United States
Cybersecurity
Chinese hackers breached the networks of the Committee on Foreign Investment in the United States (CFIUS) and the Office of Foreign Assets Control (OFAC).
PowerSchool SIS, a system used by schools to manage student personal data including records, grades, attendance and enrollment was compromised by hackers.
Enforcement
The Supreme Court will consider TikTok’s arguments against a ban that is about to be imposed on its platform in the US.
The House of Representatives voted to sanction the International Criminal Court in response to the issuance of arrest warrants for the Israeli Prime Minister and former defense minister.
CFTC Director of Enforcement Ian McGinley announced his departure.
Regulation
Michael Barr will step down from his post as Federal Reserve Board Vice Chair for Supervision on 28 February.
CFTC Chair Rostin Behnam will step down when Trump takes office.
Federal Reserve Governor Michelle Bowman delivered a speech that touched on banking regulation and emphasized the regulator’s commitment to “tailoring” as a key to forming “sensible and effective” bank regulatory policy.
Justice Department issues final rule to restrict sensitive information sent to China and other countries of concern.
CFPB finalizes rule to exclude medical debt from credit reports.
California regulations seek to ameliorate insurance exodus in the wake of catastrophic wildfires.
Canada
Prime Minister Justin Trudeau’s resignation led to a further weakening (subscription) of Canada’s currency.
EU
ESMA has published and updated key Q&A documents connected to AIFMD, CSDR, DORA, MiCA and EMIR.
ESMA hhas also launched the selection process for a bond Consolidated Tape Provider (CTP).
International
The IFRS Foundation has appointed three new trustees to broaden the geographic diversity and expertise of the group responsible for its strategy, governance and oversight.
Japan
Japan expanded its sanctions against Russia, including banning the export of a large basket of goods.
Switzerland
Additional investors joined the lawsuit against Switzerland over the government’s decision to write down Credit Suisse’s AT1 bonds.
UBS is expected to pay a large fine over facilitating tax evasion.
UK
UK Fund managers have warned the FCA (subscription) about potential corporate governance and shareholder protection issues connected to Saba Capital taking a stake in seven investment trusts.
