Patomak CEO Paul Atkins comments on SEC Commissioner Hester Peirce’s efforts on cryptocurrency regulation in a Roll Call story.
Patomak’s Jamila Piracci and Ted Serafini highlight a few of the key themes from some of the comment letters that stakeholders have filed with the SEC in response to the March 2021 request for public input on the Commission’s existing climate change disclosure requirements and potential future changes to those requirements. They also provides additional considerations for how interested parties are likely to continue the dialogue with the Commission and its staff during the rulemaking process.
Financial Industry Regulatory Authority (FINRA) examiners are asking Consolidated Audit Trail (CAT) questions in broker-dealer annual exams this year, which in turn are raising concerns internally about how best to respond and how to comply.
In April 2020, electronic Chinese yuan (e-CNY) pilot programs launched in four cities. The digital currency’s debut was the culmination of a six-year journey that began when China’s central bank, the People’s Bank of China (PBOC), announced its research into a “Digital Currency/Electronic Payment” system in 2014. Today, although many critical details of the payment system remain opaque or undecided, e-CNY pilots are rapidly accelerating in scope and size.
Patomak Global Partners fintech experts release the first article in a series that examines some of the issues regulators are likely to encounter as activity continues to grow in Decentralized Finance (DeFi), as well as what those operating in the space should consider.
Joanna Fields recently spoke with FinOps Report about the events surrounding the Archegos Capital Management implosion and offered good practice recommendations on how broker-dealers can evaluate and reduce their counterparty risk using a holistic management program.
Patomak’s Kristine Johnson co-authored a paper for Third Way that details how Bitcoin—the most popular digital currency—is used to facilitate ransomware attacks and how criminals try—and sometimes fail—to cover their tracks. Understanding how criminals use digital currencies for ransomware attacks can lead policymakers to solutions in thwarting and enforcing cybercrimes.
The Consumer Financial Protection Bureau (CFPB) has increased its focus on mortgage servicers. Mortgage servicing intersects two CFPB priority areas: COVID-19 relief and discrimination enforcement. Mortgage servicers should be prepared for a significant increase in the CFPB’s regulatory activity.
Paul Atkins served as a panelist at the SEC’s Investor Advisory Committee hearing on June 10 that focused on market structure.
As widely reported, the newly confirmed Chair of the Securities and Exchange Commission (SEC or Commission), Gary Gensler, is expected to put forth proposals around disclosure of environmental, social and governance (ESG) factors, beginning with climate risk disclosure. While the U.S. is in the early stages of its ESG journey, the European Union (EU) is much further along.