Financial MarketsRSS
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UK reveals ambition to be global crypto hub

Rather than plotting a totally new regulatory course, the UK plans to place crypto within its existing mainstream financial services framework. 

Virginie O’Shea

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. 

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.

Thomas Peterffy

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.

Jana Mackintosh

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. 

GET Hong Kong

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. 

Standard setters explore two approaches to building global payment system

Global standard setters have outlined two approaches to creating a cross-jurisdictional multilateral platform that could make international payments faster and more efficient.

GET crypto

A digital euro would not be a lurch towards a dystopian future, says ECB official

The digital euro would never be programmable nor undermine personal privacy, a European Central Bank (ECB) official told the European Parliament in a bid to defuse fears that it could represent a slippery slide towards a dystopian society.

SEC revives ABS trading conflicts rule

The US Securities and Exchange Commission (SEC) has voted unanimously 5-0 to re-propose a rule, first floated a decade ago, that targets conflicts of interest in the trading of asset backed securities (ABS).

GET Houses of Parliament

UK sets out plans for crypto regulation

The UK government has announced plans to regulate crypto assets and crypto platforms in a manner “consistent with its approach to traditional finance”.