Virginia Phillips Montgomery

1 month ago | law360.com | James Black |Virginia Phillips Montgomery |Erin Davies

By James Black, Virginia Montgomery and Erin Davies ( February 28, 2025, 2:34 PM GMT) -- On Jan. 14, the Bank of England published a design note[1] outlining its current thinking relating to the design of a digital pound, and a progress update summarizing its work on developing a retail central bank digital currency in 2024.[2]... Law360 is on it, so you are, too.

Dec 24, 2024 | jdsupra.com | Virginia Phillips Montgomery

Chapter 3 - Market DevelopmentsUnited States: Proof-of-concept for regulated settlement networkOn 5 December 2024, the Securities Industry and Financial Markets Association (SIFMA) set out its findings from its Regulated Settlement Network (RSN) proof-of-concept in which it explored the capability of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for domestic users of U.S. dollars and regulated securities.

Oct 31, 2024 | jdsupra.com | Charles Elliott |Virginia Phillips Montgomery

October 31, 2024 To embed, copy and paste the code into your website or blog: [co-author: Erin Davies] Key developments of interest over the last month include: the UK FCA publishing a consultation on two-stage reforms to the payments and e-money safeguarding regime; the U.S. Consumer Financial Protection Bureau announcing a Personal Financial Data Rights rule to accelerate responsible open banking; and the Monetary Authority of Singapore consulting on its regulatory approach to digital token...

Oct 11, 2024 | jdsupra.com | Virginia Phillips Montgomery

October 11, 2024 To embed, copy and paste the code into your website or blog: With the new mandatory reimbursement requirements for Faster Payments and CHAPS now in force, we provide a quick reference guide to the key publications to date. As in-scope payment service providers (PSPs) move into the operational phase of the new regime, we start off by setting out some suggested priority areas of focus.

Oct 10, 2024 | lexology.com | Virginia Phillips Montgomery

With the new mandatory reimbursement requirements for Faster Payments and CHAPS now in force, we provide a quick reference guide to the key publications to date. As in-scope payment service providers (PSPs) move into the operational phase of the new regime, we start off by setting out some suggested priority areas of focus.