Latest news by Michael Volpe
Report Finds Mixed Bag For Markets Recovering from COVID
SIFMA is the Securities Industry and Financial Markets Association, and that organization recently released a report on how markets have responded to coronavirus. The verdict from SIFMA is mixed. “Market performance has been a mixed…
Reg BI Implementation Going Well Despite COVID
Despite challenges from coronavirus, American broker/dealers have done an admirable job implementing the new Regulation best interest. Meredith Cordisco and Jim Wrona are both members FINRA’s Office of General Counsel and they were the latest…
Senate Debates Central Bank Digital Currency
Chris Giancarlo was the CFTC Chair until April 2019; he’s currently a senior counsel at Wilkie, Farr, and Gallagher, a prominent law firm with offices in six countries spoke about digital currency. [caption id="attachment_221725" align="alignleft"…
Fed Chair Says Commercial Paper Market Strong
The American commercial paper market is functional and healthy again, according to the head of the Federal Reserve. Jerome Powell is the Chair of the Federal Reserve and he testified earlier this week along with…
Financial Exploitation of Seniors Rising
FINRA is the Financial Industry Regulatory Authority, a self-regulatory organization formed in 2007 when the regulatory arms of the NYSE and the NASD merged and has been looking after the financial exploitation aspect too. Chris…
Clayton Goes in Front of the House
The eight-hundred-pound gorilla in the room was quickly addressed when the Chair of the Securities and Exchange Commission (SEC), came in front of Congress. Jay Clayton is the SEC Chair, but last week, President Trump…
With a second extraordinary market incursion by the Federal Reserve in about a decade
With a second extraordinary market incursion by the Federal Reserve in about a decade, a Democratic Congressman wonders if the US isn’t creating systemic moral hazard. Jim Himes is a Democratic Congressman from the State…
The Securities and Exchange Commission appears like it will need a new head
[caption id="attachment_91111" align="alignleft" width="174"] Jay Clayton, SEC Chairman[/caption] Jay Clayton, the current head of the SEC, has been nominated to be the US Attorney for the Southern District of New York. The Southern District of…
Another task force has formed to battle COVID-19.
Amanda Senn is the Alabama Securities Commission Chief Deputy Director and the North American Securities Administrators Association (NASAA) Cybersecurity Committee Chair. She recently testified in a remote hearing in the House Financial Services Committee hearing…
Tensions may be Easing in the Cross-Continent Standoff over Swap Central Counterparties
Over the last two-plus years, Europe and the US have been at loggerheads over a proposal by the European Securities and Markets Association (ESMA) and the European Commission, which suggested that the Europeans might demand…