Cryptocurrency Conundrum: Regulators Grapple with Digital Currencies
Recent enforcement actions and court decisions are starting to untangle the complexities around crypto.
Browsing: Securities activities
Fiduciary Rule, Libor Transition on SEC Agenda for 2019
Completing the Securities and Exchange Commission’s rulemaking on best interest standards for broker-dealers and investment advisers is a “key priority” for 2019, SEC Chairman Jay Clayton said in a speech today.
Draft Libor Transition Language Released for Business Loans, Securitizations
The Alternative Reference Rates Committee today issued consultations on draft fallback language for bilateral business loans and securitizations that reference the U.S. dollar London Interbank Offer Rate.
FHFA On Track with Second Phase of ‘Single Security’ Implementation Effort
The Federal Housing Finance Agency today issued an update on the common securitization platform it is developing to issue the Single Security, a mortgage-backed security to be issued by both Fannie Mae and Freddie Mac.
SEC Launches New Fintech Hub
The Securities and Exchange Commission today launched its new Strategic Hub for Innovation and Financial Technology, or FinHub.
Senators Urge Agencies to Make Volcker Rule Changes
Led by Senate Banking Committee Chairman Mike Crapo (R-Idaho), seven Republican senators today endorsed efforts to revisit the Volcker Rule and urged the agencies to go beyond their proposed policy changes in making fixes to the complex rule.
Of Chickens, Debt Collection and Standing
A 2018 Supreme Court preview.
SEC Echoes Agencies, Affirms Guidance Is Nonbinding
Echoing a similar statement made by the financial regulatory agencies earlier this week, the Securities and Exchange Commission today affirmed that its regulatory guidance is nonbinding.
FHFA Proposal Would Align GSEs’ Practices for TBA-Eligible MBS
As Fannie Mae and Freddie Mac continue moving toward a single security, the Federal Housing Finance Agency today issued a proposed rule directing the GSEs to harmonize their programs, policies and practices that affect the prepayment rates of to-be-announced-eligible mortgage-backed securities.
Agencies Issue Final Rule Implementing S. 2155 LCR Adjustment
The federal banking agencies today issued an interim final rule that implements an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.