Fintech Notes

Bank of England speech on payments trends and cryptoassets following Covid-19

Will CBDCs be the public sector response to GSCs in the UK and EU?

UK’s Banking Competition Remedies launches “Pool E” of its Capability and Innovation Fund

Payment Systems Regulator focuses on innovation in payments with the New Payments Architecture

Genevieve Marjoribanks, Head of Policy at the Payment Systems Regulator (PSR), delivered an insightful speech to the Westminster Business eForum this …

Addressing concerns around 'global stablecoins': FSB proposes an extensive regulatory framework

First published on Thomson Reuters Regulatory Intelligence on 13 May 2020 In April, the Financial Stability Board (FSB) published, in response to a …

UK GOVERNMENT - COVID-19 SUPPORT SUMMARY OF CBILS, CLBILS, FUTURE FUND, AND CCFF

On 20 April 2020, the UK Government announced a new “Future Fund” to support private businesses in the UK. This added to the existing Coronavirus …

COVID-19: Pressure Points: Impact on UK criminal investigations & justice system

COVID-19 and the related lockdown restrictions are placing the UK criminal justice system under considerable pressure.  In the public sector, law …

FCA publishes its Business Plan for 2020/21

Cryptoassets and DLT: global stablecoins v CBDCs and the potential for private DLT to connect public payment systems

This article has also been published by the International Financial Law Review (IFLR). The payments sector is one of the fastest growing sectors within …

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 …