Topic: Securities

Archegos collapse calls for renewed derivatives scrutiny, IOSCO chief says

The United States’ securities regulator has approved its first ever swaps database, over a decade after Dodd-Frank directed it to, as the head of the International Organisation of Securities Commissions calls for a re-evaluation of worldwide derivatives rules in light of the Archegos collapse.

12 May 2021

“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

Is the European CMBS market set for a revival?

The impact of the covid-19 pandemic on financial markets has been compared by many to the aftereffects of the post-2008 financial crisis, and for good reason. Reed Smith partners Jason Richardson and Iain Balkwill ask whether European commercial mortgage-backed securitisation will survive, or whether the pandemic has sounded a second death-knell for this form of securitisation.

28 April 2021

ESMA taps French regulator for new director

Europe’s securities regulator has gone to France’s financial watchdog for its next executive director.

17 March 2021

Luxembourg ushers in blockchain era for securities

New legislation passed in Luxembourg will allow the use of distributed ledger technology for issuing and settling dematerialised securities.

12 February 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

Deutsche brokerage faces penalty for 19-year recordkeeping breach

Ropes & Gray is advising Deutsche Bank’s US brokerage, which has agreed a US$2.5 million settlement for failing to maintain an adequate electronic recordkeeping system for almost two decades.

08 January 2021

Hong Kong proposes client ID requirements

Hong Kong banks should submit names of their clients dealing in securities to a central repository, under proposals unveiled by the city’s securities regulator.

11 December 2020

EU opens CSDR buy-in regime to the floor

The European Commission has opened the door to amending its central securities depository regulation (CSDR), following industry criticisms over a controversial rule implementing mandatory buy-ins and cash penalties for settlement failures.

09 December 2020

Basel finalises NPL securitisation rules

The Basel Committee on Banking Supervision has issued specific capital requirements rules for non-performing loan securitisations, addressing what it calls a “gap” in its regulatory framework.

30 November 2020

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