1. IntroductionAs reported before, in the autumn of 2016, the Swedish Supreme Administrative Court ruled that a camera mounted on a drone is considered a CCTV camera for purposes of the Swedish Camera Monitoring Act. The judgment meant that using a drone equipped with a camera, where the camera will be directed at a place to which the public has access, requires a licence from the County Administrative Board. Since a licence in principle is…
1. Global contextAs noted in the IMF’s “Virtual Currencies and Beyond: Initial Considerations” report released in January 2016: “[Virtual currencies (VCs)] offer many potential benefits, including greater speed and efficiency in making payments and transfers – particularly across borders – and ultimately promoting financial inclusion… At the same time, VCs pose considerable risks as potential vehicles for money laundering, terrorist financing, tax evasion and fraud.”Regulators around the world have begun to focus on this issue…
There has been unprecedented growth in the FinTech industry, with investment in the sector estimated to be upwards of $19 Billion in 2015. Technology companies have achieved success in the mobile payment space, while peer-to-peer lenders have services challenging traditional bank loans. Tech companies are starting to offer blockchain and similar distributed ledger products that challenge the role of settlement intermediaries. Not to be outdone, bank and other financial institutions have moved aggressively into FinTech…
Part of the Ghosts in the Machine b:INFORM SeriesArtificial Intelligence – Regulatory RiskIn this article forming part of our b:INFORM Ghosts in the Machine Series , we analyse the survey findings relating to regulatory risks arising from the use of Artificial Intelligence (“AI”) in financial markets and institutions. Click here for our article analysing the survey findings relating to legal risks arising from the use of Artificial Intelligence. And you are welcome to visit our Ghosts in…
Part of the Ghosts in the Machine b:INFORM SeriesArtificial Intelligence – Legal RiskIn this article forming part of our b:INFORM Ghosts in the Machine Series, we analyse the survey findings relating to legal risks arising from the use of Artificial Intelligence (“AI”) in financial markets and institutions. Click here for our article analysing the survey findings relating to regulatory risks arising from the use of AI. And you are welcome to visit our Ghosts in the Machine…