Federal Reserve Bank of New York senior economists described differences among stablecoins, reviewed the risks of runs on stablecoins and examined the stablecoin run of May 2022.
News & Insights
The American Bankers Association, the Bank Policy Institute, the Financial Services Forum, the Institute of International Bankers and SIFMA countered the arguments made by Federal Reserve Board Vice Chair Michael S Barr in support of a proposal to implement the Basel agreement.
The District Court of the Southern District of New York issued an Order that partially granted and partially denied summary judgement on the SEC's claim that the various defendants had engaged in unregistered distribution of securities in violation of the Securities Act.
A broker-dealer settled charges with several state securities regulators for charging “unreasonable commissions” to customers on low principal equity transactions.
A broker-dealer settled FINRA charges for overreporting the number of shares associated with its short interest positions.