Fintech Notes

COVID-19: Governance: FCA and PRA publish statements on their expectations for regulated firms under SMCR (UK)

The PRA and FCA have published two statements setting out their expectations on UK-regulated firms under the Senior Managers and Certification Regime …

COVID-19: Pressure Points: FCA issues 'Dear CEO' letter with update to retail firms (UK)

The Financial Conduct Authority (FCA) has issued a ‘Dear CEO’ letter (the letter) with an update on key issues in light of COVID-19 to firms providing …

HKMA publishes supervisory expectations and sound practices relating to algo trading following thematic examinations

On 6 March 2020, the HKMA issued a circular setting out its expectations on risk management for algorithmic (algo) trading, as well as sound practices …

Will public and private payment systems coexist?

Wendy Saunders, Clive Cunningham and Richard Woods of Herbert Smith Freehills explore stablecoins and how they may influence fintech regulation The …

Fintech market enters a new stage of maturity

Fintech is gearing up, shifting away from the start-up world to mature big ticket transactions. Richard Woods, Clive Cunningham and Wendy Saunders of …

FCA highlights its areas of concern in financial services markets in Sector Views 2020

Fintech 2020 - Trends and Development (UK)

Authors: Nick Pantlin, Caroline Rae, Rich Woods and Terence Lau The UK’s fintech sector is well established, with many of the best-known businesses …

Hong Kong data protection reform: what you need to know

On 20 January 2020, the Constitutional and Mainland Affairs Bureau (CMAB) together with the Privacy Commissioner for Personal Data (Privacy …

Malaysia joins digital banking revolution – Bank Negara Malaysia issues Exposure Draft on Licensing Framework for Digital Banks

On 27 December 2019, Bank Negara Malaysia (BNM) issued an exposure draft on the Licensing Framework for Digital Banks (Exposure Draft). According to BNM, …

Happy New Year – Happy New Money Laundering Regulations

On 20 December 2019, we received a festive treat: the publication of the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (the …

Global report on M&A in 2020

We have published our latest global M&A report in which we look at the themes that we expect to see in M&A transactions in 2020. In the report we …