Topic: Conduct regulation

CFTC chair Rostin Behnam has defended his agency’s handling of the FTX debacle before the US senate, calling on it to grant him the statutory authority to oversee crypto firms he said would have averted the collapse.

06 December 2022

Global moves to tackle broader wrongdoing in finance will leave institutions grappling with evolving, ambiguous strictures for years to come, write Herbert Smith Freehills partner Chris Ninan and senior associate Michael Tan.

20 October 2022

Katten Muchin Rosenman regulatory partner Neil Robson advises on how to create a tailored and focused anti-bribery policy that’s more than just a box-ticking exercise.

22 September 2022

Statistics recently obtained by Herbert Smith Freehills call into question whether the Senior Managers Regime has been effective in allowing UK regulators to pursue enforcement against senior individuals in financial services, writes Jenny Stainsby, the global head of the firm’s financial services regulatory practice.

06 July 2022

The US Treasury’s financial crime enforcer is considering expanding its discretionary repertoire to include no-action letters in cases of compliance failure.

13 June 2022

Cayman Islands crypto exchange Binance has obtained crypto-asset licences from Dubai’s newly-established crypto regulator and the Central Bank of Bahrain.

21 March 2022

British banks have a duty to protect their customers from making payments to fraudsters, the English appeals court has ruled, overturning a landmark ruling from last year.

17 March 2022

US regulators have fined the National Bank of Pakistan over US$55 million for apparent 8-year-long deficiencies in anti-money laundering measures at the bank’s New York operation.

25 February 2022

One of the Netherlands’ regulating bodies has shoehorned climate change into an update to its guide for financial institutions’ corporate governance, saying that ESG strategy was the most important thing for companies to build into their futures.

24 February 2022

The US Federal Reserve has put new rules into place for its officials’ trading activity after the resignations of three high-ranking officials following questions over their trades during the covid-19 pandemic.

21 February 2022