Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 07 FEBRUARY 2025

A Giant Leap Into The New Financial World

GTG Legal
GTG Legal
Contributor
GTG Legal

GTG Legal

Since its founding in 1997, GTG has been at the forefront of Malta’s legal profession, blending...

View firm profile
Explore more from GTG Legal

In 1887, Edward Bellamy's book Looking Backward offered a vision of a utopian society transformed by cooperation and technological progress.

MaltaFinance and Banking
Ian Gauci
Ian Gauci

open finance - eIDAS 2 wallet - open banking

In 1887, Edward Bellamy's book Looking Backward offered a vision of a utopian society transformed by cooperation and technological progress. His protagonist, Julian West, awakens in a world where a streamlined system of fairness and accessibility has replaced the inefficiencies of industrial capitalism.

As a physical and divisive entity, money has vanished, replaced by an equitable mechanism of exchange that fosters universal participation. Bellamy's dream was bold, almost fantastical – a world where technology served humanity, not the other way around.

Fast forward to today, and Bellamy's vision feels less like fiction and more like prophecy. We stand on the brink of a financial revolution that promises to reshape how we interact with money and how we define fairness, accessibility, and empowerment.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Publication Of Commission Delegated Regulation Implementing Key Prospectus Reforms Under The EU Listing Act

The European Commission has published new delegated regulations amending the EU prospectus disclosure regime, introducing streamlined content requirements and standardized formats for various categories of prospectuses. These reforms, part of the broader EU Listing Act package, aim to reduce regulatory burdens for issuers while maintaining investor protection, with key changes including reduced historical financial information requirements and simplified disclosure obligations.
European UnionFinance and Banking
Ganado Advocates
Ganado Advocates
Article

CRD VI And Cross-Border Lending: What Third-Country Credit Institutions Need To Know

The European Union's Sixth Capital Requirements Directive introduces a groundbreaking EU-wide framework requiring third-country credit institutions to establish authorised branches when providing core banking services within the EU. This new regime, effective January 2027, replaces the previous patchwork of national rules with harmonised supervisory standards, though several exemptions and transitional protections apply to existing arrangements.
MaltaFinance and Banking
Camilleri Preziosi
Camilleri Preziosi
Article

AIFMD II Opens The Door To Loan Origination Funds In Malta

With AIFMD II now transposed into Maltese law, fund promoters, asset managers and family offices have access to new regulatory pathways for establishing loan origination and private credit vehicles in Malta. The revised framework expressly permits corporate lending by Alternative Investment Funds, while the updated NAIF regime brings loan origination within scope, opening doors to EU-wide distribution through the AIFMD marketing passport.
MaltaFinance and Banking
Finance Malta
Finance Malta
Article

EBA Publishes The Final Guidelines On The Sound Management Of Third-party Risk Regarding Non-ICT Services

The European Banking Authority has issued comprehensive guidelines addressing how financial institutions must manage risks associated with third-party service providers for non-ICT services. These new requirements expand beyond previous outsourcing frameworks, introducing broader applicability and more detailed governance standards for critical and important functions.
European UnionFinance and Banking
Ganado Advocates
Ganado Advocates