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
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
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
Europe’s securities regulator has gone to France’s financial watchdog for its next executive director.
17 March 2021
New legislation passed in Luxembourg will allow the use of distributed ledger technology for issuing and settling dematerialised securities.
12 February 2021
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
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 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
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
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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