Insights

Patomak Global Partners Named One of the Top Consulting Firms in Fintech by Chambers & Partners

WASHINGTON 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

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Summary 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

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Summary 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…

Spoofing Enforcement Cases and Steps to Protect Your Firm

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Summary Situation Overview: Domestic and foreign regulators continue to pursue actions against firms for spoofing and market manipulation activities. What: There is a continuing need for vigilance in detecting and preventing spoofing, particularly…

Understanding the New De-Banking Executive Order

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Summary: Situation Overview: On August 7, 2025, President Trump issued an Executive Order (the “Order”) entitled “Guaranteeing Fair Banking for All Americans”, which has implications for retail and institutional fair lending practices. What:…

CFPB Initiates New Rulemaking for Section 1033

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Summary: Situation Overview: On 21 August, the Consumer Financial Protection Bureau (CFPB) issued an Advanced Notice of Proposed Rulemaking (ANPR) regarding Section 1033 of the Consumer Financial Protection Act. What: Many fintech companies,…

American Bankers Association Conference Focused on AI

Summary: Situation Overview: The 2025 American Bankers Association (ABA) Risk and Compliance Conference heavily focused on Artificial Intelligence (AI) in Banking – including top use cases and best practices in AI governance.  What: The…

FDIC Highlights Policy Priorities Impacting FinTechs and Large Banks

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Summary: Situation Overview: FDIC is focused on de novo bank formation, digital assets and blockchain activities, resolution planning, and asset thresholds for “tailoring” categories. What: The FDIC is reevaluating guidance in these…

Business Insider: There’s a New ‘Hot-Button’ Issue on Wall Street, and Battle Lines are Being Drawn

Business Insider reporter Matt Turner writes:

"Information wants to be free," the technology activist Steward Brand once said. "Information also wants to be expensive."

That is proving true on Wall Street, where stock exchanges - in particular the New York Stock Exchange and Nasdaq - both publicly traded and for-profit, stand accused by rivals and some users of unfairly increasing the price of market data. 

The debate centers on whether that data is essential - some customers and rivals say it is, the exchanges say otherwise - and whether there is any competition in the market for that data...

... "My take is that there have been some abusive practices - the flucation, the aribitrariness with which fees have been jacked up, and the monopolistic power that goes behind it - there is a problem," Dan Gallagher, an SEC Commissioner until 2015 who is now president of the consultant Patomak Global Partners, told Business Insider.

Global Regulatory Standardization: A Critical View

Regulatory harmonization sounds like a noble goal. But instead of facilitating cooperation among regulators from different jurisdictions, it has morphed into the imposition of one-size-fits-all regulatory standards.