UK/EU Investment Management Update (November 2023)
1. UK — FCA Updates 2. UK — Bonus Cap 3. UK — Asset Management 4. UK — Market Abuse...
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China’s biggest lender ICBC hit by ransomware attack
Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its branch in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 9 (Reuters) - The Industrial and Commercial Bank of China's (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.ICBC Financial Services, the U.S. unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its...
Crypto lender Celsius Network cleared to exit bankruptcy
Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire...
UK stablecoins regulatory regime: FCA and Bank of England publish proposals
Following HM Treasury’s October 2023 policy update on plans for regulating stablecoins, the Bank of England (Bank) and the Financial...
CFPB previews consumer data portability rule meant to accelerate US open banking adoption
On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued an advance notice of proposed rulemaking (ANPR) with respect...
Cyber_Bytes – Issue 58 – Lexology
Welcome to Cyber_Bytes, our regular round-up of key developments in cyber, tech and evolving risks. Changes to the One-Stop-Shop In...
Back to the Future: CFTC Proposes to Amend Customer Funds Investment Rule Including to Again Permit Investments in Certain Non-US Sovereign Debt
The Commodity Futures Trading Commission (CFTC) has proposed to lessen a blanket restriction on the investment of customer funds in...
US Senate Democrats block Republican bid to aid Israel, not Ukraine
The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - U.S. Senate Democrats on Tuesday blocked a Republican effort to win quick approval for a bill providing emergency aid to Israel that passed the House of Representatives last week, but that provides no assistance for Ukraine's war against Russia.Republican Senator Roger Marshall said: "Time is of the essence and it's imperative that the Senate not delay delivering this crucial aid to Israel another day," he said.Democrats objected, stressing...
Bank of England considers ‘fundamental rules’ for clearing houses
A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON,...
Europe to issue launcher “challenge” in Seville space talks
A model of Europe's next-generation space rocket Ariane 6 is pictured at the German Aerospace Center (DLR) in Lampoldshausen near...
