Topic: Securities

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 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

SEC revives decade-old market manipulation proposal

The US Securities and Exchange Commission has revived a proposed rule to stamp out fraud and manipulation in the security-based swaps market, over a decade after abandoning it in the face of industry pushback.

14 January 2022

SEC takes aim at Archegos-style risks

The US’ securities regulator has proposed new rules to increase transparency in the security-based swap market, but one commissioner has warned the rules are “disproportionate” and may “squelch legitimate market activity”.

12 January 2022

Canadian regulator “vulnerable to political interference”, report finds

The Ontario Securities Commission – the most prominent securities regulator in Canada – has seen political interference affect its decision-making and should be granted greater powers, according to a report conducted by the province’s top civil official.

02 December 2021

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

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