Anti abuse news – and a panel

Recent market manipulation cases (for example see here) have continued the trend of an increased focus on anti abuse activity on the part of regulators. Earlier this year, the UK’s FCA issued a business plan (see here) which included a further focus on anti abuse activity under MAR. The FCA uses data collected under MiFID … Continue reading

GB capacity market – appeal delayed

There have been developments in the story around the suspension of the GB capacity market since our last post here. This story on the Utility Week web site reports that the appeal being brought on the European Commission against the suspension of the market has been delayed. The appeal is to be heard either in … Continue reading

MiFID II issues

While the impact of MiFID II on the energy and commodities sector has been relatively quiet recently (see here), there has been a great deal of discussion in the wider financial sector. The issue of “research unbundling”, that is the requirement that research be charged for rather than provided as a “bundled service”, has had … Continue reading

Fintech Daily 04/30/2019

The Riksbank proposes a review of the concept of legal tender The Riksbank proposes that a committee be tasked with reviewing the concept of legal tender and role of central bank money in a digitalised economy, and the role and responsibility of both the state and the private sector on the payment market. tags: Fintech […]

Fintech Daily 04/29/2019

Central Banks Like Blockchain But Aren’t Decentralizing The only takers to date for blockchain-based CBDC are minuscule island nations. This may indicate there is a case to be made for adopting a distributed ledger format in certain geographies. Or it may mean the product is dead on arrival. tags: Fintech CryptoAssets CBDC DeFi Upstart Dharma […]

Fintech Daily 04/28/2019

Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing […]

Fintech Daily 04/27/2019

Ontology to Launch Regulated USD Stablecoin PAX on Ontology Ontology will launch Paxos Standard (PAX), a regulated USD stablecoin, on the Ontology blockchain, in May. tags: CryptoAssets Fintech Stablecoins AltCoins Banks Can’t Snub Crypto Startups Thanks to France’s New Blockchain Law France’s new crypto law grants blockchain-related projects the right to a bank account, provided […]

Fintech Daily 04/26/2019

Bitfinex Will Vigorously Challenge $850M Lost Tether ‘False Assertions’ Following the NY AG’s accusations of a $850M cover-up, Bitfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost. tags: Fintech AltCoins Stablecoins CryptoAssets Tether Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege “The New York Attorney […]

Fintech Daily 04/25/2019

Startup Arca Seeks SEC Approval for US Treasury Bond-Backed Stablecoin Arca Investment Management is seeking US SEC approval for a US Treasury securities fund whose shares would be tokenized on the ethereum blockchain. tags: Tokenization Fintech CryptoAssets Ethereum XRP is the Worst-Performing Major Crypto of 2019 Ripple’s XRP is having a disastrous start to 2019. […]

Fintech Daily 04/24/2019

Report: Samsung Planning New Blockchain Mainnet Featuring Samsung Coin Samsung may be developing a public-private blockchain based on Ethereum (ETH) along with a new asset dubbed Samsung Coin. tags: Fintech CryptoAssets Blockchain French Lender Societe Generale Issues $112 Million Bond on Ethereum – CoinDesk Societe Generale issued EUR100 million of covered bonds in the form […]