Archive: June 2021

On 29 June 2021, the European Banking Authority (EBA) published an analysis of the current RegTech landscape in the EU.

The European Commission has today published a positive adequacy finding in respect of the UK’s data protection regime (the Decision).

ASIC has recently published a consultation paper seeking comments from stakeholders on a number of long-awaited updates to the ePayments Code (the Code), which has not been updated since 2010.

The payments industry continues to expand and evolve, with increasing payment volumes, new payment technologies and infrastructure and continued change in consumer spending habits leading to rapid growth in recent years.

Global law firm Norton Rose Fulbright has advised on the launch of a UK Legal Schema to provide a universal structured data format for the creation and interactivity of digital documents (including smart contracts).

On 16 June 2021, the European Parliament Committee on Economic and Monetary Affairs (ECON) held a meeting in which it discussed the main legislative proposals under the European Commission (Commission) Digital Finance Strategy.

The Texas Department of Banking announced on June 10, 2021 that Texas-chartered banks may provide virtual currency custody services.

On 17 June 2021, there was published on the legislation.gov.uk website The Payment and Electronic Money Institution Insolvency Regulations 2021 together with an explanatory memorandum.

Investor advice platforms, at both the retail and institutional level, have evolved in recent years – from the use of classic literature to expanded services offered by brick-and-mortar firms.

The European Insurance and Occupational Pensions Authority (EIOPA) has published a report called ‘Artificial intelligence governance principles: towards ethical and trustworthy artificial intelligence in the European insurance sector’.