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Market Infrastructure
SOFR Academy, Invesco Launch New Credit Spread Indices
By Editors | 26/07/2022
The new indices – known as AXI and FXI – will serve as forward-looking credit spread add-ons for SOFR for use in lending and derivatives markets.
Crypto / Digital Assets
US SEC Plans to Require Registration from Crypto Lending Firms
By Mark Johnston | 26/07/2022
SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.
Securities / Derivatives
SGX, NYSE Agree to Collaborate on Dual Listings
By Editors | 25/07/2022
The agreement also covers the joint development of new ESG, index, and ETF products to address the growing needs of market participants and investors.
Crypto / Digital Assets
US DOJ Charges Ex-Coinbase Employee for Insider Trading
By Manesh Samtani | 25/07/2022
A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.
Market Infrastructure
Fed Consults on Default Rules for Legacy LIBOR Contracts
By Editors | 24/07/2022
The rules would implement a law enacted earlier this year that provides a uniform solution for replacing LIBOR references in contracts without adequate fallback provisions.
Enforcement
UK FRC Scrutinises Audit Firms’ Exam Cheating Controls
By Editors | 24/07/2022
The UK Financial Reporting Council asked 7 audit firms to detail the controls that are in place to prevent and detect cheating in professional exams.
AML / KYC
US Recovers Crypto Ransoms Paid by Healthcare Providers
By Editors | 23/07/2022
The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.
Fintech / Regtech
Philippines: Diokno Directs SEC to Further Digitalise Markets
By Editors | 21/07/2022
Finance Secretary Benjamin Diokno directed the SEC to use digital technologies to improve monitoring, build investor trust, protect the investing public, and better serve the economy.
Capital / Liquidity
Korea, US Agree to Cooperate to Stabilise Currency Markets
By Editors | 19/07/2022
Korean and US officials have not explicitly agreed to reopen a currency swap line which expired at the end of last year.
Crypto / Digital Assets
US Treasury Consults on Digital Asset Risks and Opportunities
By Editors | 17/07/2022
The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.
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