Bank trading desk, risk, and data managers are quickly realizing that the term fundamental in the new Fundamental Review of the Trading Book legislation should be taken literally and they don't have much time left to prepare.The European Union has set January 2022 as the timetable for banks in its jurisdiction to meet more stringent rules on calculating market risk and applying the right … [Read More...]
Featured Posts
California’s Data Privacy Law: Sticky GDPR Differences
What is personal data? Who is your customer? What is the sale of data?For chief data privacy and technology officers who think that the new California Consumer Protection Act (CCPA) is just a mini-version of Europe's General Data Protection Regulation … [Read More]
SEC’s Proxy Voting Guidance: What About Corporate Actions?
The US Securities and Exchange Commission's recent guidance on proxy voting may have unintentionally raised the issue of whether fund managers are meeting their fiduciary obligations when they vote in one-off voluntary corporate action events. … [Read More]
SEC: Old Transfer Agent Rules Apply to New Blockchain
The US Securities and Exchange Commission's decision to register blockchain-enabled transfer agents has resurrected the issue of how it can apply securities laws to a nascent unproven technology.San Francisco-based Securitize has laid claim to being the … [Read More]
Rule 606: SEC Redefines Discretionary Trades
The US Securities and Exchange Commission's decision to broadly define what makes a trade execution discretionary will force introducing and executing brokers to walk a thin tightrope when complying with its new Rule 606.They will have to make some tough … [Read More]
IRS Tells Cryptoinvestors: Find Your Data, a Calculator, and Good Lawyer
If you are a cryptocurrency investor, you can forget about enjoying your summer vacation, thanks to the US Internal Revenue Service.By the end of August, you could be one of the 10,000 investors to have received a letter from the US tax agency that you owe … [Read More]