United States

Cryptocurrency

US Court Orders Ripple to Pay $125m for Securities Law Violations

By Manesh Samtani | 08/08/2024

The order ends years-long litigation brought by the US SEC in December 2020. CEO Brad Garlinghouse said the ruling is a “victory”.

Fraud, Scams & Cybercrime

US SEC Investigates Banks Over Interest Underpayments

By Nithya Subramanian | 08/08/2024

The SEC is probing some of the major US banks over allegations that they systematically cheated customers out of interest on deposits.

AI Risk & Governance

US Lawmakers Introduce Regulatory Sandbox Bill for AI

By Editors | 08/08/2024

The legislation would require the Fed, SEC, OCC, CFPB, FDIC, FHFA, and NCUA to establish regulatory sandboxes for AI experimentation.

Data Privacy

US Regulators to Jointly Adopt Common Data Standards

By Editors | 06/08/2024

The Federal Reserve, SEC, CFTC and six other agencies will adopt common identifiers including the LEI and UPI.

Fraud, Scams & Cybercrime

SET Chairman Calls for Reforms to Address Corporate Fraud

By Editors | 05/08/2024

The SET says legal reforms are needed to enable the SEC to bypass the police and go directly to prosecutors, similar to practices in the US, South Korea, and Japan.

Structural Regulation

CFTC Exempts Two Singapore RMOs from SEF Registration

By Nithya Subramanian | 05/08/2024

The exemptions bring the total number of exempted approved exchanges and recognised market operators from Singapore to 18.

Trading & Investment

CFTC Revokes US Trading Permissions for TAIEX Futures

By Manesh Samtani | 04/08/2024

TSMC’s heavy TAIEX weighting means the index no longer meets the definition of a broad-based security index.

Sustainable Finance

Thailand Revises Tax Incentive Programme to Promote ESG Funds

By Editors | 03/08/2024

The SEC is concurrently amending its regulations to give ESG fund managers more flexibility to invest in high quality listed companies.

Fraud, Scams & Cybercrime

Montenegro Confirms Decision to Extradite Do Kwon to Korea

By Manesh Samtani | 02/08/2024

The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.