical third parties who supply services to the finance sector (CTPs), including, in particular, the largest cloud service providers. The Regulators have
Continue Reading Operational Resilience in the UK Financial Services Sector: Proposed ‘Critical Third Party’ Regulations
The technology sector faces a critical moment as economic signs continue to point to a possible downturn. Yet, despite this, our latest Technology Index findings show the industry has managed to remain optimistic thanks to forecasts of increased revenue and ESG opportunities.
As a firm, we launched this unique report
Continue Reading Tech Index 2022: Pathways to Growth in a Troubled World
The technology sector faces a critical moment as economic signs continue to point to a possible downturn. Yet, despite this, our latest Technology Index findings show the industry has managed to remain optimistic thanks to forecasts of increased revenue and ESG opportunities.
As a firm, we launched this unique report
Continue Reading Pathways to Growth in a Troubled World
The recent enrolment of one of the world’s largest cryptocurrency exchanges in the special section of the so-called “Organismo degli Agenti e Mediatori” (OAM) in Italy is something that should not go unnoticed for at least two reasons: (i) first of all, we will observe for the first time how
Continue Reading Cryptocurrency exchanges officially in Italy. What are the applicable regulatory requirements?
The world is currently in a state of unprecedented data availability. Within the financial sector, and indeed every other sector, organisations have found themselves with an abundance of data and information that they can use to better navigate the changing face of commerce. In many ways, this is incredibly helpful.
Continue Reading Financial Conduct Authority issues call for input on AI, synthetic data, and financial services innovation
Victoria Lee co-leads DLA Piper’s Global Technology Sector and has been practicing law at DLA Piper for more than 25 years. She focuses on representation of emerging growth and public companies in complex technology and commercial transactions in the technology sector, as well as a variety of other industry sectors.
Continue Reading Five Questions with Victoria Lee: DLA Piper Partner; Global Co-Chair, Technology Sector; and Managing Partner for Northern California and Silicon Valley
The growth of usage of blockchain based smart contracts in Italy might be boosted by a new law which deemed them equal to written documents in some cases.
What are smart contracts?
According to Investopedia, smart contracts are
“Smart contracts are self-executing contracts with the terms of the
Continue Reading Blockchain based smart contracts equal to written documents in Italy
Virtual currency for the 1st time falls under Italian anti-money laundering law with the decree implementing the European 4th AML Directive.
Continue Reading Virtual currency gets regulated under anti-money laundering laws
The FinTech revolution is led by the PDS2 with banks as a platform facing legal risks due to open APIs and new strong authentication obligations.
Continue Reading FinTech – between Open APIs and Strong Authentication at the time of the PSD2
Blockchain is “the most important invention since the Internet itself” according to Marc Andreeseen, but if illegal activities are perpetrated through the blockchain, who is liable?
Continue Reading Who is liable for the blockchain in Europe?
