Jun 5, 2023 | Capital Markets, Statement
CCMR – Crypto Exchange Registration Statement – 06-06-23 In early 2021, Chair Gensler of the U.S. Securities & Exchange Commission (the “SEC”) acknowledged that cryptoasset trading platforms are not subject to the existing regulatory regime for...
May 9, 2023 | Capital Markets, Financial Stability, Letter
The Committee on Capital Markets Regulation (the “Committee”) is grateful for the opportunity to provide comments to the U.S. Securities and Exchange Commission (the “SEC”) on its proposed rule under the Investment Advisers Act of 1940 (the “Advisers Act”)1 regarding...
May 1, 2023 | Banking, Capital Markets, Financial Stability, Statement
May 1, 2023The final round of Basel III reforms (“Basel Finalization”)1 may significantly increase U.S. bank capital requirements. Any such increase would come at a time when U.S. bank capital levels are already very high and would problematically coincide with the...
