Insights

Combatting AI-Enabled Fraud – A Top Financial Crime Threat
AML, Sanctions, & CFIUS Diane Daley, Heather Espinosa Risk Management & ComplianceSummary
Situation Overview: In January 2026, the Association of Certified Anti-Money Laundering Specialists (ACAMS) published its 2026 Global Anti-Financial Crime Threats Report (ACAMS Report). The ACAMS Report identified artificial intelligence…

Prediction Market Surveillance: CFTC Advisory and SRO Enforcement Action
Derivatives Colm Davidson, Harper Swope, Robert Lulgjuraj, Tim Brown, Sudhir Jain Risk Management & ComplianceSummary
Situation Overview: Kalshi announced that it pursued enforcement actions against two participants for alleged manipulative trading activity. The CFTC also issued a related Prediction Markets Advisory reaffirming its oversight authority…

OCC GENIUS Proposal: Three Policy Issues to Watch
Banking & Consumer Finance, Digital Assets Andrew Grub, Sam Canavos, Mona Elliot, Keith Noreika Risk Management & ComplianceSummary
Situation Overview: The Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking (NPR) to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The NPR addresses…

A New Chapter for Shareholder Proposals: Best Practices for Navigating the 2026 Proxy Season
Securities Cory Jack, Laura Magyar Risk Management & ComplianceSummary
Situation Overview: In November 2025, the U.S. Securities & Exchange Commission’s (SEC) Division of Corporation Finance announced that, for the 2025–2026 proxy season, it will no longer issue substantive “no-action” letters…

CFTC Chair Outlines Priorities for Prediction Markets and Digital Asset Market Structure
Derivatives, Digital Assets Sam Canavos, Sudhir Jain Risk Management & Compliance, Strategy & AdvisorySummary
Situation Overview: On January 29, Commodity Futures Trading Commission Chair Michael Selig made his first public remarks at the CFTC-SEC harmonization event. Among other things, Chairman Selig laid out the agency’s priorities, which…

CFTC Swap Rules for Renewable Energy Transactions: What VPPA Participants Must Know
Derivatives Anne Montminy, Tim Brown, Drew Godsell Risk Management & Compliance, Strategy & AdvisorySummary
Situation Overview: Virtual power purchase agreements (VPPAs) are classified as swaps under the Commodity Exchange Act (CEA). All firms engaging in VPPAs are obligated to comply with certain CFTC regulations, including non-financial…

CFTC Issues No-Action Relief for Swap Data Reporting Error Corrections
Derivatives Anne Montminy, Tim Brown, Drew Godsell Risk Management & Compliance, Strategy & AdvisorySummary
Situation Overview: On December 10, 2025, the Commodity Futures Trading Commission (CFTC) issued no-action relief regarding the correction of errors in swap transaction and pricing data submitted to a swap data repository (SDR).
What:…

Patomak Global Partners Named One of the Top Consulting Firms in Fintech by Chambers & Partners
News, News Release Patomak Global PartnersWASHINGTON D.C. – Patomak Global Partners is honored to share that it has been ranked as one of the top fintech consultancies in the United States for the second consecutive year by Chambers and Partners in the Chambers FinTech Guide 2026.
Each…

SEC’s 2026 SBSD and SBSEF Examination Priorities: What Firms Should Expect and How to Prepare
Derivatives Petar Lovric, Anne Montminy Risk Management & Compliance, Strategy & AdvisorySummary
Situation Overview: The Securities and Exchange Commission’s (SEC) Division of Examinations (Division) released its 2026 examination priorities for Security-Based Swap Dealers (SBSDs) and, for the first time, examinations for Security-Based…

SBSD De Minimis Threshold Phase-In: Potential Relief Ahead, but Firms Should Prepare for All Scenarios
Derivatives Pamela Geraghty, Petar Lovric Risk Management & Compliance, Strategy & AdvisorySummary
Situation Overview: The SEC’s temporary de minimis thresholds for security-based swap dealing activity ($8 billion for credit default swaps and $400 million for non-CDS) are scheduled to change following the expiration of the current…

The Future of U.S. Crypto Regulation: Analyzing the CLARITY Act and the RFIA
Derivatives, Digital Assets Harper Swope, Kathy Casey, Sudhir Jain Risk Management & Compliance, Strategy & AdvisorySummary:
Context: The U.S. Congress is actively developing a robust regulatory framework to govern digital assets, aiming to provide clarity and stability to the rapidly evolving industry.
What: The House of Representatives passed the CLARITY…

Fed Withdrawal of Guidance Marks Milestone for Banks’ Future Crypto Activity
Banking & Consumer Finance, Digital Assets, Securities, Patomak Analysis Sam Canavos, Mona Elliot Strategy & AdvisorySummary:
Situation Overview: The federal banking agencies have withdrawn previously issued guidance related to banks’ crypto activities, marking a shift in regulatory posture toward digital asset engagement.
What: On April 25, the Federal…

