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ARTICLE · 24 FEBRUARY 2022

FinTech Global Regulatory Round-up – w/e 18 February 2022

Herbert Smith Freehills Kramer LLP
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In this regular update, we round-up FinTech-related regulatory developments for the week ending 18 February 2022.

GlobalTechnology
Herbert Smith Freehills
Herbert Smith Freehills

In this regular update, we round-up FinTech-related regulatory developments for the week ending 18 February 2022.

 

Global

FSB: Letter to G20 leaders 

The Financial Stability Board (FSB) has published a letter from the Chair, Klaas Knot, to G20 leaders ahead of their February 2022 summit. The letter highlights:

  • the current challenges of promoting global financial resilience during the transition to a post-pandemic world;
  • the need to address vulnerabilities associated with digital innovation and innovative forms of finance; and
  • financial risks from climate change.

With particular regard to digitalisation, the letter notes: the importance of technology in the ongoing work being undertaken by the FSB in collaboration with other international standard setters to enhance cross border payments; the FSB's intention to continue to focus on crypto-assets and DeFi through 2022; and, including in the context of cyber, the FSB's continuing focus on

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