2023

Originally published on Compliance Chief 360 Leaders in any industry must anticipate the challenges–and opportunities–their companies face. As compliance practitioners responsible for trade surveillance, are we keeping pace with current and future challenges? Some evidence to consider: A top-tier bank was found to have no surveillance on its voice-brokered swaps desk, resulting in a $45 million […]

Originally published in MarketsMedia Compliance in Focus is a content series on regulatory topics for financial markets and the challenges compliance officers face in addressing surveillance and monitoring. Compliance in Focus is produced in collaboration with Eventus. Trade Surveillance Compliance officers are commonly known for their deep regulatory knowledge, strong command of details and ability to make informed judgements.

MiCA Regulation Will Be Fully In-force by December 2024 – By Jonathan Dixon, Director of Regulatory Affairs, EMEA   The world of cryptocurrencies and digital assets has been rapidly expanding, presenting both opportunities and challenges for regulators. As governments strive to protect investors, combat financial crime, and foster innovation, the European Union (EU) has taken

This report is an update to Eventus’ white paper, Crypto Regulation in Asia: 2022 Hong Kong Update, which was published in September 2022. These periodic updates are focused on the emerging regulatory environment for virtual assets in Asia Pacific. Changes continue at a rapid pace, and the Securities and Futures Commission’s (SFC) May 2023 Circular

Originally published in MarketsMedia Compliance in Focus is a content series on regulatory topics for financial markets and the challenges compliance officers face in addressing surveillance and monitoring. Compliance in Focus is produced in collaboration with Eventus. The U.S. Commodity Futures Trading Commission’s May 17 advisory that some prime brokers might have to register as derivatives clearing organizations (DCOs) is a

The Commodity Futures Trading Commission (CFTC) in May 2023 levied a $45 million fine against a tier-1 bank for engaging in spoofing in the US dollar swaps market, other deceptive and manipulative trading practices related to the bond issuer swaps market, and communication recordkeeping failures for mobile devices. This enforcement action is notable for applying

Originally published in FinTech Global   In a recent post by Eventus, the company outlined some of the key things compliance officers need to know around the new Markets in Cryptoassets (MiCA) legislation. Recently, the European parliament sanctioned comprehensive legislation, MiCA to regulate the crypto assets market. This wide-ranging legislation covers aspects such as transparency, disclosure,

Originally published in The Fintech Times   The regtech space is in for a major shake-up, with the FCA‘s new Consumer Duty regulations coming into effect in two months. This presents an opportunity for financial institutions to adopt a new approach to compliance and regulation. Innovation being catapulted forward by the pandemic and the recent evolution