The Office of the Comptroller of the Currency has declared that national banks and federal savings associations have the authority to provide cryptocurrency custody services to their clients
Five federal regulatory agencies have modified the Volcker Rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds
The no-action letter, which was set to expire 3 July 2020, has been extended until 3 July 2023
The Global Financial Markets Association (GFMA) has made three appointments to its leadership team
The Securities and Exchange Commission has settled charges with Bitqyck following the crypto exchange’s alleged defrauding of investors
The Federal Reserve is to develop a new real time payment and settlement platform, FedNow Service, to support faster payments in the US
State Street Bank and Trust has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm's custody of client assets
Banca IMI Securities has pleaded guilty to an antitrust charge and was sentenced to pay a criminal fine in excess of $2 million for its involvement in bid-rigging for certain financial instruments
