Authors:
Christina Scicluna
Published on May 30, 2019
Tags: AI, Artificial Intelligence
Practices:
Fintech & Blockchain
AI technology is to be developed in a way that places people at its centre.
Authors:
Leonard Bonello, James Debono
Published on May 20, 2019
Tags: Banking, Fintech
Practices:
Fintech & Blockchain, Banking Regulatory
Issue no.3 of the Banking & Fintech Newsletter is now available.
Authors:
Nicholas Curmi
Published on May 14, 2019
Tags: securitisation, Structured Finance
Practices:
Secured Financing
This contribution was published in Practical Law Global Guide and last updated in April 2019.
Authors:
James Debono
Published on May 8, 2019
Tags: GDPR, Payments Services Directive, PSD II
Practices:
Banking Regulatory
Last year the EU heralded two new laws which rattled the regulatory waters and legal landscapes of a number of EU Member States, while generating significant press coverage across the globe. Initially, the revised Payments Services Directive (Directive 2015/2366 or PSD II) came into force in January, which was then followed by the general data protection regulation (Regulation 2016/679 or GDPR) which kicked into force around the end of May.
Authors:
James Debono
Published on May 3, 2019
Tags: Banking, CJEU, Payment Services Directive, PSD
Practices:
E-Money & Payment Services
In October last year, the European Court of Justice (CJEU or the Court) hammered home the circumstances under which an online savings account can be excluded from the definition of the ‘payment account’ under the Directive 2007/64 (Payment Services Directive or PSDI), thereby rendering the latter inapplicable. Case C-191/17, Bundeskammer für Arbeiter und Angestellte v ING-DiBa Direktbank Austria Niederlassung der ING-DiBa AG, was the first occasion wherein the Court had to:
Authors:
Max Ganado
Published on April 24, 2019
Tags: Blockchain, Distributed Ledger Technology (DLT), legal personality, Smart Contracts
Practices:
Fintech & Blockchain
Dr. Max Ganado's interview in the March issue of BLOCK magazine in which he discusses the recent government proposal to grant legal personality to technology arrangements such as DLT and smart contracts.
Authors:
Max Ganado
Published on April 24, 2019
Tags: Blockchain, Compliance, VFA Service Providers
While we live in an age of exponential technological innovation, true black-swan breakthroughs are still rare. Most of our technological development is either incremental, or developing along predictable lines. But blockchain is one of those rare breakthroughs that are as innovative as they are unexpected, as timely as they are revolutionary.
Authors:
Max Ganado
Published on April 16, 2019
Tags: anti-money laundering, Blockchain
Practices:
Fintech & Blockchain
Co-authored with Patrick Young
This is a time of unprecedented reputational risk in financial markets. From a relatively niche activity, anti-money laundering has become a massive focal point throughout the financial system. Malta is not alone in facing the issues of how to deal with AML and the process of Knowing Your Client, albeit often the lens appears acutely focused on our islands.
Authors:
Christina Scicluna
Published on April 16, 2019
Tags: Fintech, Smart Contracts
Practices:
Fintech & Blockchain
Blockchain technology has developed and matured during the last five years and is continuing to develop to extend beyond cryptocurrency applications, which today still remains one of the largest and widely recognised application of blockchain.
Authors:
Max Ganado
Published on April 15, 2019
Tags: Justice system - Malta
The need to split the Attorney General’s office and function into at least two different constitutional functions of the same calibre, with a Director of Public Prosecutions having independence and security of tenure, has long been suggested.
