News
(Bloomberg)($)
A top Wall Street regulator is considering an outright ban on using derivatives to bet on US elections as part of a crackdown on so-called event contracts, according to people familiar with the plans.
(Traders Magazine)
Despite the continued rise in regulatory expectations, expenditure on compliance operations has decreased compared to 2023, as has investment in RegTech, according to a recent report by SteelEye. According to the annual State of Financial Services Compliance Report, while financial firms express intentions to allocate more resources to compliance, the reality reflects scrapped projects, constrained budgets, and compliance burnout.
(Global Trading)
While rules might not create markets, there is a very important role for regulation to play in creating a fair, open and competitive playing field in a fragmented region such as the European Union (EU).” This missive encapsulated the approach to regulatory divergence held by Virginie Saade, head of government and regulatory policy at Citadel. “Rules are a way to make sure that there is a common approach across the 27 countries.”
(Traders Magazine)
When we think about the Basel III implications, we are concerned about the implications for our underlying clients, said Michael Winnike, Director, Market Structure, BlackRock. Speaking at the SIFMA’s Basel III Endgame Roundtable on April 18, Winnike highlighted two categories of issues.
(The Block)
The U.S. Securities and Exchange Commission is delaying making decisions on the next steps for two proposed spot Ethereum exchange-traded funds proposed by Grayscale and Franklin Templeton. The agency pushed its timeline to decide to June 11, 2024 for the Franklin Ethereum ETF after which the SEC could approve or disapprove or institute proceedings, the SEC said in a filing on Tuesday.
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Industry calls for major rethink of Basel III rules
(Risk.net)($)
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Regulatory Round-up April
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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)($)
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ESMA: EMIR data quality ‘evolving positively’
(Best Execution)
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Tag, not it! First mover hesitancy for research rebundling
(Best Execution)
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FDIC Chief Says US Ready If Big Wall Street Bank Ever Failed
(Bloomberg)($)
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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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