Funds Talk: January 2018

Topics covered in this issue include:

• Year in Review: Top Cryptocurrency Stories of 2017
  While the explosion in bitcoin’s value dominated the news headlines, cryptocurrency in 2017 was filled with worthy topics of discussion.
  
  
• ERISA Fiduciary Rule Facing Precarious Future
  After being the target of a deluge of industry criticism and regulatory delays, the Department of Labor’s Obama-era fiduciary rule may yet be significantly altered – or potentially repealed and replaced.
  
  
• Treasury Review of FSOC’s Systemic Risk Oversight Recommends Activities-Based Approach

• After the Dodd-Frank Wall Street reforms enabled the Financial Stability Oversight Council to designate financial firms as “systemically important financial institutions,” a recent Treasury report has recommended a greater emphasis on specific activities rather than on designated institutions.  
  
  

• Replacing LIBOR in Derivatives Agreements
  With the UK’s Financial Conduct Authority set to discontinue LIBOR by the end of 2021, answering the question of what will take its place is becoming increasingly important.