{
Banking & Investment Regulations

SubCategory

}
Jump Trading fined 123 million dollars over TerraUSD stability claims
Jump Trading has agreed to pay $123 million to settle SEC charges related to its involvement in the collapse of the algorithmic stablecoin TerraUSD, which resulted in over $40 billion in investor losses. The SEC accused the firm of misleading investors about TerraUSD's stability and violating securities laws during Luna token offerings. Despite earning $1.28 billion from backing TerraUSD, the settlement suggests an acknowledgment of the issues surrounding its actions, prompting calls for stricter regulations in the crypto market.
Crypto News Flash
Jump Trading LLC USA Mario Nawfal Show more
Regulatory & Legal, News Article
12:00 22.12.2024
ubs intensifies lobbying to avoid stricter regulations after credit suisse crisis
UBS has intensified lobbying efforts to prevent new regulations following the Credit Suisse crisis, with significant donations to conservative parties raising concerns. The SP calls for a ban on party funding from UBS, arguing that it undermines regulatory independence and accountability. The PUK report highlights how bank lobbying contributed to regulatory fatigue, impacting the effectiveness of FINMA.
Tages-Anzeiger
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Céline Widmer Gerhard Andrey Gerhard Pfister Anny Klawa-Morf Jürg Grossen Thomas Matter Sergio Ermotti Show more
Regulatory & Legal, News Article
00:00 22.12.2024
Switzerland's banking crisis: the need for stronger financial supervision
Switzerland's banking history is marred by crises, from the 90s real estate bubble to UBS's near-collapse in 2008. Strengthening Finma's powers and clarifying supervisory roles are crucial, yet past political complacency raises concerns about future vigilance and the risk of self-regulation returning. The Confederation must adopt a proactive stance to prevent existential financial crises, particularly regarding UBS's perceived threat.
@letemps
United States Dollar Credit Suisse Real Estate Fund Siat CHE
Regulatory & Legal, News Article
21:04 21.12.2024
eu's usdt ban raises concerns over liquidity and market competitiveness
The European Union's upcoming MiCA regulations, effective December 30, 2024, will ban USDT, the leading stablecoin, from regulated platforms, raising concerns about liquidity and market competitiveness. This strict approach contrasts with more permissive strategies in regions like the U.S., potentially driving talent and investment away from Europe. The challenge lies in balancing regulation with innovation to maintain a robust digital economy.
Cointribune
Euro United States Dollar USA Pascal St Jean
Regulatory & Legal, Market Report
20:05 21.12.2024
Ripple lawsuit highlights regulatory challenges amid US political tensions
The Ripple lawsuit against Bradley Sostack is set against a backdrop of regulatory challenges and potential political instability in the U.S. Key dates include a mediation questionnaire due on December 23, 2024, and a critical presentation of arguments in March 2025. The outcome could significantly impact the regulatory landscape for cryptocurrencies, particularly XRP, amid ongoing concerns about the SEC's effectiveness and the broader implications for innovation and investor protection.
Cointribune
United States Dollar USA Brad Sostack Brad Garlinghouse
Regulatory & Legal, News Article
14:05 21.12.2024
German court rules on early repayment penalties for cooperative banks
The Federal Supreme Court has ruled that cooperative banks must reimburse early repayment penalties due to inadequate information in loan agreements. Borrowers who paid these penalties in 2021 should act quickly, as claims may become time-barred by December 31, 2024. Legal advice is recommended to assess entitlement and calculation errors.
anwalt.de
DE VOLKSBANK 24/31 MTN DEU Sebastian Koch
Regulatory & Legal, Press Release
13:10 21.12.2024
reforming financial oversight after credit suisse crisis calls for stronger governance
The PUK report on Credit Suisse's downfall presents thirty proposals aimed at enhancing financial supervision and addressing the "too big to fail" issue, emphasizing the need for better coordination among authorities. While the Federal Council acknowledges most recommendations, it rejects a key proposal for stricter residency requirements for board members, citing existing corporate governance regulations. The report highlights the ineffectiveness of FINMA's interventions and raises concerns about the regulatory capture of financial authorities.
Die Weltwoche
United States Dollar Credit Suisse Real Estate Fund Siat CHE Thorsten Hensel
Regulatory & Legal, News Article
11:01 21.12.2024
Swiss banking regulation faces scrutiny amid unresolved state guarantee concerns for UBS
The Federal Council has reaffirmed its rejection of a state guarantee for UBS, citing risks of competition distortion and the need for higher capital requirements. The PUK report highlights the unresolved issue of taxpayer protection and calls for stronger regulatory measures, including potential nationalization options for large banks. As Switzerland grapples with the implications of the Credit Suisse crisis, the future of banking regulation remains uncertain.
Neue Zürcher Zeitung
Credit Suisse Real Estate Fund Siat PostFinance Fonds 3 Zürcher Kantonalbank CHE Ueli Maurer Show more
Regulatory & Legal, News Article
06:30 21.12.2024
El Salvador seeks IMF support amid challenges to Bitcoin adoption
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, facing immediate criticism, particularly from the IMF, which cited risks to financial stability and consumer protection. To secure a $1.4 billion liquidity injection, El Salvador is now complying with IMF conditions that limit cryptocurrency adoption, revealing vulnerabilities in its ambitious Bitcoin initiative.
Crypto Valley Journal
United States Dollar SLV
Regulatory & Legal, News Article
06:00 21.12.2024
Cardano's Governance Challenges and Future Plans for 2025 Explained by Hoskinson
In a December 2024 livestream, Cardano founder Charles Hoskinson discussed governance challenges and strategic priorities for 2025, emphasizing the need for community accountability within the Cardano Foundation. He outlined plans for a community-approved constitution and an annual on-chain budget to support ecosystem growth, while expressing concerns over potential resistance from the Foundation. Despite governance hurdles, Hoskinson remains optimistic about Cardano's future, highlighting upcoming innovations like Bitcoin integration and the Midnight sidechain, which he predicts will significantly impact the ecosystem.
Bitcoinist.com
IMN CHE Charles Hoskinson
Regulatory & Legal, Transcript
00:30 21.12.2024
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USA CHE ARE DEU HKG AUS GBR JPN IND CHN SGP DNK CAN NGA FIN COL AUT TUR KOR ARG
Companies:
Credit Suisse Real Estate Fund Siat BlackRock, Inc. Coinbase Global, Inc. Solana USD Ethereum USD Fidelity Contrafund Cardano USD Tesla, Inc. Ripples USD Apple Inc. Grayscale Litecoin Trust NVIDIA Corporation MicroStrategy Inc Chainlink USD Google Inc. End Federal Reserve USD Amazon.com, Inc. Crypto.com Staked ETH USD Bitwise Bitcoin ETF Tether USDt CNY
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United States Dollar Euro Swiss Franc Australian Dollar Japanese Yen Canadian Dollar Mozambican Metical Indian Rupee British Pound Sterling Norwegian Krone Mongolian Tögrög Colombian Peso Singapore Dollar
People:
Donald Trump Ali Martinez Elon Musk Karin Keller-Sutter Jerome Powell Ueli Maurer Thomas Jordan Michael J. Saylor Colm Kelleher Gary Gensler Alan Santana Paul Atkins Martin Schlegel Isabelle Chassot Mario Nawfal Sergio Ermotti Dana White Joe Rogan Bill Gates Fred Thiel

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