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John Kiff

AFME provides an action plan for European tokenization - 0 views

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    The Association for Financial Markets in Europe (AFME) published a report on its recommendations for supporting the development of capital markets and increased access to finance through new technologies. It outlines a series of priorities, including tokenization and digital assets, where it calls for loosening legal requirements that require central securities depositories (CSDs) which aren't always necessary for distributed ledger technology (DLT) based settlement platforms. Additionally, AFME would like to see legal clarification relating to the Settlement Finality Directive around probabilistic settlement on public blockchains. https://www.afme.eu/Portals/0/DispatchFeaturedImages/AFME_Digital%20Finance%20in%20the%20EU.pdf
John Kiff

AFME publishes 14 industry recommendations for supporting the adoption of public cloud ... - 0 views

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    The Association for Financial Markets in Europe (AFME) has released a new paper which highlights the minimal use of the cloud among capital markets firms - with over two-thirds of AFME members questioned estimating that only 1 - 10% of their bank's current workload was using some level of public cloud.
John Kiff

DeFi - Principles for building a robust digital economy - 0 views

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    The Association for Financial Markets in Europe (AFME) published a paper on decentralized finance (DeFi), including the impact of policy and emerging regulatory proposals within Europe on DeFi regulation and its intersection with capital markets. It calls for further research and global cooperation to determine the appropriate, proportionate, and comprehensive regulatory solutions for the unique challenges posed by DeFi. In that regard, it is crucial to leverage existing processes and frameworks to create a holistic regulatory perimeter.
John Kiff

Use of DLT and tokenization in financial markets - 0 views

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    The Association for Financial Markets in Europe (AFME) published a response to a call for submissions from the European Commission (EC) Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) on any issues and opportunities relating to the deployment of DLT based infrastructure and services in the European Union (EU) that may merit the EC's attention. AFME's overarching view is that a transformative potential of DLT is that can enable companies and individuals to access a shared, peer-validated database as a single-source-of-truth, without the need to centralize data and transaction processing with a single actor. This increases accessibility by participants, data security and immutability, and data transparency in the real economy. Innovation in finance plays a key role in this vision, which will only begin in earnest with the updating of capital markets infrastructure.
John Kiff

The Adoption of Public Cloud Computing in Capital Markets - 0 views

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    The Association for Financial Markets in Europe has released a new paper which highlights the minimal use of the cloud among capital markets firms - with over two-thirds of AFME members questioned estimating that only 1 - 10% of their bank's current workload was using some level of public cloud.
John Kiff

AFME calls for greater supervisory convergence in European crypto-asset regulation - 0 views

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    The Association for Financial Markets in Europe has published a paper setting out five recommendations to deliver supervisory convergence on the regulation of crypto-assets in Europe.
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