September 29, 2020

Volume X, Number 273

September 29, 2020

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September 28, 2020

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A Spoonful of Sugar Helps With Regulation Financial Stability Board (FSB) Consultation on Global Stablecoins

In Mary Poppins the magical nanny tells the children in her charge that “a spoonful of sugar helps the medicine go down.” In the spirit of helping the medicine of regulation go down, the FSB has published for consultation [1] 10 high-level recommendations to address the regulation of global stablecoins. The FSB noted stablecoins “have the potential to enhance the efficiency of the provision of financial services, but may also generate risks to financial stability.” The FSB’s recommendations call for regulation, supervision and oversight that takes into account the evolution of global stablecoins.

The consultation paper represents an important opportunity for FinTech firms, regulators, governments officials, and academics to comment on the proper regulation of stanlecoins. The public consultation period closes on Wednesday July 15, 2020. The final recommendations will be published in October 2020.

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[1] Addressing the regulatory, supervisory and oversight challenges raised by “global stablecoin” arrangements

© Polsinelli PC, Polsinelli LLP in CaliforniaNational Law Review, Volume X, Number 111

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About this Author

Shareholder

Richard Levin brings his experience as a senior legal and compliance officer on Wall Street and in London to bear in advising clients on corporate, securities and regulatory issues. A problem-solver by nature, his practice focuses on helping financial services and technology (FinTech) clients identify and address regulatory issues as they build their businesses.  

The FinTech sector is experiencing rapid changes that are producing innovative new technologies: digital currencies, blockchain technology, peer to peer lending, robo advisors, crowdfunding portals, and...

303.583.8261
Peter Waltz, Polsinelli Law Firm, Denver, Corporate and Finance Law Attorney
Counsel

Peter Waltz is dedicated to helping clients achieve their objectives by employing a comprehensive, interdisciplinary approach to their legal and business challenges. He advises companies in all phases of the business cycle and provides ongoing advice and counsel on day-to-day operational, business, and legal issues. This focus includes the preparation and negotiation of documents related to entity selection and formation, corporate structure, corporate governance, and commercial contract matters. Peter advises a variety of clients with their business transactions, capital raising transactions, and general corporate matters.

Peter’s broad corporate and corporate finance practice includes advising clients with respect to mergers and acquisitions, securities offerings, periodic reporting under the federal securities laws, and other aspects of securities regulation and general corporate counseling. He is regularly involved in structuring, negotiating, and closing asset and equity acquisitions and sales, mergers, and a broad range of strategic transactions.

Further, Peter has significant experience in advising clients regarding transactions, compliance with periodic reporting, and other disclosure requirements under the federal securities laws. Peter advises public and private clients, closely held businesses, and advises clients with shareholder disputes. His experience extends across a wide range of industries, including the health care, financial services, professional services, information technology, and food industries.
 

303-583-8254
Robert Wenner, Polsinelli Law Firm, Denver, Corporate Law Attorney
Associate

As an associate in the Corporate and Transactional practice, clients rely on Bobby Wenner to work with Polsinelli’s team of attorneys to analyze each transaction matter to develop a strategic approach to representation based on the client’s immediate and long-term business and operational goals.

Working closely with seasoned Polsinelli attorneys in the Corporate and Transactional practice, Bobby helps to deliver a range of legal services during the life cycle of the client’s business - from selecting the appropriate choice of entity through to...

303-583-8262