What we think

Executive Summary October 2025 marked a material shift in the regulatory landscape for the crypto-asset industry, moving from high-level principles to binding technical implementation. The fragmented, principles-based guidance of the past has been supplanted by a wave of detailed, binding Regulatory Technical Standards (RTS), supervisory Q&As, and thematic reports. This transition fundamentally alters the operational, prudential, and economic landscape for Crypto-Asset Servic

Executive Summary 2026 marks a pivotal year for EU Crypto-Asset Service Providers (CASPs), marking the culmination of a multi-year effort to establish comprehensive regulation for digital assets. The transitional “grandfathering” period under MiCA, as per Article 143(3), ends on July 1, 2026, removing legacy buffers and implementing a uniform licensing and conduct system across the Union. Meanwhile, the Digital Operational Resilience Act (DORA), which has been effective since

Executive Summary 2025 marks a pivotal shift for digital assets and financial markets, moving from regulatory development to strict...

Executive Summary The first half of 2025 represents a pivotal inflexion point for the digital asset sector, characterised by a structural...

Global Regulatory Developments: July Executive Summary July marked a period of intense regulatory activity across the globe,...

Executive Summary June 2025 marked a period of significant progress in establishing detailed regulatory frameworks for digital assets...

Global efforts to establish clear regulatory frameworks for digital assets gained significant momentum in May, with a concentrated focus...

March 2025 witnessed significant regulatory advancements in the global financial sector, particularly concerning digital finance. Key...

There was significant regulatory activity in December 2024. Globally, on establishing comprehensive frameworks for digital assets,...

The European Banking Authority (EBA) has released its work program for 2025, signalling a significant shift in the regulatory landscape...

The European Securities and Markets Authority (ESMA) has unveiled its 2025 work program, setting a demanding agenda for financial firms...

The European Securities and Markets Authority (ESMA) has set an ambitious agenda for 2025, with significant implications for investment...

The European Securities and Markets Authority (ESMA) has set an ambitious agenda for 2025, with a work program that covers a wide range...

The digital landscape underwent significant changes in 2024 as regulators worldwide tightened their control over the industry. Every...

The financial services landscape is grappling with various operational challenges, from cyberattacks and third-party failures to the...

A recent system crash experienced by CrowdStrike's Falcon sensor, as detailed in their technical root cause analysis, serves as a stark...

The financial landscape is rapidly transforming, driven by technological advancements and evolving market dynamics. In July 2024, several...

The European Banking Authority (EBA) has unveiled its 2025 supervisory priorities, emphasising the significance of the Digital...

The Digital Operational Resilience Act (DORA) is not only about protecting your digital infrastructure; it's also about strengthening...

The Digital Operational Resilience Act (DORA) sets a new standard for cyber resilience in the EU's financial sector. One of its most...