Sia US FS - Weekly Regulatory Update
Sia US FS - Weekly Regulatory Update
Acting Chairman Pham: Time For CFTC to Get Back to Basics
2025-01-21 From: Commodity Futures Trading Commission | Press Releases
Caroline D. Pham, Acting Chairman of the CFTC, emphasizes market integrity and liquidity in commodity derivatives markets to support American businesses. With a focus on responsible innovation and fair competition, Pham aims to promote efficiency and access to markets. She has a background in law and finance, including expertise in crypto assets. Pham has engaged with international stakeholders on regulatory issues and has experience in executive roles at Citigroup. As the first Vietnamese-American woman in a Senate-confirmed executive position, Pham brings a wealth of experience and leadership to the CFTC.
FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System
2025-01-21 From: Federal Deposit Insurance Corporation | Press Releases
FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System
Evaluation of the effects of securitisation reforms: Overview of the responses to the consultation
2025-01-22 From: Financial Stability Board | Consultations
The FSB released a consultation report on the impact of G20 financial regulations on securitisation, gathering feedback from stakeholders. The final report incorporates changes based on the feedback received and additional analysis by the FSB.
Potential Impacted Parties:
Compliance, Legal
Topics:
Economic study
Commissioner Gomez Statement on Chairman Carr Designation Headline
2025-01-21 From: Federal Communications Commission | News and Events
2025-01-23 From: Financial Stability Board | Publications
In line with the FSB’s mission to promote international financial stability, our priorities for 2025 reflect challenges that are global in nature and affect the financial system as a whole, such as digitalisation and climate change. Work will continue in key areas such as non-bank financial intermediation and cross-border payments. The FSB will keep monitoring emerging financial vulnerabilities and continue its work to implement agreed reforms and evaluate their effects with a view to maintain the resilience of the global financial system. Priority areas of work for 2025 include: Ahead of the G20 Leaders Summit in November 2025, the FSB will publish its comprehensive Annual Report on its work to promote global financial stability.
Gomez on Culture Wars and Ending Diversity Equity & Inclusion Efforts Headline
2025-01-22 From: Federal Communications Commission | News and Events
2025-01-23 From: New York Department of Financial Services | Enforcement and Discipline
The New York State Department of Financial Services and PayPal have resolved cybersecurity matters through a Consent Order. PayPal violated regulations related to cybersecurity controls, resulting in unauthorized access to consumer information. PayPal will pay a $2 million penalty and implement remediation efforts. The Department acknowledges PayPal's cooperation and commitment to compliance. The Consent Order outlines terms for future actions and consequences for breaches. This case highlights the importance of cybersecurity measures in protecting consumer data and ensuring regulatory compliance.
Potential Impacted Parties:
Legal, Compliance
Topics:
Risk Management, Payments services / Cash management / Retail, Tax Compliance, Compliance
SEC Crypto 2.0: Acting Chairman Uyeda Announces Formation of New Crypto Task Force
2025-01-21 From: SEC | Press Releases
Evaluation of the Effects of the G20 Financial Regulatory Reforms on Securitisation: Final report
2025-01-22 From: Financial Stability Board | Publications
The article discusses regulatory reforms in securitisation markets post-2008 crisis to address incentives and transparency. Reforms aim to strengthen lending standards, reduce leverage, and align incentives. Evaluation report focuses on CDO/CLO and RMBS markets, outlining IOSCO and BCBS recommendations. Reforms have improved market resilience, but further testing through a full credit cycle is needed, especially for CLOs.
Potential Impacted Parties:
Compliance, Legal
Topics:
Economic study, Risk Management
2025-01-22 From: Financial Stability Board | Press Releases
The Financial Stability Board (FSB) report evaluates the impact of G20 financial regulatory reforms on securitisation, finding increased market resilience. Risks have shifted to non-bank sectors, prompting calls for monitoring and aligned incentives. The FSB aims to reduce misaligned incentives and moral hazard in the securitisation market. The report highlights the need for continued evaluation as the market has not been tested through a full credit cycle. The FSB, chaired by Klaas Knot, coordinates international financial authorities to promote stability.
Potential Impacted Parties:
Compliance, Legal
Topics:
Economic study, Risk Management
Statement from Acting Chairman Travis Hill
2025-01-21 From: Federal Deposit Insurance Corporation | Press Releases
Statement from Acting Chairman Travis Hill
