United States

Cryptocurrency

Bankrupt FTX Affiliate Alameda Research Hit with $44b Tax Bill

By Mark Johnston | 10/05/2023

In bankruptcy proceedings, the IRS claims would take precedence over those of unsecured creditors, including FTX’s one million users.

Market Data & Technology

Philippine SEC Issues Guidelines on Financial Instrument Identifiers

By Editors | 09/05/2023

The SEC issued guidelines on the allocation of ISIN, CFI and FISN codes to financial instruments in the Philippines.

Market Abuse

US Authorities Investigating Short Sales of Banking Stocks

By Editors | 09/05/2023

SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.

Credit Risk

Fed Warns of Credit Contraction Resulting from Bank Stress

By Editors | 09/05/2023

Ongoing stresses in the banking system could lead to a broader contraction in credit, resulting in a “marked slowdown in economic activity”.

Cryptocurrency

US SEC Ordered to Respond to Coinbase Petition Within 10 Days

By Editors | 08/05/2023

The SEC must indicate whether or not it will provide formal rule-making for the digital assets sector, and the reasons for its decision.

Supervision & Enforcement

US SEC Issues Record-breaking $279m Whistleblower Award

By Editors | 08/05/2023

The size of the award should incentivise whistleblowers to come forward about potential securities law violations, said the SEC’s Gurbir Grewal.

Cryptocurrency

New Bill Unveiled to Strengthen Crypto Regulation in New York

By Manesh Samtani | 08/05/2023

The CRPTO Act would ban the use of the term “stablecoin”  except for digital assets backed 1:1 with the safest of reserve assets. Crypto platforms would have to reimburse fraud losses.

Market Abuse

US SEC Probing Insider Trading by First Republic Execs – Report

By Editors | 07/05/2023

The SEC is looking into whether executives of First Republic improperly traded on inside information before the government seized the bank and sold it to JPMorgan.

Capital Adequacy

Thousands of US Banks are “Underwater” and “Potentially Insolvent”

By Manesh Samtani | 07/05/2023

Report by Stanford Professor Amit Seru and a group of banking experts presents an analysis of US banks’ asset exposure to interest rate hikes and the implications for financial stability.