Stress tests–and the future of Soft Law

According to press coverage, it will be harder for banks to fail stress tests, due in small part to less transparency about the results.  According to the WSJ: The Fed is moving toward eliminating passing and failing grades from the … Continue Reading

Last Call for Papers for the IMF-IIEL Cryptoasset Research and Policy Workshop!

As a kick-off to its Second Annual Fintech Week to be held 5-8 November, 2018, Georgetown’s Institute of International Economic Law will co-host with the International Monetary Fund a two-day research and policy conference on cryptoassets.  The conference—which will gather … Continue Reading

JIEL’s new Issue is Out

As co-editor-in Chief of the JIEL, I’m delighted to present the Special Issue of this year’s JIEL. It offers a selection of papers presented at an academic conference on the sidelines of the WTO’s 11th Ministerial Conference which was held … Continue Reading

SEC official: Ether isn’t a Security

The SEC’s Director of the Division of Corporate Finance made some critical observations this week as to whether or not the cryptocurrency ether should be deemed a security: Putting aside the fundraising that accompanied the creation of Ether, based on … Continue Reading

What is an ICO? Hear the Podcast! (with Yours Truly)

Depending on whom you ask, Initial Coin Offerings, or ICOs, are a scam, a brilliant new way for cryptocurrency companies to raise startup money, a sneaky way to get around securities regulations, or some combination of the above.  What we … Continue Reading

So what exactly did Justin Trudeau say to ignite Trump’s Ire?

So much has been said about President Trump’s reaction to Justin Trudeau’s G7 comments.  However, few sources have actually played just what Mr. Trudeau said, and focused on the response.  Here’s a clip.  I think it provides, at a minimum, … Continue Reading

SEC won’t change Howey Test (or more specifically, its application) for Cryptocurrencies

There’s been much ado about the SEC Chairman Clayton’s acknowledgement that Bitcoin is not a security.  Much more interesting, however, is the declaration that traditional approaches/views won’t be changed just because crypto comprises a new asset class.  “We are not … Continue Reading

Citigroup spends more on tech than was invested by VC in all fintechs

Interesting story from the WSJ:  Citigroup spent $8 billion on technology in 2017, easily more than was invested by venture capital across all U.S. financial technology startups last year. For more, see here.

IIEL’s New Webpage

I’m proud to announce a new webpage for IIEL–which coincides with the launch of the new webpage for Georgetown’s Law Center, and it’s IIEL portal.  With more tools accessible in this digital era, we’re looking forward to keeping our stakeholders … Continue Reading

Trade War More likely with the EU than China, according to the FT

By the end of the week, the European Union will be subject to new US national security tariffs on steel and aluminium, and, as the FT’s Shawn Donnan writes, “Mr Trump last week also aimed the trade equivalent of an … Continue Reading