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United States
Crypto / Digital Assets
CME to Offer Additional BTC, ETH Options Expiries
By Editors | 18/04/2023
CME will offer expiries every business day to provide market participants with “greater precision and versatility” in managing short-term price risk.
Market Infrastructure
BOE, CFTC Strengthen Supervisory Cooperation on CCPs
By Editors | 18/04/2023
The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.
Market Infrastructure
DSB Launches UPI User Acceptance Test Environment
By Manesh Samtani | 17/04/2023
The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.
Enforcement
US and Allies to Cooperate to Displace Russia from Nuclear Energy Market
By Editors | 17/04/2023
The US, UK, Canada, Japan and France will leverage their resources and capabilities to undermine Russia’s grip on supply chains.
Capital / Liquidity
Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries
By Editors | 16/04/2023
UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.
Enforcement
SocGen Agrees to $105m Euribor Rigging Settlement
By Editors | 16/04/2023
If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.
Sanctions
US Commerce Dept Adds 12 Chinese Entities to Entity List
By Editors | 15/04/2023
The entities allegedly acquired or attempted to acquire US-origin items in support of Russia’s military effort.
AML / KYC
US Sentences Man Who Stole Bitcoin from Silk Road to Prison
By Mark Johnston | 15/04/2023
The DOJ said James Zhong executed a scheme to trick Silk Road’s withdrawal system and steal 50,000 Bitcoin in 2012.
AML / KYC
OFAC Sanctions Chinese Entities in Fentanyl Supply Chain
By Editors | 14/04/2023
The Chinese individuals and companies were allegedly involved in supplying drug cartels with ingredients to make opioids for sale in the US.
Capital / Liquidity
FDIC Official Says 2018 Rule Changes Did Not Cause SVB Failure
By Manesh Samtani | 14/04/2023
SVB’s collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated “thoughtfully”.
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