Troutman Pepper Weekly Consumer Financial Services Newsletter
Troutman Sanders
DECEMBER 4, 2023
On November 30, crypto exchange Binance announced it has introduced a pilot program enabling banks to store trading collateral off-exchange, a move aimed at reducing counterparty risk. Real-world disclosure testing is often more accurate than lab testing, and this effort can help the CFPB by informing the need for possible regulatory changes.
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