IOSCO found no evidence of causation between the movements in single-name credit default swap ("CDS") prices and the drop in bank shares during the March 2023 banking sector turmoil. IOSCO said the activity in the CDS market was a reaction to, not a driver of, the market stress.
News & Insights
In a new report, the Group of Thirty, an international body of financiers and academics, analyzed the potential benefits and the risks associated with new digitized forms of money—including cryptocurrencies, stablecoins, and central bank digital currencies.
SIFMA urged the SEC to adopt proposed "Regulation CC" as part of a broader effort to modernize and streamline the "Collateral Consequences" disqualification waiver process under the federal securities laws.
The U.S. Court of Appeals for the Tenth Circuit upheld a lower court ruling affirming that Federal Reserve Banks have discretion to deny master account applications from legally eligible institutions.
The Financial Action Task Force added three annexes, each addressing a distinct aspect of national risk assessment design and implementation, to its "Money Laundering National Risk Assessment Toolkit."