The final countdown: completing sterling LIBOR transition by end-2021
After many years of preparation, 2021 is the critical year for firms to complete their transition away from LIBOR.
Supporting Responsible Use of AI and Equitable Outcomes in Financial Services
Symposium on the use of artificial intelligence (AI) in financial services is part of the Federal Reserve’s broader effort to understand AI’s application to financial services, assess methods for managing risks arising from this technology
Bakkt to Become a Publicly Traded Company via Merger with VPC Impact Acquisition Holdings
Bakkt, and VPC Impact Acquisition Holdings a special purpose acquisition company announced that they have entered into a definitive agreement for a business combination that will result in Bakkt becoming a publicly traded company with an enterprise value of approximately $2.1 billion.
FCA warns consumers of the risks of investments advertising high returns based on cryptoassets
The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks
SEC Charges Deutsche Bank With FCPA Violations Related to Third-Party Intermediaries
SEC charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA). As part of coordinated resolutions with the SEC and the Department of Justice, Deutsche Bank has agreed to pay more than $120 million,
RBNZ response to illegal breach of data system
The Reserve Bank of New Zealand (RBNZ) – Te Pūtea Matua continues to respond with urgency to a breach of a third party file sharing service used to share information with external stakeholders
Richard H. Clarida: U.S. Economic Outlook and Monetary Policy
Vice Chair Richard H. Clarida At the C. Peter McColough Series on International Economics Council on Foreign Relations, New York, New York
ASIC approves variations to the Banking Code
ASIC has approved variations to the Banking Code of Practice (Code). The variations, as proposed by the Australian Banking Association (ABA), do the following:
SEC Issues Over $1.1 Million to Multiple Whistleblowers
Securities and Exchange Commission today announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions.
Veritas Initiative Addresses Implementation Challenges in the Responsible Use of Artificial Intelligence and Data Analytics
Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring
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