Weekly Roundup

Reform of Private Equity Fee Rules
SEC Chair Gensler called for sweeping reforms to private equity fee rules, noting the increasingcomplexity of fee structures.

Crypto
Media speculation continued on “who to watch” on the looming fight over crypto regulation, the figures highlighted included Sen. Cynthia Lummis (R-WI), SEC Chair Gary Gensler, and Sen. ElizabethWarren (D-MA).

ESG
With the proliferation of ESG in the equities markets, an op-ed described the bond markets as a “blind spot” of ESG investing ripe for further growth.

Know Your Customer
McKinsey issued a report on five actions to build next-generation know-your-customer programs.

Cybersecurity
The Pentagon is inviting industry help to combat cybersecurity threats.

In the Mix: This Week’s Top FinTech Thought Leader

  • eToro CEO Yoni Assia answered five question regarding crypto.
  • Cathie Wood, CEO, Ark, discussed warning signals in the housing market, as it relates to Zillow’s decision to shut iBuying unit.
  • Journalist Chen Lin, Reuters, reported that fintech spending in Southeast Asia tripled to a record $3.5 billion this year.
  • Miami Mayor Francis Suarez said the city is working on a way to create digitalwallets for citizens to distribute the crypto yield.