The SEC’s amendments to the custody rule with regards to the segregation of cash have been referred to as ‘unworkable’, according to experts at the very top of the asset servicing world, but there have been few updates since it was first announced.
Another step for overturning of controversial crypto custody regulation which hinders incumbent banks, though President Joe Biden has vowed to veto.
Bittersweet news for incumbent custodians looking to offer digital asset custody as President Joe Biden vows to veto the resolution overturning SAB 121, despite approval from the House of Representatives.
More than 40% of attendees at The Network Forum Africa 2024 identified unclear regulatory frameworks as the primary operational obstacle facing the African market.
The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices of non-bank market participants, focusing on liquidity risks arising from spikes in margin and collateral calls.
Dry run will collect information from financial entities through their competent authorities in preparation for the implementation and reporting of registers of information under DORA.
The letter lists challenges and opportunities found during the first year of application which include innovative solutions for cash settlement, custody through self-hosted wallets, interoperability and more.
Simultaneously, the watchdog has launched its third, and final, consultation package under the Markets in Crypto-Assets (Mica) regulation.
Asset servicer offers access to fintech solutions through an online marketplace which will now include PRIIPs offering from AlphaOmega.
“No logical or economic basis for progressive penalties” says one association as others reply to European regulators to point out the damaging unintended consequences of such a system.