United States

Cryptocurrency

FTX Has Recovered Over $7.3b in Cash & Liquid Crypto

By Editors | 13/04/2023

FTX attorney Andy Dietderich reportedly said the situation has stabilised and “the dumpster fire is out”.

Supervision & Enforcement

Taiwan FSC Signs Supervisory Cooperation MoU with NYDFS

By Editors | 13/04/2023

The MoU covers information sharing, financial inspections, disciplinary actions, licensing approvals, and confidentiality related to supervisory duties.

Trading & Investment

CFTC Fines Goldman Sachs for Swaps Conduct Failures

By Editors | 12/04/2023

The CFTC said Goldman touted supposed benefits of same-day swap transactions to clients, but not the corresponding costs.

AI Risk & Governance

Italy ChatGPT Ban Prompts Broader Scrutiny of AI Tools

By Manesh Samtani | 12/04/2023

Taiwan is exploring the use of AI tools by banks. China has issued draft rules for AI development. The US is exploring accountability mechanisms for AI systems.

Resolution & Recovery

Report Examines Policy Implications of US Bank Bailouts

By Mark Johnston | 11/04/2023

Congressional Research Service report examines policy issues raised by the systemic risk exception invoked for SVB and Signature Bank.

Custody & Infrastructure

New FTX Report Reveals Extent of Control Failures

By Manesh Samtani | 11/04/2023

FTX stored private keys in plain text documents without encryption on an FTX group server that was accessible by staff.

PEPs & Sanctions

China Sanctions US Organisations over Taiwan Presidential Visit

By Editors | 11/04/2023

China sanctioned the Ronald Reagan Presidential Library and US think tank Hudson Institute for hosting Taiwan President Tsai Ing-wen last week.

KYC & CDD

US State Regulators Fine Robinhood for Causing Investor Harm

By Editors | 11/04/2023

Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.

Clearing & Post-Trade

Taiwan, Canadian Regulators Cross-border Clearing MoU

By Editors | 10/04/2023

The MoU supports TAIFEX’s application for recognition as an exempted clearing agency in Ontario, which will enable Canadian FIs to use its clearing service.