Page 8 - Dan Berkovitz News Today

Why US regulation is failing the cryptocurrency test Gary Silverman Share The US is a funny country. We have so many financial regulators that we sometimes wind up without proper financial regulation. Cryptocurrencies represent the latest example. The trade in bitcoin and its brethren has grown too big to be ignored – and yet that is what has happened. No official public data exist on prices, volume or volatility. No single authority regulates crypto exchanges. No one can be certain investors...

Bulls are back, but regulatory fears hamper the DeFi and altcoin recovery Bitcoin is staging a comeback, but the lingering threat of regulation continues to weigh on DeFi tokens and select altcoins. 4389 Total views Market Analysis On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the current bear market...

When the Dodd-Frank Act passed in 2010, an urgency existed to enact its many provisions. A decade later, 11 of its rules remain unfinished. Will a change in leadership at the SEC get the law across the finish line?

By Aaron Nicodemus2021-05-27T18:09:00+01:00 Archegos Capital Management, a hedge fund that collapsed earlier this year and cost multiple big banks billions of dollars, is reportedly the subject of an investigation launched by the Department of Justice. Archegos owner Bill Hwang reportedly lost $8 billion over two weeks in March, when risky bets on ViacomCBS and several other stocks soured. The massive stock sell-off that followed caused billions in losses for some of Archegos’ largest lenders...

Risk.net The burden of US extraterritoriality rules may be easing Three years ago, the then-chairman of the US Commodity Futures Trading Commission, Christopher Giancarlo, embarked on a tour of Asia, during which he apologised for the over-zealous extraterritoriality rules the agency had been responsible for over the years, and promised to do something about them. This stance drove a sharp drop in the basis between LCH and the Japan Securities Clearing Corporation, as the market realised US ...

Mark Wilson/Getty Images; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. After Archegos, family offices are girding themselves for the possibility of tougher regulation.  Some family offices are coordinating with one another on how they can avoid new scrutiny.  The new administrations regulators were already expected to reassess family-office guidelines.  Fam...

Matteo Colombo/Getty Images This is 5x the normal loss level for a collateralized daily mark-to-market business, JPMorgan added. It however cited three lessons the industry could take away from the implosion that has roiled the markets.  Global banks are expected to lose up to $10 billion following the Archegos Capital Management meltdown, JPMorgan said Monday — raising its estimate from an initial $2 billion-$5 billion — with Credit Suisse Group and Nomura Ho...

By Aaron Nicodemus2021-04-12T12:45:00+01:00 There are plenty of unanswered questions following the recent meltdown of family office Archegos Capital Management—and plenty of compliance lessons to be learned. Archegos is a hedge fund operated by billionaire Bill Hwang that reportedly lost $8 billion in less than two weeks in March. The firm had taken highly leveraged positions in several blue-chip stocks, including ViacomCBS. When ViacomCBS lost nearly half its value, Archegos’s risky bets b...

Bill Hwang lost $8 billion in 10 days during the Archegos meltdown, reports say Isabelle LeeApr 6, 2021, 00:53 IST Fuller Studio/YouTube Bill Hwang lost $8 billion dollars in 10 days during the Archegos meltdown, The Wall Street Journal reported. Traders and investors said this is one of the fastest losses they have ever seen. The fiasco exposed the fragility of the financial system and shed light on more obscure practices such as the use of total return swaps. Amid the largest meltdown of a fi...

Five Questions About Archegos And Its Pricey Meltdown By Ali BEKHTAOUI 04/06/21 AT 4:16 PM The debacle surrounding Archegos Capital Management has caused chaos for major banks, including a $4.7 billion hit Credit Suisse announced on Tuesday. Here is a look at some of the key questions behind Wall Streets latest financial debacle: In ancient Greek, Archegos means "someone who leads the way," an ironic moniker given the implosion of this "family office" built on the fortune of founder Bill Hw...