Publications

From a popular buzzword to a revolutionary technology that is ought to redefine an array of operational and business processes, especially within the financial service industry. Undeniably, the investment services sector is a segment of the financial industry which could benefit greatly from the implementation of this distributed ledger technology. Blockchain technology usage is likely to result in reduced operational expenses, as well as the elimination of redundant and time-consuming functions

Payment structures are based on messages and rely on exchange of files between several counterparts. The general cross-border non-euro payment lifecycle involves several steps and parties to complete payments, delays which can be countered by Blockchain. The distributed ledger makes it possible to connect all involved parties in a financial trade in real time for the faster processing of payment all while maintaining an audit trail, vital in combatting fraudulent measures and security breaches.

Blockchain, or the ‘new internet’ as it is being referred to, is a driving force of change for business across multiple sectors, especially for financial services. As it transforms the financial services industry and is constantly creating opportunities for both new and established players, it has also has the potential to push forward faster, cheaper, safer and more transparent financial transactions.

Many argue that Blockchain is the biggest invention since the internet. Indeed, this revolutionary technology, apart from being one of the most intriguing innovations currently on the market, is a secure and reliable distributed ledger technology. It is commonly referred to as a ‘digitized trust’ and operates on a peer-to-peer network. It is to be validated without the need for an intermediary and, in turn, this ensures traceability as well as transparency – a relevant solution, due to society’s

The Crypto-currency race is on! This article provides a comparative overview of jurisdictions which are taking steps towards regulating cryptocurrencies, ICOs and blockchain businesses.

The Government has unveiled a consultation document which sets out the regulatory framework for the creation of the Malta Digital Innovation Authority (MDIA), the regulation of Technological Arrangements (i.e DLT-Platforms and smart contracts) and their service providers, and thirdly, it provides a draft regulatory framework for ICOs and the provision of services in relation to Virtual Currencies.

MFSA has issued Supplementary Conditions for PIFs investing in VCs to ensure investor protection and market integrity, as well as the soundness of Collective Investment Schemes which invest in VCs. The Conditions require that involved parties are competent in the industry, that adequate risk warnings are included and quality assessments are carried out on the soundness of the VC. The manager of the Scheme will also need to undertake a risk and liquidity management exercise.

MGA repeals parts of the Remote Gaming Regulations regulating the payment of licence fees making way for the New Gaming Licence Fees Regulations

The EU has set up a new framework for Securitisation. The article explored the EU and Maltese Securitisation Markets and Opportunities for Further Growth