Category: Regulations

A CAT Delay Probably a Done Deal

On October 11, the House Financial Services Committee overwhelmingly approved H.R. 3973, better known as The Market Data Protection Act of 2017. The vote to move the bill out of the committee fell one vote shy of being unanimous. The bill requires Thesys CAT, the operator of the Consolidated Audit Trail, to develop a comprehensive…

CAT Numbers are Out of Whack

After four years of waiting for the self-regulatory organizations to submit their plan for the Consolidated Audit Trail, the Securities and Exchange Commission unanimously approved to release it for comment. In the next few days, the plan will appear in the Federal Register and the SEC will have 180 days from then to select a…

Bitcoins! Bitcoins! Bitcoins!

Kicking of the second season of The Daly Post Podcast, I sit down with Wall Street Bitcoin Alliance executive director Ron Quaranta and discuss what institutional investors, broker-dealers, exchanges and vendors need to do to take part in the ever-growing Bitcoin market. Although these cryptocurrencies have strong libertarian, over-the-counter, and retail roots, Quaranta sees the markets maturing…

Fed Calls for Further Non-bank Transparency

Speaking before German Finance Ministry and Bundesbank officials earlier today, Federal Reserve Vice Chairman Stanley Fischer warned his audience that non-bank are less vulnerable than they were during the global financial crisis, but now is not the time to relax. “Regulation is a ‘cat and mouse’ game,” said Fischer. “Regulators need to respond to existing…