United States

Structural Regulation

Chinese Firm Set to Stage First US IPO Under New CSRC Rules

By Editors | 31/07/2023

Chinese-based Majestic Ideal Holdings is inching towards becoming the first company to IPO in the US under newly-implemented rules for overseas listings.

AI Risk & Governance

US SEC Proposes New Rules on the Use of Predictive Analytics and AI

By Editors | 31/07/2023

SEC proposes new rules to address conflicts in broker-dealers’ and investment advisers’ use of predictive analytics and AI.

Cryptocurrency

Accounting Firms Face Potential Liabilities in Crypto Audits: SEC Official

By Manesh Samtani | 30/07/2023

SEC Chief Accountant warns accounting firms of potential legal liabilities when auditing crypto firms, stressing the importance of auditor independence.

Stablecoins

US Lawmakers Advance Bill on Stablecoin Regulation

By Editors | 29/07/2023

The ‘Clarity for Payment Stablecoins Act’ would have the Fed write requirements for issuing stablecoins but still preserve the authority of state regulators.

Climate Risk

FSOC Meeting Highlights Urgent Need to Address Climate Risks

By Editors | 28/07/2023

Gary Gensler said the SEC will consider “appropriate” adjustments to its proposed climate risk disclosure framework.

Capital Adequacy

US Regulators Propose Stricter Rules on Bank Capital

By Manesh Samtani | 28/07/2023

Fed governor Michelle Bowman said there is “insufficient evidence” that the benefits produced by the proposals would justify the costs.

Supervision & Enforcement

BNP Paribas Braces for Fine Over Unauthorised Messaging Usage

By Editors | 28/07/2023

BNP Paribas said in its mid-year earnings report that it expects a fine from the CFTC and SEC.

Cryptocurrency

US Lawmakers Advance Bills to Create Regulatory Clarity for Crypto

By Manesh Samtani | 27/07/2023

The ‘Financial Innovation and Technology for the 21st Century Act’ has now advanced in key committees in the US House of Representatives.

Conduct, Culture & Accountability

Publicly Traded Companies Globally Fall Short in Codes of Conduct: Study

By Ranamita Chakraborty | 27/07/2023

LRN’s study on 200 top-traded companies in Asia, Europe and North America found that only 17 percent of them had highly effective codes of conduct.