With appropriate safeguards, distributed ledger technology may expand the use of non-cash assets as derivatives collateral, while mitigating certain market infrastructure inefficiencies.
By Yvette D. Valdez, Adam Bruce Fovent, and Deric Behar
On November 21, 2024, the Digital Asset Markets Subcommittee (the Subcommittee) of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory
The NPV aims to promote growth and international competitiveness by advancing open banking, re-evaluating the approach to regulating the sector, and continuing the fight against fraud.
By Brett Carr, Christian F. McDermott, and Stuart Davis
On 14 November 2024, the UK government published the National Payments Vision (NPV or Vision), which represents the
The resource aims to provide a comprehensive, voluntary framework to enhance transparency in the digital assets market and enable informed decision-making for potential buyers.
Stakeholders have until January 31, 2025, to submit comments on the “Proposed Information Guidelines for Certain Tokens Made Available in the United States” (the Guidelines), which
FINRA begins a dialogue with financial market participants about the metaverse’s potential opportunities, applications, and risks.
By Jenny Cieplak, Ghaith Mahmood, Stephen P. Wink, Naim Culhaci, and Deric Behar
On October 24, 2024, the Office of Financial Innovation (OFI) of the Financial Industry Regulatory Authority, Inc. (FINRA) published “The Metaverse and
The rule aims to reduce market concentration by guaranteeing consumer access to personal financial data, but faces strident criticism and immediate legal challenge.
By Arthur S. Long, Parag Patel, Barrie VanBrackle, Pia Naib, Mik Bushinski, and Deric Behar
On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) finalized the
Remittance service providers would need to update their disclosure statements under a narrowly tailored proposed amendment which aims to resolve issues more efficiently and save consumers time.
By Parag Patel, Barrie VanBrackle, and Deric Behar
On September 20, 2024, the Consumer Financial Protection Bureau (CFPB) proposed a rule amendment to disclosure requirements under
The deadline is fast approaching for in-scope financial entities and their ICT service providers to conform to the EU’s new digital operational resilience regulation.
By Christian F. McDermott and Alain Traill
With effect from 17 January 2025, a broad range of EU financial entities will be subject to the new EU regulation on digital operational
In its third action involving NFTs, the SEC targets a restaurant membership token tied to fundraising and promises of potential price appreciation for buyers.
By Jenny Cieplak, Ghaith Mahmood, Nima H. Mohebbi, Stephen P. Wink, and Deric Behar
On September 16, 2024, the Securities and Exchange Commission (SEC) issued a cease-and-desist
The proposal would make key changes to the definition of “deposit broker” with significant ramifications for banks, fintechs, bank-fintech partnerships, and other third parties in the financial services industry.
By Arthur S. Long, Parag Patel, Barrie VanBrackle, Pia Naib, and Deric Behar
The Board of Directors of the Federal Deposit Insurance
Online resource provides overview of delegated acts, technical standards, and guidelines for cryptoasset businesses.
Latham & Watkins has launched the Markets in Crypto-Assets Regulation Tracker, a new online resource that provides cryptoasset businesses with critical information to help navigate MiCA — a robust and detailed regulatory framework for cryptoassets.
Since MiCA was first published in