The Basel Committee put out a useful consultative report on fintech. It is not designed to provide any revolutionary ideas in supervision, but it is extremely well organized–with data on the size of fintech, an analysis of licensing frameworks, and comparisons … Continue Reading
Cross-Border Market Access for Fintech Accelerates, and Supervision Should Follow
One of the more interesting trends in fintech is the increasing accommodation and coordination of innovation hubs. Hong Kong and Dubai authorities, for example, have inked deals providing for cooperation on the development of financial technology, along with the Monetary … Continue Reading
Could International Standard-Setting Bodies Resolve Regulatory Disputes Between the EU and Post-Brexit UK?
Much attention has been generated by recent proposals concerning post-Brexit dispute resolution between the UK and EU. One idea that has not garnered the same amount of attention involves greater reliance on bodies like the Basel Committee or IOSCO to solve … Continue Reading
Will the UK’s Embrace of EU Data Protection Impact the UK’s Trade Relationship with the United States?
The FT is reporting that the United Kingdom is working hard to demonstrate the country’s commitment to European data protection laws set to come into force, despite its likely departure from the block in 2019. In many ways, this makes … Continue Reading
What Would it Mean for Labor to Be Able to Sue Under NAFTA? Some Early Thoughts
I’ve been reading with interest increasingly vocal calls to introduce more progressive strategies in international economic law. One of the more intriguing: giving labor unions the same right to sue governments that foreign investors enjoy. Philosophically, I’m not opposed to … Continue Reading
FinTech Week—a unique policy forum for market participants, regulators and thought leaders—launches in Washington, DC Georgetown University October 18-20, 2017
In a world of rapidly evolving innovation and regulation, precious few opportunities are afforded market participants, regulators and academic thought-leaders to seriously discuss, discover, and debate changes in the financial ecosystem, and what they mean for consumers and investors. Georgetown … Continue Reading
Groups Criticize NAFTA Secrecy, Compare to TPP
NAFTA negotiations have opened, with critics pouncing on the transparency—or lack thereof—with which talks have thus far been conducted. The Electronic Frontier Foundation, a digital rights group, for one, has noted: [F]ollowing the failed model of the Trans-Pacific Partnership (TPP), the USTR will … Continue Reading
Australia joins Japan and China in Regulating Bitcoin Exchanges
Recent news reports indicate that Australia is seeking to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges, a move that follows on the heels of attempts in China and Japan to regulate digital currencies. Authorities have reportedly described their efforts … Continue Reading
President Trump’s Comments Complicate (Among So Many Other Things) UK-US Trade Relationship
The news has been saturated with President Trump’s shocking Charlottesville remarks in the wake of the tragic death of civil rights protester Heather Heyer. Yet one overlooked consequence, among the many domestic consequences, is that his comments may impact international … Continue Reading
UK seeks to establish temporary customs union with EU
An interesting development reported by a number of news sources, and in this case, the Daily Telegraph: The Brexit Secretary will on Tuesday publish a paper in which he agrees not to implement any new free trade deals until after … Continue Reading