Popular, EU, FinTech

Bank of England Seeks Innovation in Money and Payments, With a Focus on Distributed Ledger Technology

Skadden, Arps, Slate, Meagher & Flom LLP on 8/5/2024

On 30 July 2024, the Bank of England published a discussion paper on its approach to innovation in money and payments (the Discussion Paper). A recurring theme is the Bank of England’s focus on the potential use of...more

What does the EU AML package mean for business?

A&O Shearman on 6/24/2024

The EU has published its AML Package in the Official Journal of the EU. Here we explore the key changes introduced in the package, what they mean for EU member states – and how they will impact businesses...more

Key forthcoming EU legislation on Cybersecurity, Artificial Intelligence, Data and Digital Markets

Mayer Brown on 3/14/2024

NETWORK AND INFORMATION SECURITY 2 DIRECTIVE (NIS2) - WHO WILL BE IN SCOPE? Operators of essential and important services across various sectors including energy, transport, banking, health, medical devices, chemicals...more

Fintech Focus Podcast | Are Regulators Dictating Fintech Deal Terms?

Skadden, Arps, Slate, Meagher & Flom LLP on 3/5/2024

Skadden presents the inaugural episode of our podcast “Fintech Focus,” which will explore current trends, news and developments in the fintech space. European counsel and host Joseph Kamyar kicks off the series with colleague...more

The 3rd Fintech Epoch: Europe’s first-movers drive M&A amid tightened purse strings

White & Case LLP on 9/25/2023

UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Fintech - Whilst many European start-ups have struggled to successfully execute funding rounds at valuation levels of yesteryear, more mature fintechs...more

Proposed EU Regulation on Markets in Crypto-Assets Approved by European Parliament

A&O Shearman on 5/10/2023

On April 20, 2023, the agreed text of the proposed European Markets in Crypto-Assets Regulation was given final approval by the European Parliament. The Regulation is intended to improve legal certainty in the regulatory...more

Deal Flow 3.0: European Venture Capital Deal Term Review 2022

Orrick, Herrington & Sutcliffe LLP on 3/10/2023

Foreword - Despite a shift to economic headwinds, investors injected more than $95B into the European tech market in 2022, the second-largest amount ever. To see how deal terms changed, Orrick developed new technologies and...more

EU Close to Introducing Groundbreaking Law to Regulate Crypto

Akin Gump Strauss Hauer & Feld LLP on 10/28/2022

In October 2022 the European Council approved the Markets in Crypto-Assets (MiCA) Regulation, one of the first attempts globally at comprehensive regulation of cryptocurrency markets. The regulation extends to money...more

Countdown to MiCA: The EU’s cryptoassets regulation

Dechert LLP on 7/15/2022

On 30 June 2022, the European Council (Council) and the European Parliament (Parliament), announced that they had reached a provisional agreement on the proposal for regulation on markets in cryptoassets (MiCA), which covers...more

EU Distributed Ledger Technology Pilot Regime Published

A&O Shearman on 6/15/2022

The EU has published in the Official Journal of the European Union its Regulation on a pilot regime for market infrastructures based on distributed ledger technology. The pilot regime will permit certain DLT market...more

Fintech solutions for the financial services sector

White & Case LLP on 11/17/2021

Challenges and opportunities in the US, UK and Europe - "Many Fintechs that previously avoided bank-like regulation in the US are now actively seeking that status." The digital revolution was well underway long before most...more

Key Regulatory Topics: weekly Update 15 October to 21 October 2021

A&O Shearman on 10/25/2021

Of particular note this week, HM Treasury published a policy paper on ‘Greening Finance: A Roadmap to Sustainable Investing’ which sets out the UK government’s ambition to support the financial services sector to align with...more

Global Payments Newsletter, September 2021

Hogan Lovells on 9/29/2021

Key developments of interest over the last month include: El Salvador: Bitcoin becomes legal tender European Union: European Commission proposes Path to the Digital Decade to deliver EU's digital transformation by 2030...more

Fintech Legal Report - August 2021

Perkins Coie on 9/2/2021

Senators Inquire about CFPB’s Fintech Agenda - On July 27, 2021, Senator Sherrod Brown, the Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to the Consumer Financial Protection...more

Mega domestic bank consolidation takes centre stage— Spain leads the charge - Financial institutions M&A sector trends: banks — H2...

White & Case LLP on 2/1/2021

Bank M&A across Europe comes to a boil—the COVID-19 pandemic has hastened the confluence of conducive conditions for mega domestic mergers. Spain and the Balkans lead the charge, with Italy, Germany, France, Poland and the UK...more

Global Payments Newsletter, October 2020

Hogan Lovells on 10/29/2020

Europe: European Commission communication on EU Retail Payments Strategy - On 24 September 2020 the European Commission published a communication setting out an EU Retail Payments Strategy identifying key priorities and...more

Open Banking: Navigating the Emerging Regulatory Landscape

Skadden, Arps, Slate, Meagher & Flom LLP on 10/28/2020

Open banking is an important driver of the fintech revolution. Regulators have recognised open banking as a means of introducing competition and innovation in the banking sector. Likewise, fintechs are seizing the...more

Financial Daily Dose 8.3.2020 | Top Story: Microsoft in Talks to Acquire ByteDance’s U.S. TikTok Operations

Robins Kaplan LLP on 8/4/2020

Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns TikTok, has offered to sell all of the popular video app’s American operations as a way to save the business from being...more

Financial institutions M&A: Sector trends - July 2020: As the technicolour gloss of unicorns fade, investors attempt to back the...

White & Case LLP on 7/17/2020

Financial Institutions M&A sector trends: Fintech — H1 2020 and outlook for H2 2020. H1 2020 heralds an entirely new era for fintech, a market segment which scarcely existed at the time of the global financial crisis. Many...more

European Parliament Calls for New EU Common Framework for Cryptoassets

Latham & Watkins LLP on 6/18/2020

An ECON draft report on digital finance recommends legislative action in relation to cryptoassets and cyber resilience and a framework for digital onboarding. On 4 June 2020, the European Parliament’s Economic and Monetary...more

Financial Daily Dose 6.11.2020 | Top Story: Europe to Charge Amazon with Antitrust Violations Over Treatment of Third-Party...

Robins Kaplan LLP on 6/11/2020

The European Union’s antitrust authority is reportedly within days of filing charges against Amazon for the company’s “treatment of third-party sellers,” the latest step in a “two-year probe into Amazon’s alleged mistreatment...more

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