The Expanding Regulatory Perimeter – Crypto-Asset Trading

Courtesy of Barbara C. Matthews (JD/LLM ’91) “Hi!  I’m from the government.  I’m here to help.” The regulatory perimeter regarding crypto-assets continues to expand.  The latest move comes from the International Organization of Securities Commissions (IOSCO) which released for comment on 28 May, 2019 suggested regulatory oversight standards[1] to govern crypto-asset trading platforms (the “IOSCO […]

Central Bank Digital Currency – Growing Interest, Concrete Data

Courtesy of Barbara C. Matthews Regulators may be setting their sights on how to regulate Big Tech – as discussed in last month’s FinReg Blog post – but, as central banks and finance ministers prepare to convene in Washington in April for the IMF/World Bank Spring Meetings, the issue poised to generate the most interest […]

Global FinTech Policy – A Shifting Landscape

Courtesy of Barbara C. Matthews This February could rightly be called “FinTech Month” in Basel, Switzerland, given the number of documents put out by the Financial Stability Board (FSB) that point to a shift in priorities for the international standard setting body. While little noticed by the financial press, this post will analyze the FSB […]

ICO Regulation not Slowed by Brexit or US Shutdown Chaos

Courtesy of Barbara C. Matthews It seems somehow ironic and fitting that the economic sector most hostile to centralized governments – cryptocurrency and initial coin offerings (ICOs)  – faces renewed regulatory activity despite the UK Brexit and US shutdown chaos.  On January 23, the Financial Conduct Authority (FCA) in the United Kingdom issued a new […]

International Regulatory Cooperation: FinTech Edition

Courtesy of Barbara C. Matthews Financial regulators have been finding new ways to cooperate and coordinate policy formation since the Basel Committee was created in the early 1970s.  Sectoral groups (IOSCO for securities, IAIS for insurance) were joined by cross-functional groups following the Asian Financial crisis (the Financial Stability Forum) and the most recent financial […]

Signs of Life for Transatlantic Regulatory Cooperation

Courtesy of Barbara C. Matthews Implementing post-crisis reforms has created strains for the transatlantic regulatory policy community.  The large number of technical standards across all major areas of the financial system collided with increased efforts to assert national policy priorities.  Policy discord particularly dominated discussion of derivatives regulation, regulatory capital for banks, securitization, and cross-border […]