Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- AML (1)
- Attorney General (1)
- Basel Committee (1)
- Basel Committee on Banking Supervision (1)
- Blockchain (1)
-
- Board of Governors of the Federal Reserve System (1)
- CFT (1)
- CMA (1)
- Competition and Markets Authority (1)
- Credit transactions (1)
- Crypto (1)
- DOJ (1)
- DeFi (1)
- Decentralized distributed digital ledgers (1)
- Department of Justice (1)
- Digital assets (1)
- Ensuring Responsible Development of Digital Assets (1)
- FDIC (1)
- FTX (1)
- Federal Deposit Insurance Corporation (1)
- Federal Reserve (1)
- Financial instruments (1)
- Financial security (1)
- First Ever Comprehensive Framework for Responsible Development of Digital Assets (1)
- Money Laundering (1)
- OCC (1)
- Office of the Comptroller of the Currency (1)
- Open banking (1)
- Peer-to-peer transactions (1)
- Silvergate (1)
Articles 1 - 4 of 4
Full-Text Articles in Law
Money Talks: Implementing Open Banking In The United States, Hailey Marie Petit
Money Talks: Implementing Open Banking In The United States, Hailey Marie Petit
Arkansas Law Review
An open banking system exists when a third-party financial service provider has access to consumer financial information. What if the United States could be on the forefront of the next banking industry change? A well implemented system would mean a new, accessible way to make a transaction. This Comment will explore how the United States can implement an open banking system. First, this Comment defines open banking against the backdrop of the traditional transaction model. Next, this Comment describes the United Kingdom’s adoption of open banking, focusing on the benefits and detriments created by its adoption. Third, this Comment describes …
Wanted: A Prudential Framework For Crypto Assets, Lee Reiners, Sangita Gazi
Wanted: A Prudential Framework For Crypto Assets, Lee Reiners, Sangita Gazi
Arkansas Law Review
This Article summarizes the limited publicly available data on banks’ exposure to crypto assets and offers several specific examples of how U.S. banks engage in crypto-related businesses. It then examines past guidance issued by U.S. bank regulators and explains why this guidance lacks sufficient detail to clarify the prudential requirements associated with the various crypto-related activities in which banks are engaged. The Article then assesses the adequacy of the Basel Committee on Banking Supervision’s final prudential standard for crypto-asset exposures, issued in December 2022, and finds that the measure fails to adequately address the unique risks various crypto-asset activities pose …
Just Because They Say It: Does The U.S. Really Have The “First-Ever Comprehensive Framework” For Digital Assets?, Carol R. Goforth
Just Because They Say It: Does The U.S. Really Have The “First-Ever Comprehensive Framework” For Digital Assets?, Carol R. Goforth
Arkansas Law Review
On March 9, 2022, President Biden made history by signing an Executive Order on Ensuring Responsible Development of Digital Assets. On September 16, 2022, the White House released a fact sheet proclaiming that it had produced the “First Ever Comprehensive Framework for Responsible Development of Digital Assets,” based on nine reports stemming from the Executive Order. This Article is divided into two main parts. Part one reviews the reports received by the White House, explaining what they address while pointing out open issues for which no particular direction is established. Part two assesses regulatory gaps in the crypto space in …
Keynote Address By Cftc Commissioner Kristin Johnson, Kristin N. Johnson
Keynote Address By Cftc Commissioner Kristin Johnson, Kristin N. Johnson
Arkansas Law Review
Today, our markets are witnessing a transformative moment marked by exceptional, rapidly evolving innovation. To better understand this transformation, we might inquire about the nature of these novel financial instruments, intermediaries, and the underlying technologies that fuel an ever-expanding adoption. Thinking critically about these issues may inform our understanding of the intermediaries or lack thereof, and financial products that characterize this moment in the history and evolution of financial markets.