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

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

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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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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.

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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.

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