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Market Infrastructure
CME Confirms 14 April 2023 for Conversion of Eurodollar F&O
By Editors | 14/10/2022
CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.
Crypto / Digital Assets
FASB is Moving to Fair Value Accounting for Crypto Assets
By Manesh Samtani | 14/10/2022
The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.
AML / KYC
US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions
By Editors | 14/10/2022
Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.
Enforcement
US SEC Probing Funds, Advisers on Staff Messaging Practices
By Editors | 13/10/2022
The SEC’s probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.
Crypto / Digital Assets
BNY Mellon Launches Digital Asset Custody Platform
By Editors | 13/10/2022
BNY Mellon is the first systemically important US bank to launch a crypto custody platform, leveraging technology from Fireblocks and Chainalysis.
Securities / Derivatives
US SEC Approves Update to Electronic Recordkeeping Rule
By Editors | 13/10/2022
The amendments add an audit-trail alternative allowing electronic records to be preserved in a way that permits recreation if original records are altered, over-written, or erased.
Sanctions
US Blocks Export of Computing Chips to China
By Editors | 12/10/2022
The export controls are aimed at preventing the transfer of advanced technology to China’s military, intelligence and security services.
AML / KYC
US Treasury Penalises Crypto Exchange Bittrex $29mn
By Editors | 12/10/2022
OFAC and FinCEN took joint action for sanctions screening failures and violations of AML and SAR reporting requirements.
Enforcement
UK FCA Queries Banks About Staff Messaging Practices
By Editors | 12/10/2022
The queries come after US regulators collected over $2bn in combined penalties from firms for failures to maintain, preserve, or produce staff communication records.
ESG / Sustainability
Republicans Withdraw US$1b From BlackRock Over ESG
By ESG Investor | 11/10/2022
Republican-governed US states have started to withdraw state funds from BlackRock due to the asset manager’s ESG investment policies.
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