FCA veteran becomes interim head of financial regulator's digital assets unit
Victoria McLoughlin will be responsible for supervising crypto firms based in the U.K. as well as supporting development of a regulatory framework in line with government policy. Victoria McLoughlin, who has worked more than a combined 11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdom’s financial watchdog.According to a Tuesday post on LinkedIn, McLoughlin assumed the position of interim head of department of the regulator’s digital assets unit in April after serving as supervision manager of cryptoassets and digital....
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A former regulator from one the UK's main financial watchdogs has been hired by global consulting firm PricewaterhouseCoopers (PwC) to join a recently formed blockchain advisory team. PwC announced the hire of Patrick Spens, who served as the head of markets monitoring for the Financial Conduct Authority (FCA), in a blog post earlier this week. The hiring comes at a time of increased competition between professional services firms, many of which are seeking to launch blockchain-focused services. According to the firm, Spens will assist the firm in exploring applications of the blockchain....
The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.”
SEC Strengthens Enforcement Division’s Crypto Unit
The U.S. Securities and Exchange Commission announced Tuesday that it has nearly doubled the size of the Division of Enforcement’s unit “responsible for protecting....
The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and stabilize the company.” Bahamas Securities Regulator Takes Action Against FTX The Securities Commission of the Bahamas announced Thursday that it has taken action to “freeze assets of FTX Digital Markets and related parties.” FTX Digital Markets is the Bahamian subsidiary of Sam Bankman-Fried’s FTX Trading Ltd., which owns and....
The Financial Conduct Authority is introducing the post of digital assets director as part of a hiring spree that goes along with its new, more assertive strategy. UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come from backgrounds in policing.Director of payments and digital assets is newly created position that will oversee the e-money, payment and crypto-asset markets and related policy....
IBM recently launched its Industry Platforms business unit in a bid to deliver blockchain solutions to its customers. According to eWeek, the company has said that the launch of last week’s blockchain unit will focus on financial services organizations in addition to other business units. IBM said: The Industry Platforms unit will focus on Watson for financial services, blockchain and strategic partnerships. Bridget van Kralingen, a fast-tracked IBM executive who has been head of IBM Global Business Services, will be in charge of the unit. Charles King, principal analyst at Pund-It said to....