US regulators issue first ever warning to banks over crypto asset risk
The joint warning was issued on the same day the Feds launched a new FTX Task Force to recover lost investor assets from the collapsed exchange.
Tag: OCC
ESMA recognises US-based clearing houses OCC and FICC
In contrast, UK-CCPs have only been granted time limited equivalence of three years to reduce EU institutions reliance on them.
OCC selects former State Street and Nomura exec for new risk chief
New chief risk officer at the OCC brings over 20 years of experience to the role, after serving in similar positions for both State Street and Nomura.
OCC clears record volumes for US exchange listed options in 2020
The OCC cleared 7.52 billion total contracts and 7.47 billion in options contracts, beating the previous record set in 2018 by a landslide.
JP Morgan to pay $250 million penalty for risk management failures
The OCC said JP Morgan had failed to maintain adequate internal controls and internal audit over its fiduciary business.
OCC overhauls legacy clearing system with Cinnober
The Options Clearing Corporation will replace its current clearing system with the help of Cinnober.
OCC hires ex-Citigroup veteran as operations chief
Davidson joins the US equity clearinghouse after almost nine years at Citigroup.
SEC vote brings US-EU closer to derivatives equivalency
Equivalency will ease the capital cost for European banks doing business with US CCPs.
Leverage ratio could see banks walk away from options trading
OCC warns banks could pull out of listed options markets in wake of higher capital rules.