Topic: SEC (USA)

“We may find we need to freshen up our rule set”: US regulators reflect on Archegos collapse

The US Securities and Exchange Commission’s new chair Gary Gensler has said his agency is considering altering its disclosure requirements to protect the wider banking system after the implosion of Archegos Capital.

07 May 2021

Ripple claims SEC lacks authority to regulate in US$1.3 billion crypto lawsuit

US fintech Ripple Labs has told the US Securities and Exchange Commission it lacks jurisdiction to regulate its digital coin as a security, a month after the regulator filed a billion-dollar lawsuit.

03 February 2021

Skadden hires old SEC hand

Skadden Arps Slate Meagher & Flom has hired the SEC’s former international affairs director Raquel Fox as a partner in its Washington, DC office.

21 January 2021

Brooks departs OCC, finalising "fair access" on the way out

The US Acting Comptroller of the Currency, Brian Brooks, is stepping down – finalising the controversial “fair access” rule on his final day in office – as former CFTC chair Gary Gensler is reportedly being tapped to head the SEC.

14 January 2021

More departures from SEC

The United States’ Securities and Exchange Commission is set to lose both its general counsel and the director of its trading and markets division, only weeks after the regulator’s chair Jay Clayton announced he would be stepping down before the end of his five-year term.

16 December 2020

What will Biden’s presidency mean for banking regulation?

Joe Biden has defeated Donald Trump to become the United States’ next president – triggering an overhaul of the federal government and its regulatory agencies. What can banking regulation practitioners around the world expect from the new administration?

19 November 2020

Biden taps Gensler to lead financial regulation transition team

US president-elect Joe Biden has named former CFTC chair Gary Gensler to head up a task force charged with organising the handover of power at the United States’ financial regulatory agencies – with figures specialising in fintech and corporate governance among the new team members.

11 November 2020

SEC commissioner confirmed as enforcement co-director departs

The co-director of the US Securities and Exchange Commission’s enforcement division Steven Peikin is set to step down, as the regulator welcomes new commissioner Caroline Crenshaw following her senate confirmation.

12 August 2020

US regulators issue notice of Volcker rule overhaul

The five US financial regulatory agencies responsible for the administration of the Volcker Rule have issued a notice of proposed rulemaking, as they move closer to altering restrictions on private fund investments by banks.

06 March 2020

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