ADVERTISEMENT
Market Infrastructure
Guidance Issued for US Transition to T+1 Securities Settlement
By Editors | 02/08/2022
DTCC, SIFMA and ICI have published guidance to help market participants prepare for the US transition to a T+1 securities settlement cycle in 2024.
Enforcement
Banks Preparing to Pay Fines for Use of Messaging Apps
By Editors | 02/08/2022
US regulators are expected to announce penalties in the coming weeks over the use of unauthorised messaging apps for business communications.
Capital / Liquidity
CFTC Proposes Capital Comparability Determination for Japan
By Editors | 02/08/2022
Nonbank swap dealers domiciled in Japan would be able to satisfy certain US capital and financial reporting requirements by complying with comparable requirements in Japan.
US SEC Asks Firms to Detail Russia-Related Exposures – Report
By Editors | 01/08/2022
The SEC sought broad information from companies in May but is now asking for more specifics from some firms, including Citi.
ESG / Sustainability
US Treasury Launches Data Hub for Climate Risk Assessments
By Editors | 01/08/2022
The Climate Data and Analytics Hub will enable financial regulators to use data from across the government to assess climate-related financial stability risks.
AML / KYC
Philippine Court Jails Seven Over Investment Scam
By Editors | 28/07/2022
Seven perpetrators of a PHP 3 billion investment scam were sentenced to 20 years in jail each on top of financial penalties. Four others remain at large.
AML / KYC
US Treasury Allows Payouts on Russia Bond CDS
By Editors | 28/07/2022
General licence authorises US persons to participate in auction processes and receive Russian bonds to settle CDS transactions with Russian entities.
AML / KYC
US SEC Issues Fines Over Identity Theft Prevention Programmes
By Editors | 28/07/2022
JP Morgan Securities will pay a $1.2mn penalty, UBS Financial Services will pay $925,000, and TradeStation Securities will pay $425,000.
Securities / Derivatives
Alibaba Unveils Plans to Upgrade Hong Kong Listing Status
By Editors | 27/07/2022
Alibaba is planning to upgrade its secondary listing status in Hong Kong to a primary listing, so that it can qualify for inclusion in Stock Connect and benefit from mainland investment.
Securities / Derivatives
CFTC, SEC Preparing to Tackle More Crypto-related Risks
By Manesh Samtani | 27/07/2022
The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.