How Will Regulators React to the Rise of Cryptocurrency with Barney Reynolds #6

06/14/22 • 28 min

Digital assets and cryptocurrency is a growing phenomenon, for which current regulatory standards aren’t yet fully tailored. So what risks should we be aware of with these assets?

We pick through NFTs, stablecoins and digital assets with Barney Reynolds, Partner at Shearman & Sterling LLP, breaking down the volatility we’re currently seeing, and how soon we might expect the Treasury and FCA to share their approach.

This episode of The VERMEG podcast covers:

How the UK’s regulators are likely to become thought leaders in handling and regulating digital assets
Whether the approach to cryptocurrency will be more akin to a currency or a financial investment
The transparency necessary to avoid crypto becoming the instigator of another 2008-style financial crisis
A potential timescale on which we’ll see regulators respond with an implementation timeline

VERMEG: https://www.linkedin.com/company/vermeg/

Jawad Akhtar: https://www.linkedin.com/in/jawad-akhtar-313562b/
Barney Reynolds: https://www.linkedin.com/in/barnabas-reynolds-financiallawyerlondon/

Shearman & Sterling LLP: https://www.linkedin.com/company/shearman-&-sterling-llp/

Digital assets and cryptocurrency is a growing phenomenon, for which current regulatory standards aren’t yet fully tailored. So what risks should we be aware of with these assets?

This episode of The VERMEG podcast covers:

How the UK’s regulators are likely to become thought leaders in handling and regulating digital assets
Whether the approach to cryptocurrency will be more akin to a currency or a financial investment
The transparency necessary to avoid crypto becoming the instigator of another 2008-style financial crisis
A potential timescale on which we’ll see regulators respond with an implementation timeline

VERMEG: https://www.linkedin.com/company/vermeg/

Jawad Akhtar: https://www.linkedin.com/in/jawad-akhtar-313562b/
Barney Reynolds: https://www.linkedin.com/in/barnabas-reynolds-financiallawyerlondon/

Shearman & Sterling LLP: https://www.linkedin.com/company/shearman-&-sterling-llp/

Previous Episode

Prepare for the Implementation of ECMS with VERMEG’s Ferdinand Peelen #5

With the introduction to ECMS in late-2023, it’s high time to consider whether you’re ready for the new, unified approach to managing collateral assets.

If you need to brush up on what to expect from these changes, and what you can do to best prepare, Ferdinand Peelen is here on FinTalk to break down the system, who’s affected, and how to be ready for its introduction.

Ferdinand talks us through VERMEG’s proud involvement in creating the ECMS system, and the tools we’ve created to assist firms looking for a solution to comply with the new regulations.

This episode of The VERMEG podcast covers:

Implications of the ECMS implementation
Who is potentially affected by the introduction of ECMS, and to what extent
How VERMEG’s ‘EASY Collateral’ is built to tackle the regulation changes
A timeline for where you should be on the path to adapting your systems

VERMEG: https://www.linkedin.com/company/vermeg/

Jawad Akhtar: https://www.linkedin.com/in/jawad-akhtar-313562b/

Ferdinand Peelen: https://www.linkedin.com/in/ferdinandpeelen/

Next Episode

Technology’s Role in the Future of Collateral Management with Director Product Strategy at VERMEG, Wassel Dammak #7

Collateral optimisation is set to be a hot topic for the years to come, with a newfound focus on automation and efficiency. This makes the mastery of your systems and processes absolutely vital.

VERMEG’s Wassel Dammak brings us a look into the tools and methods through which this can be achieved, bringing COLLINE, machine learning and artificial intelligence to the forefront of the conversation.

This episode of The VERMEG podcast covers:

How collateral optimisation can enable automation and efficiency by pledging the optimal collateral
Considerations around constraints, be they legal, operational, or business constraints
COLLINE’s email extractor, and how machine learning/artificial intelligence can help streamline processes
Horizon scanning, and where technology will solve impending challenges