News
(CoinDesk)
Citi, JPMorgan, Mastercard, Swift and Deloitte are among major companies with an interest in financial services teaming up to explore sharing ledger technology by simulating multiasset transactions in U.S. dollars. The research project, titled Regulated Settlement Network (RSN) proof-of-concept (PoC), will explore the potential of bringing commercial-bank money, wholesale central-bank money and securities such as U.S. Treasuries and investment-grade debt to a common regulated venue, according to a statement shared with CoinDesk.
(Reuters)
ung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on Wednesday for the start of his criminal trial. Here is a timeline of the fund’s blow up – one of the biggest in years – which left global banks with $10 billion in losses:
(Global Trading)
A new report from three leading market associations outlines an ambitious roadmap to improve the competitiveness of capital markets in Europe through a combination of retail investment, financial incentives, tax breaks and education.
(Institutional Investor)
The Securities and Exchange Commission’s whistleblower bounty program has paid nearly $300 million to activist short sellers and other “outsider” tipsters since its creation in 2010, according to a new report by a University of Kansas Law School professor.
(Global Trading)
The Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee (TAC) has made five recommendations as to how the CFTC should handle AI responsibily in order to safeguard financial markets.
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Race for Europe’s first ‘real-time’ stock trade tape heats up
(Thomson Reuters)
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Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality
(Substantive Research)
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SEC enforcement head focusing on insider trading, off-channel chatter, AI washing
(Pensions & Investments)
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Banks moving into the cloud prompt forecasts of security risk
(Financial Times)
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Bank-led consortium takes aim at position reporting
(Waters Technology)($)
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Chancellor to hold summit in bid to boost stock market
(Proactive Investors)
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CFTC Weighs Outright Ban for Derivatives Bets on US Election
(Bloomberg)($)
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Investment in Compliance Has Decreased in 2024
(Traders Magazine)
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Virginie Saade: Benefits of consolidated tape ‘cannot be overstated’
(Global Trading)
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BlackRock Executive Highlights Basel III Issues
(Traders Magazine)
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Industry calls for major rethink of Basel III rules
(Risk.net)($)
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Regulatory Round-up April
(Best Execution)
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FSB sets out NBFI liquidity preparedness proposals
(Best Execution)
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SEC Fines 16 Firms in Latest WhatsApp Probe Penalties
(Bloomberg)($)
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ESMA: EMIR data quality ‘evolving positively’
(Best Execution)
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