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.

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

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.

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

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.

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

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

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

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

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

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

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.

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

Fintech Week speakers roster is now up!

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

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

NAFTA talks to resume, according to Mexican negotiators

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

NAFTA talks to resume, according to Mexican negotiators

NAFTA teams ready to 'start solving' stalled issues: Mexico, Chris Brummer Comments
Mexican Economy Minister Ildefonso Guajardo holds his headset during a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. REUTERS/Edgard Garrido/File Photo

Mexican Economy Secretary Ildefonso Guajardo declared that the negotiating teams for the North American Free Trade Agreement (NAFTA) are ready to kick off talks again after they stalled last month.  The full story is here.

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

TPP to Expand Membership

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

TPP to Expand Membership

Chief negotiators from the 11 members of the Trans-Pacific Partnership pose in Hakone, Kanagawa Prefecture, on Thursday. | KYODO

Chief negotiators from the 11 signatories to the Trans-Pacific Partnership agreed this week to start accession talks with potential newcomers in 2019, when the free trade pact takes effect.  Thailand, Indonesia, Columbia, South Korea and Taiwan are reportedly seen as willing to join the revised accord, which was signed in March and is now formally known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.  The story is here.

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us

EU-Japan Trade Agreement Signed

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

EU-Japan Trade Agreement Signed

EU governments have approved a free-trade deal with Japan, Chris Brummer comments
Photo Courtesy of DW.com

European member states have given the go-ahead for a free trade deal with Japan, the world's third-largest economy, news outlets report.  Among other things,  the new accord will create the world’s largest open economic area, removing EU tariffs of 10 percent tariffs on Japanese cars and the 3 percent rate typically applied to car parts.  Meanwhile, Japan has reportedly committed to remove duties of some 30 percent on EU cheese and 15 percent on wines as well as allowing it to increase its beef and pork exports and gain access to large public tenders in Japan.

Copyright 2019, Chris Brummer, All Rights Reserved. Privacy Policy | Contact Us