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Bill Hwang

SEC charges Archegos executives with fraud and market manipulation

Senior executives from the failed hedge fund Archegos Capital Management, including its former owner Bill Hwang, have been charged by the Securities and Exchange Commission (SEC) with fraud and misleading counterparties. 

US, UK and EU authorities discussed resolving G-SIBs

On April 23, the heads of resolution, regulatory and supervisory authorities, central banks, and finance ministries of the US, UK, and EU met for a regular coordination exercise on cross-border resolution planning, the Federal Deposit Insurance Corporation (FDIC) said in a statement. 

CFTC to hold public roundtable on derivatives non-intermediation

A public roundtable is to be held on May 25 by the Commodity Futures Trading Commission (CFTC) to discuss issues around the non-intermediation of derivatives trading and clearing.

Beefed up SEC enforcement unit suggests stricter policing of crypto markets

The Securities and Exchange Commission (SEC) is adding another 20 enforcement staff to its crypto and cyber enforcement unit, signalling more zealous clamp downs of abuses in these sectors. 

New York Fed renews commitment to FX global code of conduct

In a statement on April 4, the Federal Reserve Bank of New York said it had renewed its commitment to the updated FX Global Code of conduct designed to drive better behaviour in the currency markets. 

Yellen says US CBDC question should consider dollar’s global role

Considerations around rolling out a US central bank digital currency (CBDC) should take into account the global role of the US dollar, said US Treasury secretary Janet Yellen. 

Michael Hsu

Stablecoins should come under bespoke prudential rules - OCC

Stablecoins should come under prudential rules given the potential stability risks they pose, said acting comptroller of the currency Michael Hsu, adding that more attention should be given to interoperability. 

FDIC consults on climate framework for banks

Large banks in the US will soon come under a high level framework to help them manage climate-related financial risks, which the Federal Deposit Insurance Corporation (FDIC) is seeking comment on. 

US Fed’s earnings surged in 2021

Earnings by the Federal Reserve system rocketed to $107.9bn last year from $19.4bn the year before, the central bank said on March 21.

SEC ESG disclosure plans could be undermined by data gaps

US listed companies look set to be required to make ESG related disclosures, such as their plans to transition towards climate friendly activities, the US Securities Exchange Commission (SEC) said on March 21.