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Brussels Regulatory Brief: May 2024
The National Law Review· 3 days agoOn 12 April 2024, the European Commission (Commission) approved the plan to unwind a transaction in the early cancer detection sector that was...
Temu designated as VLOP under EU Digital Services Act rules
Retail Insight Network via Yahoo Finance· 6 days agoThe European Commission (EC) has officially recognised fast-fashion e-commerce retailer Temu, which...
Breakingviews: Five reasons financial disasters are hard to avoid
Reuters· 3 days agoIf we understand the causes of financial crises and how to prevent them, why do they keep happening?...
EU Ratifies Pioneering Artificial Intelligence Legislation | JD Supra
JD Supra· 6 days agoOn May 21, 2024, the European Union finalized the adoption of the groundbreaking EU Artificial Intelligence Act, a comprehensive and sector-agnostic legislation that extends globally. The Act ...
Office Building Losses Start to Pile Up, and More Pain Is Expected
New York Times· 3 days agoThe distress in commercial real estate is growing as some office buildings sell for much lower...
CFTC’s GMAC: Bank Capital Proposals Will Harm Cleared Derivatives Markets and Improvements Needed to...
JD Supra· 2 days agoThe Global Markets Advisory Committee (“GMAC”) of the U.S. Commodity Futures Trading Commission (“CFTC”) issued on June 4, 2024, a report on cleared derivatives and recommendations for non-cleared ...
Wall Street frets over timeline for centralized Treasury clearing
Reuters via Yahoo Finance· 2 days agoThe Securities and Exchange Commission in December adopted new rules aimed at reducing systemic risk...
US SEC's Gensler welcomes competition on multiple clearing houses for Treasuries
Reuters· 3 days agoGary Gensler, chair of the Securities and Exchange Commission, said on Wednesday he welcomed...
Cayman Islands Branch of FDIC-Insured U.S. Bank Ineligible for Chapter 15 Relief | JD Supra
JD Supra· 4 days agoThe Bankruptcy Code bars certain individuals or entities from filing for bankruptcy protection, generally because they do not reside or have a place of business or property in the United States ...
It’s the Fed That’s a Risk to Financial Stability
The New York Sun· 5 days agoWhistling a happy tune, the Federal Reserve vice chairman for supervision, Michael Barr, recently testified to Congress that “overall, the banking system...