Popular, Financial Markets

Canaries and coal mines, US insurers and climate change

McDermott Will & Schulte on 7/17/2025

Canaries are the most familiar of “sentinel species” – animals (and plants) that can alert us to threats to human health and the environment. Those who know their mining history also know that canaries were first used in...more

Negotiating Economics: What are the Different Advantages of Co-Investment for GPs and LPs?

Ropes & Gray LLP on 7/16/2025

GPs are increasingly exploring formalised co-investment structures in a bid to secure management fees and carried interest. Co-investment activity has increased fivefold over the past two decades, hitting a record $33.2...more

US Stablecoin Market Hits Milestone: Regulation and IPO

Barnea Jaffa Lande & Co. on 7/15/2025

The stablecoin market has reached a regulatory and business milestone. Two significant actions took place in the United States in recent weeks that signal progress toward the institutionalization of the stablecoin market: the...more

Hong Kong Passes Law on Stablecoins

Jones Day on 6/24/2025

The new law complements existing laws on digital tokens and virtual assets....more

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – June 2025 # 3

Troutman Pepper Locke on 6/18/2025

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more

CFTC Staff Letter 25-14: What Is a “U.S. Person”?

McDermott Will & Schulte on 6/9/2025

On May 21, 2025, the Commodity Futures Trading Commission’s (CFTC) Market Participants Division and Division of Market Oversight jointly issued Staff Letter 25-14 in response to a request from SCB Limited, a Bahamas-based...more

CFTC Divisions Interpret "U.S. Person" Definition and U.S. Location Versus Foreign Location

Jones Day on 6/2/2025

A 2024 CFTC enforcement action settlement that may have introduced a new test for when the Commodity Exchange Act and the agency's regulations apply on a cross-border basis concerned then-CFTC Commissioner and now Acting CFTC...more

CFTC Staff Issue Interpretive Guidance on Cross-Border Definitions

Morrison & Foerster LLP on 5/30/2025

The CFTC staff have issued interpretative guidance regarding the application of cross-border definitions under the CFTC’s regulatory regimes covering swaps, foreign futures and foreign options transactions, and foreign boards...more

Hot Topics in International Trade - April 2025 - Security for New Bitcoin Strategic Reserve

Braumiller Law Group, PLLC on 4/10/2025

New Bitcoin Strategic Reserve: On March 7, 2025, the White House hosted a Digital Assets Summit to celebrate the creation of a Bitcoin Strategic Reserve and a Digital Assets Stockpile by an Executive Order titled,...more

U.S. SEC Issues Statement on Stablecoins

Morrison & Foerster LLP on 4/9/2025

On April 4, 2025, the staff of the U.S. Securities and Exchange Commission (SEC or “Commission”) Division of Corporation Finance (“Staff”) issued a statement on stablecoins (the “Stablecoin Statement”), outlining the Staff’s...more

The Future of Corporate Venture Capital: Evolving from Strategic Tourist to Long-Term Partner

WilmerHale on 4/4/2025

For decades, corporate venture capital has occupied an ambiguous place in the innovation ecosystem—somewhere between strategic experimentation and financial opportunism. But as the market matures and disruption becomes the...more

Weekly Blockchain Blog - March 2025 #5

BakerHostetler on 3/31/2025

In a recent press release, Custodial Bank and Vantage Bank announced “America’s first bank-issued stablecoin on a permissionless blockchain.” According to the press release, “[t]he banks collaborated on the mint, transfer and...more

Applying NMS Principles to Crypto Markets

Davis Wright Tremaine LLP on 3/27/2025

Applying Reg. NMS to crypto exchanges could enhance transparency through reforms including a consolidated market data feed and equal data access regulations. A crypto-specific Securities Information Processor (SIP) could...more

IOSCO Releases Consultation on Pre-Hedging Practices

Jones Day on 12/18/2024

Pre-hedging has been the subject of significant debate within the financial industry in recent years, with concerns often raised over potential conduct and market integrity issues. The regulatory landscape remains fragmented,...more

International Organization of Securities Commissions Publishes Consultation Report on Pre-Hedging

A&O Shearman on 12/2/2024

The International Organization of Securities Commissions has published a consultation report on pre-hedging. The report assesses potential conduct and market integrity issues associated with the practice of pre-hedging. IOSCO...more

International Sanctions Requirements for Virtual Asset Service Providers: a Cayman Perspective

Conyers on 11/20/2024

As the war continues to rage on the Eastern front between Russia and Ukraine, the financial sanctions resulting from the initial invasions and ongoing conflict seem likely to continue to play a significant part in the global...more

Brussels Regulatory Brief: October 2024

K&L Gates LLP on 10/28/2024

On 18 September 2024, the General Court of the European Union (General Court) largely upheld the fine imposed by the European Commission (Commission) finding that a global tech company had engaged in predatory pricing of its...more

New York Climate Week: TFMR event explores perspectives on accelerating decarbonization

A&O Shearman on 10/14/2024

We were delighted to host the U.K. Transition Finance Market Review’s (TFMR) flagship event at New York Climate Week, in partnership with the City of London Corporation who host the TFMR secretariat. The session offered a...more

Europe’s banks restructure, consolidate and partner their way into the digital future

White & Case LLP on 10/4/2024

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 - 3 key drivers of bank M&A: - Arrival of long-awaited mammoth consolidation deals: Italy’s UniCredit and Spain’s BBVA sound the charge. - “Challenger”...more

Are Whistleblower Protection Violations the New SEC Sweep?

Ballard Spahr LLP on 9/18/2024

The Securities and Exchange Commission (SEC) continues to investigate companies for including language in their employment and separation agreements or retail client settlement agreements that potentially discourages...more

HKEx’s Enhanced Climate Disclosure Requirements

Seyfarth Shaw LLP on 9/6/2024

On 14 April 2024, the Stock Exchange of Hong Kong Limited published conclusions to its consultation on the enhancement of climate-related disclosures under its environmental, social, and governance (“ESG”) framework. With...more

The Bre-X Mining Scandal, Part 3: Why Was No One Prosecuted

Thomas Fox - Compliance Evangelist on 9/6/2024

In the annals of corporate fraud, few scandals match the magnitude of the Bre-X mining affair. For compliance professionals, the lessons from this incident resonate deeply, not just because of the scale of the deception but...more

The Bre-X Mining Scandal, Part 1: A Scandal for the Ages

Thomas Fox - Compliance Evangelist on 9/4/2024

Few corporate scandals are still as infamous or devastating as the Bre-X mining scandal. What began as a story of incredible wealth, fueled by the promise of one of the largest gold deposits ever discovered, unraveled into...more

Securities Class Action Filings 2024 Midyear Assessment - Non-U.S. Core Federal Filings

Cornerstone Research on 8/12/2024

This is an excerpt from Securities Class Action Filings 2024 Midyear Assessment - This index tracks the number of core federal filings against foreign issuers (i.e., companies headquartered outside the United States)...more

Why the Capital One-Discover Merger Makes Sense

Mogin Law LLP on 8/5/2024

When federal agencies review bank mergers, the competition issues typically relate to the number and location of physical branches and the extent of any overlap in the areas served. By contrast, the proposed $35 billion...more

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