Topic: Securities

EU's retail package mirrors UK consumer duty, practitioners say

The EU’s executive body has proposed an overhaul of its existing rules for consumer participation in capital markets, some of which practitioners say “mirror” concepts from UK’s new Consumer Duty.

30 May 2023

Coinbase sues SEC for “yes or no” answer

US crypto exchange Coinbase has sued the country’s securities regulator for a “yes or no” answer on a petition it filed last year asking for clarification on regulations for the crypto sector, to which it still has not received a reply.

28 April 2023

Who owns what: practitioners discuss post-FTX crypto market and legal reforms at ISDA forum

The Law Commission and practitioners have discussed the proprietary control issue in potential legal reforms around digital assets and reassessing their risks after the Crypto Winter.

24 April 2023

SEC proposes cyber risk reform package

The SEC has proposed new requirements for firms’ cybersecurity and data breach risk management and relevant disclosure.

23 March 2023

Report: Security token issuance “possible” under English law without new legislation

The existing English legal system could accommodate security token issuance and transfer without “statutory intervention”, a UK government-backed group has said.

17 February 2023

CSRC greenlights China’s first wholly foreign-owned securities firm

China’s securities regulator has given Standard Chartered in-principle approval for the first wholly foreign-owned securities firm on the Mainland since the lifting of ownership restrictions for foreign financial institutions in 2020.

09 February 2023

New Year’s resolution: South Korea plans digital securities framework

As South Korea celebrates the lunar new year, its securities regulator is preparing new regulations for tokenised securities issuance, as part of a capital markets regulatory overhaul planned for early February.

24 January 2023

Don’t rely on prudential tweaks to revive EU securitisation market, regulators say

The EU’s financial regulators are warning the European Commission against pinning  too much hope on changing the prudential framework for securitisations in its attempt to revive the “subdued” market in the EU.

15 December 2022

Credit Suisse reaches US$495 million settlement in nine-year-old RMBS case

New Jersey’s securities regulator has agreed to settle a long-running claim against three Credit Suisse entities over the sale of residential mortgage-backed securities, resolving what the bank says is the largest of the RMBS-related exposures on its docket.

26 October 2022

Barclays faces class action over excess securities sale

Barclays is facing a class action lawsuit over its recent sale of around US$17.64 billion of unregistered securities, as the bank’s talks with the US Securities and Exchange Commission over the blunder continue.

28 September 2022

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