Kalshi has asked the Commodity Futures Trading Commission (CFTC) to let qualified traders use margin on its event contracts, a step the prediction market operator says could make its platform more useful to institutions seeking to hedge risks tied to future events. The filing, submitted...
The Office of the Comptroller of the Currency (OCC) said in a bulletin released Monday (Sept. 21) that it updated the structure and references of the OCC Cybersecurity Supervision Work Program (CSW) used by examiners, without adding or changing any procedures. The changes to the...
U.S. financial regulators have issued conditional approvals for three new national trust banks. The Office of the Comptroller of the Currency (OCC) on Friday (Sept. 18) granted those approvals for Agora National Trust Bank, Catena Trust Bank, while allowing the conversion of Bastion Platforms Trust...
For payments firms, direct access to the Federal Reserve can remove an intermediary from the chain between a transaction and settlement. For banks, expanding that access raises another question: Which firms should be allowed to connect directly to central bank infrastructure, and under what regulatory...
The Commodity Futures Trading Commission’s Market Participants Division issued a staff letter declaring a no-action position for the benefit of providers of passive software, the agency said in a Thursday (Sept. 17) press release. “The letter states that, subject to certain specified conditions, MPD will...
The Federal Deposit Insurance Corporation (FDIC) board of directors voted Thursday (Sept. 17) to approve a proposed rule that it said would make the agency’s review of bank merger transactions faster, more predictable and tailored to the potential risks of the transaction. The proposed rule...
A bill that would require financial regulators to assess their technological capabilities and identify ways to make examinations more efficient, effective and responsive was passed by the U.S. House of Representatives this week, the House Financial Services Committee said in a Thursday (Sept. 17) press...
The United Kingdom is preparing to spend 500 million pounds and hire hundreds of new financial crime specialists as it shifts its anti-money-laundering strategy from pursuing individual offenders toward disrupting the increasingly technology-enabled financial networks that allow illicit money to move. The U.K. government on...
Treasury may raise longstanding bank reporting thresholds and take into account how long financial institutions have known their customers, Treasury Secretary Scott Bessent told lawmakers Tuesday (Sept. 15). House Financial Services Committee Chairman French Hill, R-Ark., asked Bessent about updating thresholds for Suspicious Activity Reports...