Regulators Archives - Compliancex

Crypto Market Turmoil Highlights Personal Risks for Compliance Chiefs

Jack J. Kelly Chief Compliance Officer, Compliance, Compliance Jobs, Cryptocurrency, Regulators, Scapegoat August 9, 2022

The recent crash in the price of some cryptocurrencies, along with a series of hacks and bankruptcies as well as potential new regulatory regimes, underscores the importance of compliance programs in helping protect crypto firms from running afoul of the law. But the increased ...Read More

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European crypto regulator raises concerns over finding qualified staff

admin Cryptocurrency, Regulators July 27, 2022

The European Banking Authority (EBA), the entity mandated with regulating cryptocurrencies in the region, has raised concerns over its ability to carry out the task citing a lack of staff and logistical challenges. EBA’s chair José Manuel Campa has revealed that the institution has challenges ...Read More

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Revolut executive resigns amid growing tensions with regulator

Jack J. Kelly FinTech, Regulators, Regulatory Alerts and News, Regulatory News and Developments July 11, 2022

One of Revolut’s UK regulatory chiefs has stepped down from her role amid growing tensions between the fintech firm and the Financial Conduct Authority over its sluggish progress on towards a banking licence. Deirdre Halligan, head of global affairs, wealth and trading, oversaw the ...Read More

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Controversial SEC proposal would rein in large shareholders like Elon Musk

Jack J. Kelly Elon Musk, Investors, Regulators, SEC, Shareholders, Tesla April 7, 2022

Tesla (TSLA) CEO Elon Musk’s disclosure on Monday that he acquired a 9.2% stake in Twitter (TWTR) represents just the type of surprise for investors that U.S. regulators may soon curtail. In February, the U.S. Securities and Exchange Commission proposed a controversial rule change that it says can ...Read More

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Barclays freezes ex-CEO’s $29 million bonus as regulators probe links to Jeffrey Epstein

Jack J. Kelly Barclays, Jeffrey Epstein, Regulators February 24, 2022

Barclays is withholding shares worth as much as $29 million from former CEO Jes Staley, pending the outcome of an investigation by British banking regulators into his relationship with Jeffrey Epstein. The bank said in its annual report published on Wednesday that it has suspended ...Read More

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BlockFi to Pay $100M Penalty, Stop Opening New High-Yield Bitcoin Accounts: Report

Jack J. Kelly Bitcoin, BlockFi, Investigation, Regulators February 14, 2022

Crypto lending platform BlockFi has agreed to pay $100 million to settle ongoing investigations from the U.S. Securities and Exchange Commission and multiple state securities regulators. According to a Bloomberg report based on anonymous sources, BlockFi will also discontinue new high-yield accounts for most U.S. residents. ...Read More

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Credit Suisse to tighten the reins after string of scandals

Jack J. Kelly Credit Suisse, Regulators, Scandal, Swiss Banks November 4, 2021

Credit Suisse will unveil a new centralised structure on Thursday in an attempt to bring its far-flung divisions to heel and draw a line under a string of scandals that have cost the Swiss bank billions of dollars, two sources said. Over the past ...Read More

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U.S. regulators exploring how banks could hold crypto assets – FDIC chairman

Jack J. Kelly Banks, crypto, Regulators October 27, 2021

LAS VEGAS (Reuters) – A top U.S. bank regulator said U.S. officials are looking to provide a clearer path for banks and their clients that are looking to hold cryptocurrencies, in order to keep control over the fast-developing asset. Jelena McWilliams, who chairs the ...Read More

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SEC commissioner: Investors have the right to make their own decisions without regulators standing in the way

Jack J. Kelly Investors, Regulators, SEC October 12, 2021

As a commissioner at the Securities and Exchange Commission, an important part of my job is protecting investors from the fraudsters who can cause them so much harm. Although swindlers often change their pitch to reflect the day’s most popular trends — cannabis, crypto ...Read More

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China’s regulatory crackdown has wiped billions off tech stocks — here are the risks ahead

Jack J. Kelly Antitrust, Cybersecurity, Regulators, Stocks August 30, 2021

Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector — a move that’s spooked investors and wiped out billions of dollars in value from the country’s internet giants. The legislative onslaught began in November ...Read More

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