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First Ever SEC Registered Digital Token IPO May Bring Clarity to Blockchain Asset Industry

by Alon Y. Kapen On May 3, 2021, blockchain-based trading platform operator INX Ltd. announced it had completed its initial public offering of digital tokens, raising...

OCC Hits the Brakes on Crypto and Fintech: What Next?

by Richard Gottlieb, Brian Korn and Craig Miller When Michael Hsu became acting U.S. Comptroller of the Currency earlier this month, banking industry experts predicted...

The Rise of Equity Capital Markets in Greater China

By Matthew Puhar, Sonia Lor, Allen Shyu, Dennis Yeung, Sophie Chu, Steven Franklin, Calvin Ng, Janice Wong 1.         Greater China’s Stock Markets Power Ahead With governments...

Time to Do the Foxtrot (Three Step): SEC Establishes Improved Process for Settlement of Digital Asset Securities

By: Richard B. Levin, Stephen A. Rutenberg and Peter F. Waltz The U.S. Securities and Exchange Commission (“SEC”) Division of Trading and Markets recently issued...

European ESG Disclosure Requirements for Asset Managers

by Kirsten Lapham, Michael Singh, Amar Unadkat, John Verwey A new European regime on sustainability-related disclosures in the financial sector will come into force from...

CFTC Considers New Approach to Regulation of Electronic Trading

by Donna Parisi, Geoffrey B. Goldman, Azam Aziz, Jennifer Oosterbaan Introduction In the wake of considerable market criticism of prior proposals, the CFTC has proposed a...

Boosting Blockchain: Germany to Introduce Electronic Securities

by Dr. Nick Wittek, Dr. Michael R. Fischer, Martin Schulte, Harriet Territt, Philippe Goutay, Stephen J. Obie, Mark W. Rasmussen In Short The Situation: The requirement for...

BIS Working Paper: Data vs Collateral

Summary Focus Collateral is used in debt contracts to mitigate the difficulties ("agency problems") that arise when the lender's knowledge of the borrower is incomplete ("asymmetric...

NAV Oversight & Contingency

Evolution of Industry Trends, Practices, & Solutions by Brad Bailey and Cubillas Ding, Celent ABSTRACT During the first half of this year, Celent conducted in-depth conversations with global asset...

Cybersecurity Preparedness and the Growing Importance of Operational Resiliency

by  Brian E. Finch, Cassie Lentchner, David Oliwenstein, Pillsbury Winthrop Shaw Pittman LLP Although the Securities and Exchange Commission (SEC) and New York State Department of Financial...

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