After reversing lower despite a robust jobs report on July 2, the greenback saw limited follow-through selling at the start of last week and instead recovered fully. The major currencies that bore the brunt of the dollar's gain were those currencies that are understood to be ahead of the Fed in normalizing policy.  The Norwegian krone and dollar-bloc currencies bore the bulk of the greenback's adjustment, while clear laggards, like the yen and Swiss franc, posted moderate gains (0.8% and...

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In this News Update, we discuss the AFM publications on advisory software and personalising insurance premiums and conditions. We also look at a DNB report on BigTech, the Investment Firm Regulation that entered into force on 26 June 2021 and the ECB's consultation on its revised Guide to fit and proper assessments. Finally, we highlight some other financial regulatory publications. AFM – POINTS OF ATTENTION WHEN USING ADVISORY SOFTWARE Because advisory software is an important tool in the financial advice process,...

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Last week the Federal Trade Commission (FTC or Commission) held its first open Commission meeting in over 20 years. Chair Lina Khan led the meeting and promised future open meetings of the Commission on a “regular” basis. Commissioners Phillips and Wilson, however, expressed concerns with the format, complaining about short notice, failure to circulate final versions of relevant proposals, lack of opportunity to ask questions to staffers, and lack of discussion among commissioners. Commissioner Wilson summarized her concerns as...

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With the help of our members, this thought-leadership series explores the acceleration of "digitalization" due to COVID-19 on both sides of the Atlantic, and across various industries. Today, we present Judith L. O’Grady, Partner at TROUTMAN PEPPER in Washington D.C.; along with Elisa Stefanini, Counsel at PORTOLANO CAVALLO in Milan, Italy. They will address: “The Medical Device Regulation in the EU and the United States and its impact on software as a medical device”. 1. The new Medical Device Regulation...

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