COVID-19 fallout continued to dominate the financial services industry during the past few weeks, prompting ongoing adherence to business continuity and other contingency plans by market participants and new relief by regulators to enable markets to operate as efficiently as possible. The crashing of crude oil prices into deep negative territory on April 20 also caused consternation for many. Amidst all the extraordinary circumstances, a number of futures-industry exchanges published disciplinary actions related to alleged breaches of their rules concerning block trades and exchange for related position transactions as well as wash trades. Separately, the Financial Stability Board published 10 recommendations related to the supervision of global stablecoins. Curiously, the recommendations did not extend to central bank-issued digital currencies. As a result, the following matters are covered in this special edition of Between Bridges:
Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.
May 03, 2020
April 12, 2020
March 29, 2020
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Between Bridges Gary DeWaal: May 4, 2020 (Block Trades; EFRPs, Wash Trades; GSCs; CBDCs; Privacy Violations; Misrepresentations by IAs)