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Data Collection Financial Markets

Latham & Watkins LLP

FCA Publishes Findings From Its Wholesale Data Market Study

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The FCA found that wholesale data markets can be improved, but has ruled out a significant intervention. The FCA has published the findings of its wholesale data market study (MS23/1.5), which examined competition in the...more

Dechert LLP

CSSF SFDR/ Sustainable Finance Related Developments March/April 2023

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Background- European regulators have begun reviewing documentation and other information in connection with implementation of the EU’s Sustainable Finance Disclosure Regulation (SFDR)1 and the Taxonomy Regulation (RTS).2 On...more

K&L Gates LLP

Luxembourg Financial Services Regulator CSSF Issues Communication Relating to the Launch of SFDR Data Collection Exercise...

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Executive Summary - On 27 July 2022, Luxembourg’s financial sector regulator (the CSSF) announced its intention to launch a data collection exercise in respect to the disclosures made in the precontractual documents of...more

Dechert LLP

The German Financial Regulator BaFin clarifies the EU Commission’s Q&As regarding SFDR

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The German Financial Regulator, ("BaFin"), published guidance ("Guidance") on 5 September 2022, that provides some further clarity on various questions on the Sustainable Finance Disclosure Regulation ("SFDR"). BaFin has...more

Robins Kaplan LLP

Texas Sues Meta Over Alleged Unauthorized Biometric Data Collection

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Texas AG Ken Paxton has sued Facebook parent Meta accusing it of violating “a state consumer protection law by repeatedly capturing and commercializing biometric data in photos and videos for more than a decade without the...more

Robins Kaplan LLP

Financial Daily Dose 11.3.2021 | Top Story Facebook Shuts Down Decade Old Facial Recognition System

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Prompted by concerns over privacy, “government investigation, a class-action lawsuit and regulatory woes,” Facebook is planning to “shut down its decade-old facial recognition system this month, deleting the face scan data of...more

Robins Kaplan LLP

Financial Daily Dose 9.7.2021 | Top Story: El Salvador Adopts Bitcoin as National Currency

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Welcome to B-Day, the beginning of the grand cryptocurrency experiment for El Salvador, which “became the first country in the world to adopt bitcoin as legal tender on Tuesday.” Predictably, “the launch got off to a bumpy...more

Holland & Knight LLP

Federal Reserve Vice Chair Addresses Climate-Related Financial Risks

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Federal Reserve Board (FRB) Vice Chair for Supervision Randal K. Quarles, who also is chair of the Financial Stability Board (FSB), gave a speech on July 11, 2021, to the Venice International Conference on Climate Change,...more

Robins Kaplan LLP

Financial Daily Dose 3.4.2021 | Top Story: Google Shakes Up Digital Ad Industry by Phasing Out Web Tracking

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Digging deeper into Google’s announcement that “its ad tools would no longer support individual tracking of users across websites starting in 2022,” a move that—with the site’s previously unveiled plans  to stop supporting...more

Robins Kaplan LLP

Financial Daily Dose 3.1.2021 | Top Story: Walmart Poaches Goldman Bankers in Bid to Bolster Fintech Venture

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Walmart’s recent move to hire away a “pair of senior Goldman Sachs bankers” to head up the retailer’s new fintech startup (a collaboration with Ribbit Capital) has tongues wagging about the company’s ambitions to shove its...more

Robins Kaplan LLP

Financial Daily Dose 2.26.2021 | Top Story: Rising Long-term Bond Yields Blamed for Jumpy Markets

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Surging bond yields raised fears that government, consumer, and business spending could become more expensive, leading to a “tumultuous day in financial markets” that prompted some to blame the Fed for not expressing...more

Robins Kaplan LLP

Financial Daily Dose 9.21.2020 | Top Story: White House Signs Off on Deal for Oracle & Walmart to Take Stake in TikTok

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The White House has given its crucial imprimatur to a deal for Oracle (and Walmart) to take a stake in Chinese video app TikTok, “an agreement that will delay the U.S. government’s threat to block the popular app in the...more

Robins Kaplan LLP

Financial Daily Dose 9.18.2020 | Top Story: Walmart Back in the Mix for Stake in Oracle/TikTok Deal

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The latest on the potential Oracle/TikTok deal includes news that the Treasury Department has added requirements addressing “how TikTok’s data and source code would be handled and secured” to any potential deal that the...more

Hogan Lovells

Securities and markets regulatory news, September 2020

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Accessing and using wholesale data: FCA extends call for input deadline The UK Financial Conduct Authority (FCA) has extended the deadline for responses to its call for input on the use and value of data and advanced...more

Robins Kaplan LLP

Financial Daily Dose 4.3.2020 | Top Story: The U.S. Jobs Report Will Be Ugly . . . .

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The U.S. Jobs Report Will Be Ugly: The March jobs report will likely show the worst numbers in the “post-World War II era,” and “it is playing out in a matter of weeks,” not years. One study suggests the U.S. has lost 27.9...more

Robins Kaplan LLP

Financial Daily Dose 2.10.2020 | Top Story: Volvo May go Public Via Merger With Owner’s Geely Automobile Holdings

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Volvo’s owner, Li Shufu, is mulling over a move to combine the carmaker with his publicly traded Geely Automobile Holdings—a play that would take Volvo public and “unify the bulk of billionaire Li’s growing stable of...more

Robins Kaplan LLP

Financial Daily Dose 1.30.2020 | Top Story: Facebook Pays $550 Million to Resolve Privacy Class Action Over Use of Facial...

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Facebook has agreed to pay $550 million to resolve a class-action lawsuit claiming that Zuck & Co.’s use of facial recognition technology violated Illinois’ biometric privacy law. Though the settlement is little more than “a...more

Robins Kaplan LLP

Financial Daily Dose 1.7.2020 | Top Story: Facebook Ban of “Deepfakes”

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Facebook wages a war on misinformation. On Monday, Facebook announced it will start removing videos altered by artificial intelligence that are likely to mislead people into thinking that a subject of the video made...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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After a brutal Tuesday, the White House tried to take advantage of yesterday’s market day off to run some damage control “and ease concerns that [the] trade truce with China was already floundering.” I suspect we’ll find out...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The Journal’s weekend report on Facebook’s role in the unauthorized use of data from 50 million users wreaked havoc on the ‘Book’s stock yesterday, with losses spreading across the tech sector (and fellow its FANGers in...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The DOJ is expanding its Wells Fargo sales probe into the bank’s wealth management division, a troubling move for an organization still trying to right the ship in its retail-banking unit where the sham-account scandal...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - The CFPB Publishes Final Rule for Prepaid Accounts - On October 5, 2016, the Consumer Financial Protection Bureau (the "CFPB") finalized comprehensive consumer protections for...more

Cadwalader, Wickersham & Taft LLP

CFTC Staff Issues Final Swap Dealer De Minimis Exception Report

On August 15, 2016, Staff of the U.S. Commodity Futures Trading Commission (“CFTC”) published a final report regarding the de minimis exception from swap dealer registration (“Staff De Minimis Report”).  The Staff De Minimis...more

Orrick - Finance 20/20

ESMA Publishes 2016 Work Program

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On October 7, 2015 the European Securities and Markets Authority (ESMA) published its 2016 work program. The key priorities for 2016 will be: Supervisory Convergence: ESMA’s focus will shift increasingly from rulemaking to...more

Orrick - Finance 20/20

CFTC Issues Proposed Amendments to Swap Data Recordkeeping and Reporting Requirements for Cleared Swaps

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On August 19, The U.S. Commodity Futures Trading Commission (CFTC) proposed amendments to existing rules relating to swap data reporting in connection with cleared swaps. The amendments are aimed at providing additional...more

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