A brief travel note about my second and finally successful attempt to get to the top of Lion’s Head, Cape Town, just to be rewarded with one of the most beautiful sunsets I can remember.

Siempre me ha parecido que Juanpis Gonzales, el personaje de Alejandro Riaño, es una oportunidad perdida, una sátira más bien tonta. Acá explico por qué.

On July 16th, the European Court of Justice weighed in on the critical question of what constitutes a payment service under EU Law. The ruling examined penalties imposed by the Dutch Central Bank to Betaal Garant, a firm that issues deposit guarantees in the context of construction projects without a payments license. In this brief article, I argue that the court achieved the right outcome for the case at hand, but also that its reasoning may reopen a number of previously settled questions about activity-based-regulation that create uncertainty about the scope of PSD2.

The Central Bank of the UAE recently issued a new Operational Risk Management Regulation (C 1/2026 - issued through public Notice No. 4047-2026) that materially raises operational risk management and resilience expectations for all licensed financial institutions (the previous regulation applied only to banks). It enters into force in one month, so here are some non-AI generated takeaways (Copilot was used for a light proofread) that may be helpful for fintech firms in a rush to comply.

A brief travel note about a Sunday at Pike Place Market, Seattle. This is my first photo series completely shot with my then new Leica M11P and the Summilux 35mm 1.4.

Este es mi “review” de la colección de relojes de Juan José Lafaurie, el hijo de Jose Félix Lafaurie (célebre presidente de Fedegán) y Maria Fernanda Cabal (senadora de Ultra'-derecha) a quien el próximo ministro de agricultura avaló como “pequeño productor”, elegible para ser beneficiario de un crédito blando por 400 millones y un subsidio de 95 millones para repagarlo.