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Aug 20, 2024 | 
jdsupra.com | Virginia Phillips Montgomery |Lavan Thasarathakumar |Christina Wu
August 20, 2024
Virginia Montgomery, Lavan Thasarathakumar, Christina Wu, Grace Wyatt
Hogan Lovells
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[co-author: Dan Park]On 30 July 2024, the Bank of England (BoE) published a discussion paper setting out its approach to innovations in money and payments (Discussion Paper).
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Aug 19, 2024 | 
lexology.com | Grace B.A. Wyatt |Dan Park |Christina Wu |Lavan Thasarathakumar |Virginia Phillips Montgomery
On 30 July 2024, the Bank of England (BoE) published a discussion paper setting out its approach to innovations in money and payments (Discussion Paper). In the Discussion Paper, the BoE sets out its current view on innovations in the payments industry, providing insight into its thoughts on DLT, tokenised deposits and stablecoins. The BoE takes a very cautious view of the development of private money for the wholesale use case, citing threats to financial stability and the singleness of money.
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Jul 11, 2024 | 
jdsupra.com | Lavan Thasarathakumar |Michael Thomas |Christina Wu
On 9 July 2024, following the general election which saw the Labour Party being returned to government for the first time in 14 years, Tulip Siddiq MP was confirmed as the new Economic Secretary to the Treasury (EST). As part of this role, she will be responsible for leading the government’s vision on financial services policy.
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Jun 24, 2024 | 
jdsupra.com | Lavan Thasarathakumar
We take a look at what impact these elections will have on different sectors over the next mandate. The notion of competitiveness of the EU financial services sector will take a leading role in the next mandate and files originating from the Commission are likely to reflect this.
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Jun 24, 2024 | 
jdsupra.com | Lavan Thasarathakumar
As ballot boxes close and the final votes are being counted, we have begun to see what the composition of the 2024-2029 European Parliament might look like. Whilst over the coming weeks parties will be swapping groups and a number of the non-aligned MEPs will attach themselves to political groups, as predicted, the European Parliament has taken a shift to the right. The impact of this election goes beyond the Parliament and will likely play a hand in the selection of the new Commission President.
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Feb 2, 2024 | 
jdsupra.com | Virginia Phillips Montgomery |John Salmon |Lavan Thasarathakumar
February 2, 2024 Virginia Montgomery, John Salmon, Lavan Thasarathakumar, Christina Wu Hogan Lovells + Follow x Following x Following - Unfollow Contact To embed, copy and paste the code into your website or blog: On 25 January 2024, the Bank of England and the UK Government (through HM Treasury) published a response to the consultation (the “Consultation Response”) that was launched last year on a UK retail central bank digital currency, i.e. a digital pound issued by the Bank of England....
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Feb 1, 2024 | 
lexology.com | John Salmon |Lavan Thasarathakumar |Christina Wu |Virginia Phillips Montgomery
On 25 January 2024, the Bank of England and the UK Government (through HM Treasury) published a response to the consultation (the “Consultation Response”) that was launched last year on a UK retail central bank digital currency, i.e. a digital pound issued by the Bank of England.
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Nov 16, 2023 | 
jdsupra.com | Virginia Phillips Montgomery |John Salmon |Lavan Thasarathakumar
As mentioned in HM Treasury’s October 2023 policy update on plans for regulating stablecoins, the Bank of England (Bank) has published a discussion paper providing more details on its proposed regulatory regime for systemic payment systems using stablecoins and related service providers.
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Oct 31, 2023 | 
jdsupra.com | John Salmon |Lavan Thasarathakumar |Christina Wu
October 31, 2023 John Salmon, Lavan Thasarathakumar, Christina Wu Hogan Lovells + Follow x Following x Following - Unfollow Contact To embed, copy and paste the code into your website or blog: On 30 October 2023, the UK government published its response to the consultation and call for evidence on the future financial services regulatory regime for cryptoassets, whereby HM Treasury has confirmed its final proposals, including its intention to bring a number of cryptoasset activities into the...
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Jun 30, 2023 | 
jdsupra.com | Virginia Phillips Montgomery |Lavan Thasarathakumar
June 30, 2023
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As part of the European Commission’s 2020 Retail Payments Strategy and following its 2022 review of PSD2 and related consultations, it has published legislative proposals to improve the functioning of PSD2.
