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28 Apr 2023, 9:05 pm by Elizabeth Yin
Other policymakers have argued that some digital assets are subject to regulation by the Commodity Futures Trading Commission (CFTC), which regulates derivatives markets. [read post]
The new section notes that, following publication of the joint FCA/Bank of England Policy Statement (PS23/2) alongside final Technical Standards and new rules for Trade Repositories (TRs) in relation to changes to the derivatives reporting framework under UK EMIR, the final Technical Standards and new rules for TRs will be applicable from September 2024 (with the exception of the amended Technical Standards that relate to the registration of TRs which… [read post]
27 Apr 2023, 5:50 am by Kevin Klyman
Europe’s specific rules on outbound investment have yet to be hashed out – and unlike trade policy, investment policy on the continent is governed at the country level. [read post]
26 Apr 2023, 7:54 am by Unknown
According to the report, 2023 has been much less volatile than was 2022 at the same time, when higher inflation and a different set of factors pushed investors to flee tax-exempt mutual funds and record trading activity occurred for individual municipal bonds.The MSRB’s report noted that the impact from the failures of Silicon Valley Bank and Signature Bank, and First Republic Bank’s need for a capital infusion, had been muted in municipal… [read post]
26 Apr 2023, 3:02 am by Matrix Law
The Court will consider whether the CAC’s refusal to accept the Union’s application to be recognised by Deliveroo for collective bargaining interfere with the rights of Deliveroo riders to form and join a trade union under Article 11 of the European Convention on Human Rights? [read post]
25 Apr 2023, 2:27 pm by jeffreynewmanadmin
” If convicted, the defendants face a maximum statutory penalty of 30 years in prison for bank fraud. [read post]
25 Apr 2023, 6:46 am by Kevin LaCroix
Depositors began to withdraw massive amounts from the bank, and over the course of three trading sessions, the bank’s share price declined by over 72%. [read post]
25 Apr 2023, 5:09 am by Unknown
A digital asset service provider will also be required to file a report with the Texas Department of Banking not later than the 90th day after the end of each fiscal year which, among other things, must include an attestation by the digital asset service provider of outstanding liability to digital asset customers, and an attestation by an auditor that the information in the report is true and accurate.In addition to setting forth the requirements for a money transmission… [read post]
24 Apr 2023, 9:01 pm by renholding
No effective date is specified, presumably because the Policy Statement does not purport to be a regulation,[4] but institutions should assume it is effective immediately. [read post]
24 Apr 2023, 5:16 am by Riana Pfefferkorn
  Making a provider publicly explain how its anti-abuse systems and rules work is like handing a bank’s blueprints to a bank robber. [read post]
22 Apr 2023, 7:16 pm
For instance, if federally-regulated local banks faced new national rules on an issue like climate change disclosures, banks would need special permissions from local officials to keep public business in Utah he said. [read post]
22 Apr 2023, 6:23 am by Mayela Celis
National Australia Bank: Implications for Global Securities Class Actions,” 12 YB. [read post]
21 Apr 2023, 2:55 am by Etelka Bogardi (HK) and Stephanie Chan
It is capable of assumption by third parties in that it can be and is the subject of active trading markets where (a) the rights of the owner in that property are respected, and (b) it is potentially desirable to third parties such that they want themselves to obtain ownership of it. [read post]
20 Apr 2023, 1:20 pm by Marcia Delgadillo
On February 9, 2023, the Security and Exchange Commission (“SEC”) charged Payward Ventures, Inc. and Payward Trading Ltd. [read post]
19 Apr 2023, 9:01 pm by renholding
The Proposed Rule would also expand the circumstances under which an advisor is considered to have custody of a client’s assets to include discretionary authority to trade the client’s assets. [read post]
18 Apr 2023, 12:48 pm by Zak Gowen
The plan will include more stringent requirements including liquidity standards for the bank, due to the increased size of the institution, the statement said. [read post]