By: Samuel Belden, Forefront Communications Originally published on TabbFORUM Decentralized finance (DeFi) took on a new meaning in 2020, as it now includes a remote workforce, from trading to the back office to compliance. What’s next? Regtech execs give a view into how the current work environment will change compliance and work itself for […]
Forecast 2021: RegTech Execs Look Ahead Read More »
In December 2020, the CFTC issued its second installment in a series of primers dealing with Digital Assets. In considering its oversight of digital assets, which includes concerns relating to unfair and deceptive sales practices, market manipulation, and other fraudulent schemes, the CFTC gives a nod to digital asset stakeholders. The CFTC notes that these
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At the beginning of November, the Financial Services and the Treasury Bureau (“FSTB”) released a public consultation seeking views on legislative proposals to enhance anti-money laundering and counter-terrorist financing (“AML/CTF”) regulation in Hong Kong for virtual asset service providers (VASPs) and dealers in precious metals and stones (DPMS). As part of its goal to enhance
By: Joe Schifano, Global Head of Regulatory Affairs at Eventus Systems Originally published on TabbFORUM History is littered with examples of “post-crisis” regulation. The Securities Act of 1933, the Securities and Exchange of 1934, and the Dodd-Frank Wall Street Reform and Consumer Protection Act are well-known examples. Even the Securities Act Amendments of 1975
By: Joe Schifano, Global Head of Regulatory Affairs at Eventus Systems On September 1st, Eventus Systems and VoxSmart submitted a joint comment letter regarding FINRA’s June 2020 report, “Artificial Intelligence in the Securities Industry.” The broader acceptance and use of artificial intelligence (“AI”) technologies continues to advance across the financial services industry and has become
The Application of FINRA Rule 2010 to Data Governance and AI Technology Read More »
This Cryptocurrency Enforcement Framework is a culmination of the efforts behind the Cyber-Digital Task Force established by Attorney General Jeff Sessions within the U.S Department of Justice (DOJ) in 2018. Their initial report recommended that “the Department should continue evaluating the emerging threats posed by rapidly developing cryptocurrencies that malicious cyber actors often use.” This
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As part of the broader Digital Finance Strategy package, in late September, the European Commission published a new draft regulation on markets in crypto-assets (MiCA). Once formally adopted in the EU, the proposed legislation aims to achieve a harmonious path forward for regulating crypto-assets in the financial sector. Title VI of the proposal focuses on
EMEA: European Commission Proposal for Crypto-Asset Regulation Read More »
By: Samuel Belden, Forefront Communications Originally published on TabbFORUM Here is a look at how five Wall Street firms in different parts of the market handled the difficulties associated with the pandemic and remote work. They include an agency broker, a market maker, a block trading venue, a risk management provider and a market
Firms That Kept Cool During the Pandemic’s Historic Volatility Read More »
Hear from industry leaders, Eventus Systems and Sterling Trading Tech discuss third-party trading technology – from pre-trade to real-time risk and post-trade surveillance. Travis Schwab, CEO at Eventus Systems and Andrew Actman, Managing Director of Business Development at Sterling Trading Tech focus on what’s changing and evolving in the industry, including volatility, new technology, as
On September 9, 2020, the FIA published a helpful set of guidelines for surveillance and market abuse in the UK and Europe. We have previously highlighted guidelines 5.5, 5.19, and 5.34, which generally require market participants to consider the broadest possible definition of MAR-identified behaviors, maintain triggers to prompt a review and update of risk
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