EU proposes first set of rules for crypto assets

The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector. The measures suggested within the EU's digital finance strategy include cryptocurrencies not presently included in general regulation as well as a [...]

EU proposes first set of rules for crypto assets2020-09-29T11:14:42+00:00

The future: Facebook as the world’s biggest payments provider?

There have been rumors that Facebook is creating its own digital coin in reaction to the $1.7 billion investment fund Telegram raised for its own cryptocurrency project. Together with Messenger, Whatsapp and Instagram, Facebook’s reach amounts to a total of 2.7 billion users. If Facebook decides to create its own digital coin and payments environment, [...]

The future: Facebook as the world’s biggest payments provider?2019-03-26T14:52:11+00:00

New Adyen service is going to innovate and simplify the payment process for consumers and merchants

Adyen has launched a new alternative service for card transactions under the Payment Service Directive (PSD2). Similar to the current process, the offering requires banks to create APIs for approved third parties in order to initiate payments on the consumer’s side. The platform’s latest service is going to launch in the UK, while there is [...]

New Adyen service is going to innovate and simplify the payment process for consumers and merchants2019-03-11T10:58:59+00:00

Dutch Financial Authorities are planning to license a crypto scheme for exchanges

In order to prevent money laundering and terrorism financing, Dutch Financial Authorities have decided to plan a licensing scheme for crypto exchanges. This decision stems from a report that was published by the nation’s central bank, De Nederlandsche Bank (DNB), and the AFM which is the Dutch Authority for the Financial Markets. The report concludes [...]

Dutch Financial Authorities are planning to license a crypto scheme for exchanges2019-02-25T13:31:10+00:00

Market risk capital framework and Basel Committee work programme finalised by Governors and Heads of Supervision

On Monday January 14th, 2019 the Group Central Bank Governors and Heads of Superivison (GHOS) have endorsed a couple of revisions to the market risk framework and the Committee’s strategic priorities and work programme for 2019. Revisions to the market risk framework The revisions apply to the design and calibration of the market risk framework. [...]

Market risk capital framework and Basel Committee work programme finalised by Governors and Heads of Supervision2019-01-29T13:07:42+00:00

SWIFT releases white paper on transformed payments landscape

On October 17th, 2018, the global provider of secure financial messaging services (SWIFT) has published a white paper on the evolution of the European payments landscape. The paper discusses how change in wholesale and retail payments across the world is on its way and that it has set a clear path for financial market infrastructure renewal [...]

SWIFT releases white paper on transformed payments landscape2018-10-30T12:58:44+00:00

EBA publishes final guidance to strengthen the Pillar 2 framework

On July 19th, 2018 the European Banking Authority (EBA) has published its final revised Guidelines which aim to further enhance institutions’ supervisory review and examination process (SREP). The Guidelines focus on stress testing which will be used in setting Pillar 2 capital guidance (P2G), as well as interest rate risk in the banking book (IRRRBB). [...]

EBA publishes final guidance to strengthen the Pillar 2 framework2018-07-27T12:55:35+00:00

European countries join Blockchain Partnership

On 10 April 2018, 22 member states of the European Union signed a Declaration on the establishment of an European Blockchain Partnership. The Partnership will contribute to the creation of an enabling environment and should ensure that Europe continues to play a leading role in the development and roll-out of blockchain technologies. For more information [...]

European countries join Blockchain Partnership2018-04-17T13:34:09+00:00

An assessment of Digital Euro

Central Banks are assessing the possibility to release National Digital Currencies that could potentially substitute cash. This idea will allow Central Banks to have absolute control of all the money supplies. On top of that, they will compete with Commercial Banks for deposit accounts. An important technology that can contribute to this development is Blockchain. [...]

An assessment of Digital Euro2018-04-06T12:52:43+00:00

The European Commission launches the EU Blockchain Observatory and Forum

On February 1st 2018, the European Commission and the European Parliament launched the EU Blockchain Observatory and Forum. The aim of the Blockchain Observatory and Forum is to provide insight in key developments of the Blockchain, to promote European actors and to reinforce European engagement with stakeholders that are involved with Blockchain initiatives. The official [...]

The European Commission launches the EU Blockchain Observatory and Forum2018-02-12T12:56:51+00:00