Fed Governor Offers thoughts on Stablecoins at European Central Bank

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

Fed Governor Offers thoughts on Stablecoins at European Central Bank

Stable Coin word cloud including terms like money, finance, etc.

Ms Lael Brainard, Member of the Board of Governors of the Federal Reserve System, offered her thoughts on stable coins on the Monetary Policy, Technology, and Globalisation Panel, at an ECB colloquium on December 18, 2019.  Among her observations:  “Without requisite safeguards, stablecoin networks at global scale may put consumers at risk.”  The full speech can be found here.

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US, China reach partial agreement on trade

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

US, China reach partial agreement on trade

 

Image of three financial leaders standing in front of Chinese and American flags
Photo: Johannes Eisele/Agence France-Presse/Getty Images

President Trump has agreed to a limited trade agreement with Beijing that will roll back existing tariff rates on Chinese goods and cancel new levies set to take effect Sunday as part of a deal to boost Chinese purchases of U.S. farm goods and obtain other concessions.  (WSJ story is here).

Former USTR Mike Froman, has, however, offered some criticism, characterizing it as a purchase and sale agreement failing to address America’s substantive concerns with China’s trade practices.

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New Book on Fintech Law

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

New Book on Fintech Law

Book cover of "Fintech Law in a Nutshell" by Dr. Chris Brummer

Minilateralism’s author, Professor Chris Brummer, has authored a new guide for students and experts alike that are seeking to learn about, or deepen their understanding of, fintech law. Technology is redefining financial services―including the way actors make and settle payments, raise capital, extend loans, and memorialize increasingly complex relationships. At the same time, new innovations―from cryptocurrencies to marketplace lending, robo-advising, and mobile payments―are creating novel regulatory issues for anti-money laundering requirements and cybersecurity. Professor Brummer’s Nutshell provides an overview of some the key developments reshaping finance―and the rules deployed to oversee them.

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Leaders discuss Fintech in Washington, DC

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

Leaders discuss Fintech in Washington, DC

Mark Zuckerberg, Founder and CEO of Facebook, testifies before congress in a suit on Libra, the new cryptocurrency from Facebook
Image courtesy of C-SPAN

The fall brought more than just Mark Zuckerberg’s testimony concerning Facebook’s Libra cryptocurrency to Capitol Hill.  At the same time, leaders convened in Washington to discuss fintech and its implications for the global financial system at various conferences from the IIF’s Annual Membership Conference to Washington DC’s fintech week.  Overviews of the events can be seen here and here.   Mr. Zuckerberg’s testimony is available on C-span.

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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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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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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​.

Fintech Week speakers roster is now up!

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

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Chris Brummer Interviews Jeremy Kroll About Fintech Opportunities, Risks, Cybersecurity

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

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