Basel Committee Issues New Crypto Asset Warnings

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Basel Committee Issues New Crypto Asset Warnings

Pile of Bitcoin, related to Basel Committee statement on cryptocurrency
Image courtesy of CrowdFundInsider.com

The Basel Committee on Banking Supervision (BCBS) issued a statement on “crypto-assets,” highlighting that new financial products related to crypto have the potential to increase the risks to banks who engage in digital or crypto assets. The BCBS, an informal standard setting body, was established by central bank governors to cooperate on regulatory and supervisory matters.  The story is here.

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Chris Brummer joins European Securities and Markets Authority working group

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Chris Brummer joins European Securities and Markets Authority working group

Logo, European Security and Markets Authority
https://www.esma.europa.eu/

Minilateralism’s author, Chris Brummer, has been invited to join ESMA’s Consultative Working Group for the agency’s Financial Innovation Standing Committee.  The working group is designed to tap the expertise of market participants and academics who are involved in the topics related to financial innovation under ESMA’s remit (securities markets, market infrastructures, institutional and retail investors) and with a view to support ESMA’s objectives of investor protection, market integrity and financial stability.

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EU Moves Closer to Harmonized Regulation of Cryptoassets

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

EU Moves Closer to Harmonized Regulation of Cryptoassets

A sign in a Berlin pub signals the owner’s acceptance of bitcoin. Reports on cryptoasset regulation in the European Union could have global reverberations. (Sean Gallup/Getty Images file photo)

Two pivotal reports on European cryptoasset regulation were released today by the European Securities Markets Authority (ESMA) and the European Banking Authority (EBA), setting the stage for a process that could result in a “bespoke” regime for cryptoassets. The full story is here.

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FintechPolicy.org Officially Launches

FintechPolicy.org, an online portal for news and analysis of global regulatory developments in financial technology, officially launched in the latter days of December 2018.
 
FintechPolicy.org will be the first website of its kind to focus on policy across an increasingly expansive fintech ecosystem. A wide array of experts from the field of financial technology will contribute articles, opinion pieces, and exposés concerning the current state and future of regulatory policy in the United States and internationally, with Dr. Chris Brummer serving as founder and key contributor. 
 
For more information on this exciting development, click here​.

New Brexit vote would ‘break faith’ with British, says May

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

New Brexit vote would 'break faith' with British, says May

REUTERS/Toby Melville

Prime Minister Theresa May reportedly opposes a second Brexit referendum on Monday, arguing that such a vote would “break faith” with British people and do “irreparable damage” to politics.  The story is here.

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China says US ‘spoiled’ APEC party as trade war truce hopes fade

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

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NAFTA talks forced Canada to pick a side in U.S.-China trade war

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

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Why some experts say scrapping part of NAFTA’s Ch. 11 is Canada’s biggest win with USMCA

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Why some experts say scrapping part of NAFTA’s Ch. 11 is Canada’s biggest win with USMCA

Why some experts say scrapping part of NAFTA’s Ch. 11 is Canada’s biggest win with USMCA, Chris Brummer provides commentary
Photo Courtesy of globalnews.ca

While the United States Mexico Canada Agreement (USMCA) is similar to its NAFTA predecessor in many ways, some experts are cheering the removal of a section little-known to the Canadian public — Chapter 11, Section B., or the Investors-State Dispute Settlement (ISDS) mechanism.  The story is here.

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Fintech Week speakers roster is now up!

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

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