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PEPs & Sanctions
USCC Calls for Formation of China Sanctions Planning Committee
By Editors | 17/11/2022
Congressional advisory body USCC says a new committee should be formed to develop options to respond to possible hostile action by China against Taiwan.
Custody & Infrastructure
NYIC, US Banks Launch PoC to Test Digital Money Platform
By Editors | 17/11/2022
Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.
Trading & Investment
IBA Confirms Plans for Cessation of USD LIBOR ICE Swap Rate
By Editors | 17/11/2022
Publication of USD LIBOR ICE Swap Rate “runs” for all tenors will cease immediately after the rates are published on 30 June 2023.
Structural Regulation
PCAOB Had “Good Access” During Hong Kong Audit Inspection – Report
By Editors | 16/11/2022
The PCAOB reportedly gained all the information it requested during its inspection, but a decision has not yet been made regarding its dispute with Chinese regulators.
Reporting & Disclosures
EU Watchdogs Ask for Input on Greenwashing Risks
By ESG Investor | 16/11/2022
The feedback may lead to further supervisory or enforceable action to reduce greenwashing risks; ESAs also call for an extension to the PAI review.
PEPs & Sanctions
New US Sanctions Target Network Procuring Tech for Russia
By Editors | 15/11/2022
OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.
Conduct, Culture & Accountability
US SEC Expands Staff Messaging Probe to Private Equity Firms
By Editors | 15/11/2022
KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.
Clearing & Post-Trade
India Resists ESMA Requirements on CCP Recognition – Reports
By Manesh Samtani | 14/11/2022
ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
Anti-Money Laundering
FTX Bankruptcy, Secret Transfers, and Regulatory Probes
By Manesh Samtani | 14/11/2022
FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.
PEPs & Sanctions
US Officials Asks Banks Maintain Services for Some Russian Firms
By Editors | 12/11/2022
The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.
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