Fintech

On 16 July 2024, the Bank for International Settlements published a speech by Klass Knot (Chair of the Financial Stability Board (FSB) and President of the Netherlands Bank). The speech is dated 11 July 2024 and is entitled The AI adventure – how artificial intelligence may shape the economy and the financial system

On 17 July 2024, the European Supervisory Authorities (ESAs) issued the second batch of policy products under the Digital Operational Resilience Act (DORA).

The second batch comprises:

  • Joint technical standards on major incident reporting. The ESAs have developed the draft technical standards per the mandate provided to them under Article

On 17 July 2024, the European Supervisory Authorities announced that they will establish an EU systemic cyber incident coordination framework (EU-SCICF), in the context of the Digital Operational Resilience Act (DORA). The EU-SCICF will facilitate communication and coordination among EU authorities and liaise with other key stakeholders at international level, in case of cyber incidents

On 16 July 2024, Global Digital Finance (GDF) announced a partnership with the Global LEI Foundation (GLEIF).

Madeleine Boys, GDF Director of Programmes and Innovation stated, “This partnership with GLEIF is a natural progression in GDF’s ongoing efforts to foster a growing ecosystem of standards within the digital asset industry. GDF

On 15 July 2024, the European Banking Authority (EBA) issued a consultation paper containing draft guidelines on templates to assist Member State competent authorities in performing their supervisory duties regarding issuers’ compliance under Titles III and IV of the Regulation on markets in crypto-assets (MiCAR).

The draft guidelines specify the content

On 12 July 2024, the European Supervisory Authorities issued a consultation paper on guidelines on templates for explanations and opinions, and the standardised test for the classification of crypto-assets, under Article 97(1) of the Regulation on Markets in crypto-assets (MiCAR).

The draft guidelines set out:

  • Templates establishing the content and form of the

On 5 July 2024, the European Banking Authority issued a statement on the application of the Regulation on markets in crypto-assets (MiCAR) to asset-referenced tokens (ARTs) and e-money tokens (EMTs).

Key points in the statement include:

  • The EBA expects any person who intends to commence ART/EMT activities to fully

On 3 July 2024, the European Securities and Markets Authority (ESMA) issued its second final report on the Markets in Crypto-Assets Regulation (MiCAR).

The publication of the final report follows a consultation that ESMA conducted between 15 October 2023 to 14 December 2024.

The final report contains draft regulatory technical standards

In our latest Global Regulation Tomorrow Plus podcast, Anna Carrier, Nikolai de Koning, Sebastien Praicheux and Simon Lovegrove discuss the first milestone of Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR).

Listen to the episode here.