The following represents a carefully curated selection of our recent Thought Leadership contributions:

Ukraine: New Currency Law and Regulatory Framework Effective as of 07 February 2019

The revolutionary Currency Law in the Ukraine which liberalizes the currency control legislative framework in Ukraine becomes effective from 7 February 2019. This Client Alert assesses the situation and discusses the new regulations of the National Bank of Ukraine which come into force concurrently with the law.

ESA’s Joint Report on Regulatory Sandboxes

This Client Alert assess the ESA’s Joint Report as the most definitive policymaking recommendation to date and a clear call to create a harmonized and EU-wide framework for regulatory sandboxes and innovation hubs.

ESMA Advice on ICOs and Crypto-Assets

This Client Alert assesses some of the key impacts stemming from ESMA’s January 2019 Advice and what this might mean for the future regulatory perimeter.

Consilium Agrees Position on IFR and IFD

This Client Alert provides an overview of the Consilium’s tabled changes and how the 6,000+ firms affected by the IFD and IFR, notably those that provide “bank-like” activity will be regulated for prudential capital purposes.

SRB’s 2018 MREL Policy

Resolvability and MREL remain a key supervisory priority during 2019 and an operational challenge for some. This Client Alert assesses the key messages from the SRB’s 2018 MREL Policy, which updated the 2017 approach along with related developments affecting the issuers and investors of existing and future MREL-eligible financial instruments.

New AML Powers for ESAs and ECB AML Office

The amount of very public shortcomings in AML compliance has prompted the EU to not only expand its rules in rapid-secession from MLD 4 to 6 but also to put in place an AML Action Plan. This Client Alert summarizes the outcome.

New Cyber-resilience Oversight Expectations

This Client Alertassesses the ECB’s Cyber-Resilience Oversight Expectations’ requirements and the ECB’s expectations of FMIs as well as Banking Union Supervised Institutions (BUSIs) that face FMIs who may need to document cyber-resilience compliance in considerably more depth or to whom the ECB, in its SSM role, may address similar expectations.

ESMA and EBA publish supervisory policy statements on crypto-assets

ThisClient Alert assesses the key policy recommendations that the EBA and ESMA have now presented  back to the European Commission urging them to implement a comprehensive regulatory framework.