Rather than plotting a totally new regulatory course, the UK plans to place crypto within its existing mainstream financial services framework.
Subjects
SEC sets challenging deadline on T+1 settlement
Industry preparations for the transition to T+1 settlement for US securities transactions have been underway for more than two years, but nonetheless there are concerns that the SEC’s chosen May 2024 implementation deadline will prove difficult to hit.
Lael Brainard resigns as Fed vice-chair
Lael Brainard, a member of the Federal Reserve Board since June 2014 and vice-chair since 2022, has stepped down from her position in order to become director of the National Economic Council, effectively becoming president Joe Biden’s most senior economic adviser.
US regulators issue joint statement on crypto asset liquidity risks for banks
The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) collectively issued a statement highlighting the risks that crypto asset market vulnerabilities can pose to banks.
US Treasury warns on cloud risks for financial services
Report suggests that there needs to be better information sharing and collaboration between cloud service providers, firms and regulators.
FCA faces climate disclosure legal challenge
Environmental lawyers have lodged a complaint with the high court over the FCA’s approval of a prospectus with “inadequate” climate risk disclosures
ECB to monitor banks on digital transformation
The bank will undertake targeted reviews and on-site inspections where it feels further investigation is needed
Securities industry asks big questions about SEC’s equity market reforms
Industry body seeking more time and data to understand the true impact of the major package of proposals.
UK joins the CBDC party: how do digital pound plans compare to those for digital euro?
Exploratory work on a digital euro has been underway for more than a year, yet in some ways the UK’s early digital pound proposals are more defined.
Hong Kong’s 'ambitious' virtual assets trading proposals
The financial centre wants to launch a new licensing regime, which includes opening up retail investor access.
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