Featured Product

    EU Blockchain Observatory of EC Publishes October-November Newsletter

    December 04, 2019

    The European Union Blockchain Observatory and Forum published its October-November newsletter, which covers the activities and events in EU on topics such as blockchain and artificial intelligence. This issue of the newsletter announces the success of inaugural edition of the Global Blockchain Convergence Congress 2019, which took place in Spain between November 11 and 13. Also released are the thematic report on Blockchain in trade finance and supply chain, an academic paper entitled "Blockchains and Education," and a report on a recent workshop on blockchain in financial services.

    With the joint effort of EC, the Observatory, INATBA, and Alastria, the inaugural edition of Convergence was meant to be the first in what will become a yearly meeting between the global blockchain community, regulators, corporates, activists, and the public at large. The convergence attracted nearly 1,400 attendees representing over 50 countries, nearly 230 speakers, and over 80 keynotes, panels, fireside chats, roundtables, and meetings.

    The thematic report on Blockchain in trade finance and supply chain  highlights that globalization has made supply chains significantly more complex, involving multiple players globally and a great deal of coordination among large numbers of stakeholders that do not necessarily trust each other. While this has driven up operating costs, increased regulation is driving up the cost of regulatory compliance. Many processes are outdated, often paper-based and supply chains suffer from a lack of transparency due to data not being readily available. This report examines how blockchain technology might provide a means to address many of these issues. Additionally, the academic paper on Blockchains and Education provides a succinct, detailed overview of the use of blockchain and distributed ledger technology for education globally, with conclusions and recommendations tailored for a European context.

    The newsletter also highlights the following issues that caught the attention of community during the month:

    • South Africa plans new rules to stop crypto from being used to evade currency controls
    • Like China’s Crypto was not enough, now a BRICS Crypto is on its way
    • Which governments are using bockchain right now?
    • Regulating the crypto world—new developments from France
    • Latest IFC publication on blockchain

     

    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, Blockchain, Blockchain Observatory, Newsletter, Fintech, Regtech, Distributed Ledger Technology, Artificial Intelligence, EC

    Related Articles
    News

    EC Issues Regulation on Adjustments to K-Factor Coefficients Under IFR

    The European Commission (EC) published a report summarizing responses to the targeted consultation on the supervisory convergence and the single rulebook in the European Union (EU).

    January 20, 2022 WebPage Regulatory News
    News

    OSFI Issues Results of Pilot on Climate Risk Scenario Analysis

    The Office of the Superintendent of Financial Institutions (OSFI) published an update on the discussion paper that intended to engage federally regulated financial institutions and other interested stakeholders in a dialog with OSFI, to proactively enhance and align assurance expectations over key regulatory returns.

    January 20, 2022 WebPage Regulatory News
    News

    ECB Issues Opinions on Green Bonds Standard and CRR Proposals

    The European Central Bank (ECB) published its opinion on a proposal for a regulation on European green bonds, following a request from the European Parliament.

    January 19, 2022 WebPage Regulatory News
    News

    ESRB Explores Policy Response to Risks Arising from Digitalization

    The Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) published a report that explores the expected impact of digitalization on provision of financial and banking services, and proposes policy measures to address the risks stemming from digitalization.

    January 18, 2022 WebPage Regulatory News
    News

    EU Authorities Address COVID-19 Reporting, MCD, and PSD2 Issues

    The European Banking Authority (EBA) announced that the guidelines on the reporting and disclosure of exposures subject to measures COVID-relief measures shall continue to apply until further notice.

    January 17, 2022 WebPage Regulatory News
    News

    FI Publishes Multiple Regulatory and Reporting Updates

    The Swedish Financial Supervisory Authority (FI) announced that the capital adequacy reporting as at December 31, 2021 must be done by February 11, 2022.

    January 17, 2022 WebPage Regulatory News
    News

    BSP Tackles Aspects of Lending and Islamic, Open & Sustainable Finance

    The Central Bank of the Philippines (BSP) issued communications covering developments related to online lending platforms, open finance framework and roadmap, and on the expected regulations in the area sustainable finance.

    January 16, 2022 WebPage Regulatory News
    News

    US Agencies Issue Regulatory Updates, FDIC Launches Tech Sprint

    The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.

    January 13, 2022 WebPage Regulatory News
    News

    EBA Issues Guide on Bank Resolvability, Consults on Transferability

    The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).

    January 13, 2022 WebPage Regulatory News
    News

    MFSA Publishes CRD5 Updates and Supervisory Priorities for 2022

    The Malta Financial Services Authority (MFSA) updated the guidelines on supervisory reporting requirements under the reporting framework 3.0.

    January 13, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 7875