News
(Risk.net)($)
The Basel Committee on Banking Supervision should carry out a comprehensive review of its bank capital reforms, according to market participants, as divergence among major jurisdictions suggests flaws in the rules.
(Best Execution)
In our latest Regulatory Round-up, European regulators have been busy in a wide range of areas including securities financing, credit ratings, and distributed ledger technologies. Meanwhile, global body the International Organization of Securities Commissions (IOSCO) has sought feedback on market structure evolution, and the International Capital Market Association (ICMA) published legal opinion updates pertaining to repos.
(The Trade)
The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices of non-bank market participants, focussing on liquidity risks arising from spikes in margin and collateral calls.
(Best Execution)
Following the 2022 BCBS-CPMI-IOSCO review of margining practices, and recent reports on stress in commodities markets, the FSB has published a consultation report listing eight proposed policy recommendations for the enhancement of liquidity risk management in the non-bank financial intermediation (NBFI) sector.
(WSJ)($)
The maker of the popular stock-trading app Webull is facing a multistate inquiry over its ties to China. Fourteen states are seeking information on Webull’s measures to protect sensitive investor data from the Chinese Communist Party, according to a letter posted Tuesday by Indiana attorney general Todd Rokita, whose office is leading the inquiry.
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SEC Fines 16 Firms in Latest WhatsApp Probe Penalties
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ESMA: EMIR data quality ‘evolving positively’
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Tag, not it! First mover hesitancy for research rebundling
(Best Execution)
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FDIC Chief Says US Ready If Big Wall Street Bank Ever Failed
(Bloomberg)($)
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SEC delays decision on spot bitcoin ETF options
(The Block)
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Hidden Road ready for rush hour after FCM approval
(Risk.net)($)
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SEC Wins Trial in Novel ‘Shadow’ Insider Trading Crackdown
(Bloomberg)($)
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Senvest Management hit with $6.5m recordkeeping fine
(Best Execution)
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The Derivatives Service Bureau calls for industry input on OTC Derivative Identifier Services
(The Derivatives Service Bureau)
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Feature: FTX’s Original Sin Is a Warning to All of Crypto
(Bloomberg)($)
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Bitwise files for a spot ether ETF
(Blockworks)
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SBF Is Going to Prison for 25 Years
(CoinDesk)
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How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases
(New York Times)($)
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House Republicans seek answers from SEC on non-security digital assets
(Financial Regulation News)
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FINRA Enhances Post-Trade Transparency in U.S. Treasuries
(Markets Media)
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OpenYield Trading prints first trade
(The Desk)
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SEC issues T+1 risk alert
(Best Execution)
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Environmentalists, Conservatives Sue SEC Over Climate Rule
(Investment News)
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Consolidated tape hopefuls gear up for uncertain tender process
(Waters Technology)($)
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Ex-UBS Trader Tom Hayes Loses UK Appeal Over Libor Crimes
(Bloomberg)($)
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Anti-ESG Bill Floated in House to Combat DOL Rule
(Pensions & Investments)
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