Archive: July 2021

On 30 June 2021, ASIC released its consultation paper 343: Crypto-assets as underlying assets for ETPs and other investment products (CP343).

As we all adapt to widespread homeworking, bringing deals to a close and executing documents remotely has never been more pertinent.

In this special edition of FinTech Pulse, Madeline Bailey, co-head of Technology consulting is joined by one of the most influential women in European InsurTech, Parul Green, Board member of Insurtech Board, HM Treasury and Chief of Staff, APAC and Europe at AXA XL, to discuss the state of all things innovation and InsurTech in the Insurance sector.

On 15 July 2021, the European Banking Authority (EBA) issued a consultation paper on draft guidelines that set out its view on the application of the limited network exclusion requirements, which certain payment instruments might benefit from, as laid down in the revised Payment Services Directive (PSD2).

On July 6, 2021, Connecticut enacted a new law (Public Act 21-119) that creates a safe harbor for companies that followed certain cybersecurity protocols in the event there’s a security breach.

In technology, first-mover advantage is often significant.

On 9 July 2021, there was published a report on central bank digital currencies (CBDCs).

On 9 July 2021, the European Securities and Markets Authority (ESMA) published a letter that it had sent to the European Commission concerning certain interpretation issues regarding the Regulation for European crowdfunding service providers for business.

The payment services landscape is currently overshadowed by the scandal around Wirecard.

On 1 July 2021, the European Commission issued a proposal for a Directive on consumer credits repealing and replacing the Consumer Credit Directive (CDD). The Commission also published the Annexes to the draft Directive, an impact assessment report, an executive summary of the report and a factsheet