The BIS, Banks and crypto – the impact of capital requirements

Following their consultation in september 2021, the Bank for International Settlements (BIS) has yesterday published their “Second consultation on the prudential treatment of cryptoasset exposure”. There is a lot of nonsense written about the ideas and impact, e.g. here and here. The consultation is a very interesting read. But no, the BIS does not support… Continue reading

Cryptocurrencies: ban or regulate? Policymakers are missing the bigger picture.

Regulators and policymakers call for a ban on cryptocurrencies;  This approach is too simplistic. An entire new crypto ecosystem has evolved within a short time span; Regulators and policymakers should acknowledge and appreciate that this ecosystem has the potential to offer value to industry participants, consumers and regulators;  The current approach taken by regulators and… Continue reading

The puzzle of cross-border marketing of investment funds in the Netherlands

This article explaines the possibilities for cross-border marketing in the Netherlands by EU and non-EU management companies which qualify as AIFMs (AIFMs) under the AIFMD. I will limit myself to the outline of the possibilities and the specific additional rules imposed at a national level in the Netherlands and will therefore not discuss the specific… Continue reading