Crypto
EU Stablecoin Regulation Gives Firms Three Months to Comply
EU stablecoin regulation gives crypto firms three months to remediate non-MiCA token exposure across trading, custody, transfers and advice.
Regulation
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Prudential Japan Units Face FSA Suspensions Through January
Prudential Japan units face FSA sales suspensions through January 2027 as regulators require remediation plans by the end of November.
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SEC Cross-Trading Rule Proposal Targets Fund Costs
The SEC proposed restoring most fixed-income cross trades for registered funds while adding pricing, oversight and reporting safeguards.
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CFTC Swap Rule Excludes Casino-Style Bets From Derivatives
The CFTC swap rule excludes sportsbook and casino wagers from derivatives, clarifying jurisdiction while preserving oversight of qualifying event contracts.
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Judy Shelton Joins Treasury in China Currency Policy Role
Judy Shelton joined the U.S. Treasury as a currency-policy counselor, advising Scott Bessent on China’s financial conditions and exchange rates.
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Trump Orders November Hearing in Lisa Cook Inquiry
The White House created a three-member committee to examine allegations against Fed Governor Lisa Cook and hold a closed hearing November 5.
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Prudential Japan Sales Suspended Through January 2027
Japan’s FSA ordered Prudential subsidiaries to suspend parts of their sales operations and submit business improvement plans by November 30.
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FSB Says Bank Failure Backstops Fall Short in Half of Markets
The FSB says roughly half of reviewed jurisdictions still have material gaps in last-resort funding arrangements for systemic bank failures.
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Kenya Payment System Bill Consultation Closes Today
The Kenya Payment System Bill consultation closes October 9 as officials seek views on licensing, interoperability, open finance and consumer protection.
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American Express Fine Hits $350M Over AML Control Failures
The American Express fine totals $350 million after regulators cited AML control failures tied to $13 billion in suspected laundering activity.