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SEC Charges Founder Of $1.7 Billion “HyperFund” Crypto Pyramid Scheme And Top Promoter with Fraud - Promoter Brenda Chunga (aka Bitcoin Beautee) Agrees To Settle Fraud And Unregistered Offering Charges

Date 29/01/2024

The Securities and Exchange Commission today charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors worldwide.

US Justice Department: Three Individuals Charged For Roles In $1.89B Cryptocurrency Fraud Scheme

Date 29/01/2024

The Justice Department today announced charges against two individuals and the guilty plea of a third individual for orchestrating a $1.89 billion cryptocurrency fraud scheme.

CFTC Commissioner Pham To Speak At The 8th Annual FinTech And Regulation Conference

Date 29/01/2024

CFTC Swaps Report Update

Date 29/01/2024

CFTC's Weekly Swaps Report has been updated, and is now available: http://www.cftc.gov/MarketReports/SwapsReports/index.htm.

Economy Statement By Eric Van Nostrand, Performing Duties Of US Assistant Secretary For Economic Policy For The Treasury Borrowing Advisory Committee

Date 29/01/2024

Over the past three months, incoming data have remained consistent with a soft landing for the U.S. economy.  Elevated labor force participation and the resolution of pandemic-era supply chain challenges have strengthened our economy’s productive capacity, helping create space for strong economic growth while inflation continues to cool. 

US Treasury Announces Marketable Borrowing Estimates

Date 29/01/2024

The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the January – March 2024 and April – June 2024 quarters. 

US Office Of The Comptroller Of The Currency Requests Comments On Proposed Rulemaking And Policy Statement On Bank Mergers

Date 29/01/2024

The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to update its rules for business combinations involving national banks and federal savings associations. The proposal also includes a policy statement to clarify the OCC’s review of applications under the Bank Merger Act (BMA).

ISDA-Clarus RFR Adoption Indicator: Q4 2023 vs. Q4 2022

Date 29/01/2024

This is the final publication of the ISDA-Clarus Adoption Indicator, which was first published in July 2022. The indicator was developed by ISDA and Clarus Financial Technology to track how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference risk-free rates (RFRs) in eight major currencies. In this last report, ISDA provides a comparison of Q4 2023 vs. Q4 2022 trading activity instead of a monthly snapshot.

US Acting Comptroller Of The Currency Discusses Bank Mergers

Date 29/01/2024

Acting Comptroller of the Currency Michael J. Hsu today discussed improving transparency and trust in the bank merger process in remarks at the University of Michigan School of Business in Ann Arbor, Mich.

The EBA Seeks Inputs From Credit Institutions On The Classification Methodologies For Exposures To ESG Risks

Date 29/01/2024

The European Banking Authority (EBA) today launched an industry survey to receive input from credit institutions on their methodologies to classify exposures to environmental, social and governance (ESG) risks, as well as on the accessibility and availability of ESG data for this purpose. The objective of the survey is to collect qualitative information on credit institutions’ current practices to inform the EBA’s work on the feasibility of introducing a standardised methodology to identify and qualify exposures to ESG risks. The deadline to respond to the industry survey is 29 March 2024.