Archive: February 2021

On 26 February 2021, there was published the independent report on the UK fintech sector by Ron Kalifa OBE.

On 22 February 2021, the European Banking Authority (EBA) issued a regulatory opinion on supervisory actions Member State competent authorities (NCAs) should take to ensure banks remove any remaining obstacles that prevent third party providers from accessing payment accounts, which restrict EU consumers’ choice of payment services.

There is now an emerging consensus that cryptoassets are property – judges have so held in cases in England and other jurisdictions and it is the unanimous conclusion of independent reports on the topic.

Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed.

Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed.

On 11 February 2021, the Global Legal Entity Identifier Foundation (GLEIF) published issuance and technical infrastructure models for its recently announced verifiable LEI (vLEI) system.

On 11 February 2021, the Payment Systems Regulator (PSR) issued two calls for views seeking greater protections for people using payment systems: one relating to the protections against authorised push payment (APP) scams, and the other looking more broadly at consumer protection in interbank (bank-to-bank) payments.

Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed.

On 11 February 2021, the Global Legal Entity Identifier Foundation (GLEIF) published issuance and technical infrastructure models for its recently announced verifiable LEI (vLEI) system.

On 2 February 2021, the European Commission (the Commission) sent a request to the European Supervisory Authorities (ESAs) for technical advice on digital finance and related issues.