Category: Regulations

Where Are You Headed, NYSE?

The NYSE once again has informed the New Jersey legislature that it would move operations out of the state if Trenton decides to impose an electronic financial transaction tax (FTT), Bloomberg Law ($) reported on Monday. The Intercontinental Exchange-owned business conducted a September test where it moved its operations out of the state, according to…

Bracing for the Great Infrastructure Crisis

First came the pandemic, then murder hornets, and now a lively hurricane season. This year could not get any worse. My bad. Regtech consultancy JWG and data-cloud provider Cloudera have issued a white paper that warns of the looming “Great Infrastructure Crisis” earlier this week. The industry’s further adoption of cloud computing since the 2008 global…

ECJ Nixes US-EU Data-Privacy Agreement

The United States and European Union have run into loggerheads regarding data privacy, again. For the second time in five years, the European Court of Justice has knocked down the data privacy agreement between the parties. The Court cited that the most recent agreement, dubbed Privacy Shield, did not provide EU citizens and residents with…

Is Wall Street Ready for a De Facto ESG-Data Standard? 

Just as Walmart has the power to force its suppliers to adopt product standards, could asset managers working in concert achieve the same with corporate sustainability disclosures? During its four-quarters earnings call earlier this week, Larry Fink, CEO of BlackRock, stated that the world’s largest asset manager had put environmental, social, and governance-based investing front…