MRAC Meeting
On April 9, the Commodity Futures Trading Commission (CFTC) Market Risk Advisory Committee (MRAC) held a public meeting. The meeting covered current topics including central counterparty risk (CCP) and governance, market structure developments explaining the consolidation of Futures Commission Merchants (FCMs), climate-related risk, and innovative and emerging technologies like artificial intelligence …
Read MoreDSG Crypto Regulatory Roundup: March 2024
International Bodies EU Scraps Proposed $1K Payment Limit for Self-Custody Crypto Wallets: The European Union is moving ahead with new anti-money laundering laws to limit cash and some crypto transactions, but proposed noncustodial wallet limits did not make the final cut. More here. UK Regulator to Tighten Measures Against Crypto …
Read MoreSEC Finalizes Climate Disclosure Rule and 605 Rule
On March 6, the Securities and Exchange Commission (SEC) finalized two significant rules: Disclosure of Order Execution Information and Enhancement and Standardization of Climate-Related Disclosures for Investors. 605 Rule: The SEC adopted a rule that would update the disclosures required under Rule 605 of Reg NMS for order executions in stocks …
Read MoreHFSC Hearing
On March 21, the House Financial Services Committee held a hearing entitled “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.” The witnesses in the hearing were: · Dr. Michael Gibson, Director of Supervision and Regulation, Board of Governors of the Federal Reserve System (Fed) · …
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