SEC Commissioner Hester M. Peirce filled senior positions for the new Crypto Task Force.
The full update can be found here on our US Regulatory Intelligence platform.
Earlier this year the European Commission (Commission) announced that it was rejecting the draft Delegated Regulation supplementing the Digital Operational Resilience Act (DORA) with regard to regulatory technical standards (RTS) on subcontracting ICT services supporting critical or important functions.
The basis of the rejection was that the requirements introduced
On 26 February 2025, the European Securities and Markets Authority (ESMA) published the official translations of the following guidelines relating to the Markets in crypto assets Regulation (MiCA):
On 21 February 2025, the Wolfsberg Group published:
On 24 February 2025, the Financial Conduct Authority (FCA) published the latest research note in its artificial intelligence (AI) series, asking ‘how can AI’s role in credit decisions be explained?’.
The note explores the relative effectiveness of different methods for explaining the outputs of AI to consumers in the context of
On 21 February 2025, the Financial Stability Board (FSB) announced that it was conducting a thematic peer review that will take stock of the progress made and planned by its members (and certain non-members) in implementing the FSB Crypto Framework.
The primary source of information for the peer review will be responses to
On 20 February 2025, the following was published in the Official Journal of the EU (OJ):
On 20 February 2025, the following was published in the Official Journal of the EU (OJ):
On 19 February 2025, the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) published a feedback statement, FS25/1, on big tech and digital wallets.
Background
The FCA and PSR published a call for information in July 2024 on the benefits and risks that digital wallets bring to people
On 18 February 2025, the European Supervisory Authorities (ESAs) issued a roadmap to the designation of critical ICT third-party service providers (CTPPs) under the Digital Operational Resilience Act (DORA).
To designate CTPPs this year, the ESAs will perform the following steps: