Financial regulators in Austria, Belgium, France, Greece, Italy, and Spain banned short sales of equities for two months in 2020 in response to Covid-19 market turmoil. Staff at the European Securities and Market Authority (ESMA) collected data on how equities...
In the Commodity and Futures Trading Commission (“CFTC”) staff’s third letter of 2022, the Division of Data gave no-action relief for swap data reporting amendments adopted by the CFTC in November, 2020. Those amendments were accompanied by technical specifications...
On January 5, 2022 the Market Participants Division of the Commodity Futures Trading Commission (“CFTC”) issued two no-action letters directed towards swap dealers permitting them to prepare annual audited financial statements in accordance with other countries’...
On December 8, 2021 the Bank for International Settlements (“BIS”) released a report on “Project Jura”, a test run using distributed ledger technology (“DLT”) to move wholesale central bank digital currency from bank to bank across country borders. Banque de France...
In an order entered October 29, 2021, the Securities and Exchange Commission (“SEC”) fined Fixed Income Clearing Corporation (“FICC”) $8,000,000 and set additional documentation and compliance requirements for FICC’s operation over the next three years. FICC is a...
The Commodity Futures Trading Commission (“CFTC”) fined iFinex Inc., BFXNA Inc., and VFXWW Inc. (collectively, “Bitfinex”) $1,500,000 for offering financed retail commodity transactions sans regulations by a board of trade designated or registered by the CFTC....
