The Securities and Exchange Commission announced has obtained court approval of settlements with Telegram Group Inc and its wholly owned subsidiary TON Issuer In to resolve charges that Telegram's unregistered offering of digital tokens called "Grams" violated the federal securities laws.
Legal & Regulation
A total of 250 clients have now committed to use the Depository Trust & Clearing Corporation's (DTCC) Global Trade Repository (GTR) service to meet their forthcoming European Securities Financing Transactions Regulation (SFTR) reporting obligations.
The “locusts” were the canaries in the coal mine (again): Hedge fund short-sellers vindicated as Wirecard blow-up jolts Germany
There is precious little to celebrate in the precipitous collapse of Wirecard, the German payments group whose shares have lost 90 per cent in a matter of days amid what now appears to be incontrovertible evidence of a massive and sustained fraud involving at least EUR2 billion of ‘missing’ cash.
SmartStream launches API for firms requiring fast access to reference data for meeting the SFTR deadline
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM) solutions provider, today extended its Reference Data Utility (RDU) Securities Financing Transactions Regulation (SFTR) service to include an API for firms requiring fast access to the technology and data needed to manage their reference data challenges – critical for meeting the ESMA SFTR reporting deadline of 13 July.
Deutsche Bank has agreed to pay over USD10 million to settle two Commodity Futures Trading Commission (CFTC) enforcement matters.
The US Commodity Futures Trading Commission (CFTC) has made a whistleblower award of USD6 million to an individual whose reporting led the Commission to bring a successful enforcement action.
By A Paris – In the face of the current uncertainty and volatility across global markets, the financial industry in The Bahamas has been making changes to refine and strengthen its position as an international financial centre. This is being done to buttress its international standing and help sustain business longevity for all players involved.
TCI Fund Management, the high-profile activist hedge fund firm led by Sir Chris Hohn, has filed a criminal complaint against Wirecard AG, the Munich-headquartered electronic payment processing company.
In collaboration with Bplus and BitSG Labs, blockchain technology provider ChainUP has launched the first legally compliant crypto exchange solution in Singapore.
AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives community, has joined new partnerships with collateral management consultancy firms Margin Reform and Margin Tonic.