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On 8 February 2023, the European Banking Authority (EBA) published a consultation paper on draft regulatory technical standards (RTS) on supervisory colleges under Article 119(8) of the Markets in Crypto-assets Regulation (MiCA). [read post]
8 Nov 2023, 8:04 am by Lazar Radic
The CPSs themselves are also highly heterogeneous, with a single category encompassing a motley list of products, from e-commerce to online maps and app stores. [read post]
7 Nov 2023, 10:40 am by Mario Zúñiga
In the United States, both the Federal Trade Commission (FTC) and the U.S. [read post]
4 Nov 2023, 3:40 am by INFORRM
The case concerns an employee and active trade union member who formed a WhatsApp Group to discuss union activities and subsequently shared some messages against the Management. [read post]
3 Nov 2023, 6:00 am by Michelle
That means merchants, networks, and banks are all affected—no small constituency. . . . [read post]
2 Nov 2023, 9:01 pm by renholding
“[W]e must now urgently develop a broad regulatory regime for over-the-counter derivatives. [read post]
27 Oct 2023, 9:25 pm by Etelka Bogardi (HK) and Conrad Lam
  For example, the SFC has allowed SFC-licensed VA trading platforms (SFC-licensed platforms) to serve retail investors and has authorized VA futures exchange traded funds for public offering in Hong Kong. [read post]
24 Oct 2023, 9:01 pm by renholding
From Congress to law enforcement to the courts, these levels are at, or below, historic lows.[2] Studies also show that only a small percentage of Americans have any significant level of confidence in banks, technology companies, or big business.[3] Regardless of whether you are a regulator, financial professional, or an attorney who counsels large entities, you should all be concerned. [read post]
20 Oct 2023, 2:40 pm by CFM Admin
The SEC asserted that the Administrator, at the behest of the fund’s sponsor, calculated the fund’s net asset value without including trading losses, resulting in materially overstated values in the investors’ account statements. [read post]
16 Oct 2023, 9:01 pm by renholding
  Although this term may make sense for a privately held or family-controlled company, its application to a non-member bank whose parent is publicly traded risks creating confusion. [read post]
16 Oct 2023, 7:48 am by Unknown
The RNSA is then required to keep confidential certain information and to make other information publicly available on the next trading day. [read post]
11 Oct 2023, 11:17 am by John Elwood
Court of Appeals for the 2nd Circuit applied general preemption principles to his case, and concluded that New York’s interest-on-escrow law was preempted because it “would exert control over banks’ exercise of th[e] power” to “create and fund escrow accounts. [read post]
9 Oct 2023, 7:19 am by Eleni Pilaviou and Nick Austin
The global shipping industry is the backbone of international trade, connecting economies and facilitating the movement of goods. [read post]