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2022 SEC Regulation Outside The United States - Scott Friestad Memorial Keynote Address, William Birdthistle, Director, Division Of Investment Management, Washington D.C., Nov. 14, 2022

Date 14/11/2022

Introduction

Good morning.  Thank you, Mark, for your kind invitation to speak with you all today – and congratulations on the 25th anniversary of this conference.  I am deeply honored to be giving the Scott Friestad Memorial Keynote address, particularly since we are joined today by his son, Wilson.  Thank you, Wilson, for your gracious introduction.

Investors See The FTX Collapse As An Opportunity With Inflows Totalling US$42m - CoinShares: Fund Flows

Date 14/11/2022

• Digital asset investment products saw the largest inflows for 14 weeks totalling US$42m. The inflows began later in the week on the back of extreme price weakness prompted by the FTX/Alameda collapse.
• Bitcoin was the primary focus with inflows totalling US$19m, the largest since early August this year. However, short-bitcoin investment products also saw inflows totalling US$12.6m.
• Blockchain equities saw the largest weekly outflow since May 2022 totalling US$32m, implying that the more conservative investors in the asset class flew to safety.

EBA Publishes Final Technical Standards On The Measurement Of Liquidity Risks For Investment Firms

Date 14/11/2022

The European Banking Authority (EBA) today published its final Regulatory Technical Standards (RTS) on specific liquidity measurement for investment firms under the Investment Firms Directive (IFD). These RTS will ensure that all competent authorities follow the same harmonised approach when adopting the decision to impose further liquidity requirements to an investment firm.  

BIS: Crypto Trading And Bitcoin Prices: Evidence From A New Database Of Retail Adoption

Date 14/11/2022

Summary

Focus 

Cryptocurrencies are volatile assets that have gone through multiple boom-bust cycles. To date, people do not use cryptocurrencies widely to make payments, to measure value or to finance real-world investments. Yet despite this, retail investors continue entering into crypto exchanges to trade cryptocurrencies like Bitcoin. What explains this adoption?

Expo 2022 - The Role Of Innovation And Intermediation - Opening Remarks Of Walt Lukken, President And CEO Of FIA, At The FIA Expo 2022 Conference In Chicago.

Date 14/11/2022

Welcome to FIA Expo, and welcome back to the Sheraton. For us old timers, this is FIA’s first event at this location since 1999. 

US Treasury Sanctions Global Russian Military Supply Chain, Kremlin-linked Networks, And Elites With Western Fortunes

Date 14/11/2022

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), alongside the U.S. Department of State, sanctioned a transnational network procuring technology that supports the Russian military-industrial complex. OFAC also designated a global network of financial facilitators, enablers, and others associated with two key Kremlin-linked elites whose fortunes are intertwined with the West. In total, today’s actions designated 14 individuals and 28 entities, and identified eight aircraft as blocked property. 

The New York Stock Exchange Lists Its First ETF On The Big Board In 15 Years

Date 14/11/2022

• PIMCO Active Bond Exchange-Traded Fund begins trading today, making it also the first active ETF to be listed on the NYSE
• Able to leverage the NYSE’s unique floor-based trading model, greater visibility

FSB Announces New Secretary General

Date 14/11/2022

The Financial Stability Board (FSB) has appointed John W Schindler as the new Secretary General of the FSB.

Securities Commission Of The Bahamas Update On FTX

Date 14/11/2022

On 10 November 2022, the Securities Commission of The Bahamas (“the Commission”) applied to the Supreme Court to appoint Mr. Brian Simms, KC as a court supervised provisional liquidator. Further, on 14 November 2022, Messrs. Kevin Cambridge and Peter Greaves of PricewaterhouseCoopers (“PwC”) were approved by the Court as joint provisional liquidators.

CFTC: LedgerX Withdraws Clearing Application

Date 14/11/2022

On Friday, November 11, 2022, counsel for LedgerX LLC, d/b/a FTX US Derivatives (FTX), submitted to the Commodity Futures Trading Commission’s Division of Clearing and Risk a formal withdrawal of FTX’s request, originally submitted on December 6, 2021, to amend FTX’s Amended Order of Registration as a derivatives clearing organization to allow FTX to offer products that are not fully collateralized. The application was not approved.