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A Boost for UK Financial Services | Shearman & Sterling LLP

The U.K.’s newest Financial Services and Markets Act of 2023 (“FSM Act”) received Royal Assent on 29 June 2023. Certain parts came into force on its passing, others will come into.

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UK Financial Services and Markets Bill 2022 | Shearman & Sterling LLP

UK Financial Services and Markets Bill 2022 | Shearman & Sterling LLP
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UK Government Consults on Managing Systemic Stablecoin Firm Failures | Shearman & Sterling LLP

HM Treasury has opened a consultation on managing the failure of systemic digital settlement asset firms, including stablecoin firms. In April 2022, the U.K. government confirmed that.

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UK Treasury Opens Consultation into Proposed Insolvency Regime to Manage Failure of Stablecoin Firms | Cadwalader, Wickersham & Taft LLP

On May 31, 2022, the UK Treasury announced a consultation on the government’s proposals to manage the failure of systemic digital settlement asset (“DSA”) (including stablecoin) firms.

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