U.S. Regulatory Update

Highlights CFTC, SEC, and DOJ Charge Archegos and Executives with Scheme to Defraud On 27 April, the Commodity Futures Trading Commission (“CFTC”) announced the (i) filing of charges against Archegos Capital Management, LP and its former chief financial officer,...

U.S. Regulatory Update

Highlights CFPB Proposes to Regulate Fintechs Like Banks On 24 April, the Consumer Financial Protection Bureau (“CFPB”) announced that it is proposing a procedural rule to “invoke[e] a largely unused legal provision to examine nonbank financial companies that pose...

U.S. Regulatory Update

Highlights Biden Announces Intent to Nominate Michael Barr to Service as Fed Vice Chair of Supervision On 15 April, President Biden announced his intent to nominate Michael Barr to serve as Vice Chair for Supervision at the Federal Reserve (“Fed”). Barr currently is a...
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