Topic: Securities

Two regional Fed presidents to step down amid fresh ethics probe

Federal Reserve officials are expected to face greater scrutiny of their trading activities, as the resignations of two Federal Reserve district presidents following reports of their investment trading activities prompts a review of the central bank’s ethics rules.

29 September 2021

FINMA approves first digital securities depository

Zurich-based FMI operator Six, advised by Heuking Kühn Lüer Wojtek, has obtained the first-ever Swiss licence for a central securities depository to use distributed ledger technology to support digital currencies.

13 September 2021

Danske Estonia class action dismissed in New York appeals court

A New York appeals court has dismissed a proposed investors’ class action against Danske Bank over alleged misstatements related to a US$230 billion money laundering scandal at its Estonian branch.

26 August 2021

SEC officials rue missed opportunity for crypto clarity following Coinschedule fine

The US Securities and Exchange Commission has fined the operator of a former initial coin offering platform, prompting criticism from its two Republican commissioners that it has missed an opportunity to provide clarity over which digital assets count as securities.

15 July 2021

Post-Brexit wholesale markets proposals “not about lowering standards”, UK insists

The UK is set to diverge from key EU financial market regulations and make regulation “more agile” under newly-released government proposals that have been called its “most significant and far-reaching” to date.

05 July 2021

FCA pushes to net zero in climate disclosure plans

Issuers of listed securities and asset managers will need to make climate disclosures under new FCA proposals, seeking to bring financial regulation in line with the UK’s 2050 net-zero goal.

24 June 2021

Greensill meltdown calls for stricter non-bank rules, FCA chief says

The head of the UK’s Financial Conduct Authority has stressed the need for a regulatory regime that shines a light on non-bank interaction with regulated activities, as he announces formal investigations into collapsed supply chain financing group Greensill.

14 May 2021

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

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