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fintech opacity February 25, 2020

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The Irving Fisher Committee on Central Bank Statistics has published a Report on Central Banks and Fintech Data Issues which identifies a number of issues relating to the implications of increased use of fintech for the availability of data central banks need to address their mandates relating to monetary and financial stability and the operation of payments systems. Some questions relate to financial activity by entities that are not within the regulatory perimeter for reporting to central banks, and other issues relate to data about fintech activities by traditional financial intermediaries, such as what operational, reputational, financial issues are raised by their fintech activities.  In jurisdictions where fintech is most developed central banks are actively seeking to close these data gaps.

other umlaw events on monday February 21, 2020

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In addition to the lecture on Monday evening Claudio Grossman will also talk at lunchtime (12.20-1.50 pm) in the Alma Jennings Student Lounge on the topic Seeking Justice: Reparations to Individuals for Human Rights Violations in the Inter-American System.

At the same time in Room A110 John Barkett will Report on the MIAS Task Force on Expedited Arbitration under the UNCTIRAL Arbitration Rules.

claudio grossman lecture at UM next week February 19, 2020

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Next Monday, February 24 at 6pm in Room E352,  Claudio Grossman will give the Keith C. Wold ’17 LL.M. Distinguished Lecture in Maritime & International Law  on The Obligation to Negotiate Access to the Pacific Ocean:  The decision of the International Court of Justice in the case between Bolivia and Chile. After the lecture there will be a  reception in the Alma Jennings Student Lounge.  In order to assist with planning for the reception please RSVP to http://attend.com/grossmanlecture .

sustainability transparency February 17, 2020

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Two stories today relating to disclosure and transparency with respect to sustainability:

First, the Alliance for Corporate Transparency published a report analyzing disclosures under the EU’s Non-financial Reporting Directive which concludes that although disclosure is happening, it is not particularly useful, although there are variations:

The main conclusion of this research is that while there is a minority of companies providing comprehensive and reliable sustainability-related information, at large quality and comparability of companies’ sustainability reporting is not sufficient to understand their impacts, risks, or even their plans.

Second, the Extinction Rebellion dug up some of the lawns at Trinity College in Cambridge in protest about the College’s fossil fuel investments and plans to allow farming property it owns near Felixstowe Port to be used for operations related to the Port (a plan that seems not to be going ahead because there is other available non-farming land in the vicinity). Trinity responded that the College supports the University’s Cambridge Zero project. But the story raises similar issues to those identified  in the Alliance for Corporate Transparency report: how much of what academic and business organizations are saying about their commitments to sustainability is real? 

Trinity’s questionable commitment to collective rather than its own institutional welfare is also illustrated by  news stories about its decision to pull out of the USS pension scheme (to avoid the risk that its immense financial resources might be called on if the scheme needed an influx of funds). 

andrew p. vance memorial writing competition February 17, 2020

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The 2020 competition is sponsored by the Customs and International Trade Bar Association and the University of Miami International and Comparative Law Review.  Eligible papers provide in-depth analysis of a current issue relevant to customs and international trade law, and may be submitted until May 22, 2020 (and note there are specific formatting requirements).

university of miami law hosts two international law related conferences this week February 10, 2020

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On Thursday there is the Juncadella Corporate Counsel Group’s 11th biannual seminar on Agility and Innovation for Corporate Counsel. The proceeds will benefit Miami Law’s Rafael Benitez Scholarship Fund, which provides assistance to foreign lawyers pursuing their international and foreign LL.M. degrees at the law school.

On Friday and Saturday we have the ASIL International Economic Law Interest Group Biennial Conference co-chaired by Julian Arato and Kathleen Claussen.  The theme of the conference is “Designing International Economic Law: Challenges and Opportunities.”

In addition, on Wednesday at 6pm there is a panel discussion on immigration with the title “Brother, I’m Dying: Immigration and Detention in the US.” This is a One Book, One U event, and the panelists are Becky Sharpless and Irwin Stotzky of UM Law, with Jacqueline Charles from the Miami Herald and John Pratt form Kurzban, Kurzban, Tetzelli & Pratt, moderated by Osamudia James.

university of miami distinguished faculty scholar award: michael froomkin February 5, 2020

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Amid all the bad news (Brexit, coronavirus etc) some good. Congratulations, Michael!

brexit February 1, 2020

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This morning, now that the UK has left the EU, I read this brilliant essay by Ian McEwan .

miami: arbitration and exchange programs (leipzig & zurich) January 26, 2020

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Last week at the University of Miami School of Law I enjoyed an extremely elegant lecture by Gabrielle Kaufmann-Kohler (the Carolyn Lamm/White & Case Lecture) (in the White & Case LLM program George Bermann and Albert Jan van den Berg have taught short courses so far). I also spent some time in fascinating sessions of two exchange programs we run with the University of Leipzig  and the University of Zurich.  

governor of the bank of england December 19, 2019

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News reports suggest it will be Andrew Bailey.   Mark Carney has been very visible as a participant in international discussions relating to issues of climate change and financial stability.  It will be interesting to see whether the new governor will focus on these important transnational issues or on more domestic issues.