Professor Brummer Delivers Talk at the Bank of England

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

Professor Brummer Delivers Talk at the Bank of England

A staircase within the bank of England, where Professor Chris Brummer delivered his remarks

Minilateralism's author, Chris Brummer, delivered a talk at a conference sponsored by the Bank of England and Queen Mary's Centre for Commercial Law Studies exploring regulatory perimeter, cross-border dimension and virtual currencies.

Professor Brummer's remarks centered on the tradeoffs involved in the regulation--and deregulation--of financial innovation, and the challenges posed to international financial coordination.

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Non-Banks aren’t the Same as Banks in Mortgage Lending

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

Non-Banks aren't the Same as Banks in Mortgage Lending

Lending from non-bank institutations is increasingly affecting housing, Professor Chris Brummer comments
Professor Chris Brummer discusses non-bank lending's effect on the housing industry

Minilateralism author Chris Brummer had the opportunity to appear on CNBC to discuss the rise of non-banks in the mortgage lending.  Among the points he highlights--the potential for non-banks to offer lending services in ways that require them to carry less capital than their more heavily counterparts in the banking industry.

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Steven Maijoor, Chair of the European Securities and Markets Authority, to Talk Fintech, Cryptocurrencies and Clearinghouses

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

Steven Maijoor, Chair of the European Securities and Markets Authority, to Talk Fintech, Cryptocurrencies and Clearinghouses

CQ Roll Call and Georgetown’s Institute of International Economic Law are delighted to host Steven Maijoor, the Chair of the European Securities and Markets Authority, for a rare one on one interview, with Professor Chris Brummer.

Steven Maijoor, the Chair of the European Securities and Markets Authority, will be sitting for a rare one on one interview, with Professor Chris Brummer, at Georgetown Law on June 12, 2019.  During the interview, Mr. Maijoor will discuss recent and upcoming developments relating to cryptocurrency regulation, blockchain technologies, and cross-border equivalence for derivatives infrastructures.  Reservations can be made here.

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FinCEN Decries Venezuela’s Attempt to Circumvent Sanctions

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

FinCEN Decries Venezuela’s Attempt to Circumvent Sanctions

FinCEN criticizes Venezuela’s Attempt to Circumvent Sanctions, Chris Brummer comments
Image courtesy of: www.crowdfundinsider.com

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has issued an updated advisory to warn financial institutions of continued widespread public corruption in Venezuela. This is part of an ongoing effort by United States to isolate the Maduro regime who recently lost a popular election but has refused to leave office thus inciting many countries to criticize the emerging dictator.  The story is here.

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Fintech goes Minilateral

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

Fintech goes Minilateral

Chris Brummer discusses fintech and how it is affecting our world
Image courtesy of: https://www.rollcall.com

Fintech is one of the most recent sectors to enter the world of minilateral regulation--and is subject to informal rules (soft law), agreements by narrow alliances of regulators, and business plans intending to provide alternatives to the U.S. dollar.  But even as such,  regulators face a number of key challenges.  Georgetown University professor Chris Brummer breaks down this rapidly evolving field, and explains how.

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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​.