News

SEC tightens grip on Treasury trading platforms with “unwieldy” proposal

The United States’ securities regulator has published proposals to require a wider range of trading platforms to register as exchanges or broker-dealers at the agency, alongside plans to tighten private fund disclosures.

31 January 2022

Second Circuit overturns Libor convictions

A US appeals court has acquitted two former Deutsche Bank traders previously convicted over manipulating Libor.

31 January 2022

PRA financial stability objective could be undermined by secondary “growth and competitiveness” agenda, Commons hears

The UK government’s proposal to task the UK Prudential Regulation Authority with enhancing competitiveness and growth in the financial system, risks imperilling the regulator’s primary objective of ensuring financial stability, according to testimony before a parliamentary committee from one of the Bank of England’s most senior alumni.

27 January 2022

US Treasury will pilot sharing suspicious transaction data with foreign affiliates

The United States’ Financial Crimes Enforcement Network has called on banks to share data on suspicious financial activity with their foreign branches, something that industry players have so far welcomed.

27 January 2022

EBA sets new climate disclosures to counter “cherry-picking”

Practitioners say EU banks will have to improve the quality of their ESG-related data, ahead of new one-size-fits-all disclosure requirements for banks’ exposures to climate risk introduced by the EU’s banking regulator.

26 January 2022

CFTC’s Schwartz confirmed as permanent GC

Rostin Behnam has named acting CFTC general counsel Rob Schwartz to fill the role permanently, alongside four other new picks for division directors following his Senate confirmation to chair the regulator last month.

26 January 2022

Russian regulator moves to ban crypto

Russia’s central bank has proposed legislation to ban cryptocurrency use in the country, just a day after it bolstered nonbanks’ offerings by allowing them to provide payment services previously restricted to fully-fledged banks.

24 January 2022

Regulator networks ideal for crypto supervision, IOSCO told

The International Organisation of Securities Commissions has published a framework for supervisory colleges, after regulators told the body they could help monitor risks posed crypto trading platforms.

24 January 2022

Digital dollar could provide “near-perfect substitute” for currency, Fed says

The US Federal Reserve has released its long-awaited discussion paper on a potential US central bank digital currency­, kick-starting a debate among both regulators and industry players on the potential and pitfalls of a digital dollar.

21 January 2022

SEC insider trading reform “challenging to implement”, practitioners say

Practitioners say elements of the SEC’s plan to remedy “critical gaps” in its insider trading regime would be “significant departures” from established practice.

21 January 2022

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