Finance Law and Banking Law

The most notable UK economic release this week will be the UK’s second-quarter GDP print. However, barring a revision to the finalised growth figures, its impact on the pound (GBP) may be limited, instead leaving Sterling to be driven by wider currency trends.

Jersey is set to modernize its financial regulatory framework by repealing its mid-twentieth century Control of Borrowing regime and introducing targeted registration systems for digital asset issuers, private funds, and retail prospectuses. The Draft Financial Products and Prospectuses Law proposes to streamline regulatory oversight while maintaining investor protections, with digital asset issuers moving from the current COBO consent process to a new statutory registration framework.

UK regulators have published pivotal papers on tokenisation in wholesale markets, marking a shift from strategic vision to operational implementation. The Financial Conduct Authority and Bank of England's feedback statement addresses industry demands for faster progress, clearer timeframes, and practical solutions for collateral mobility, settlement finality, and prudential treatment. A companion call for input explores tokenised gold's potential to transform securities lending, repo, and derivatives market