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Crypto / Digital Assets
Thailand Refines Rules for Crypto Firms, Issues Draft Rules for Banks
By Manesh Samtani | 15/07/2022
The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.
ESG / Sustainability
Thailand SEC Launches ‘SDG Investor Map’
By Editors | 15/07/2022
The SEC says the SDG Investor Map will promote the capital market as a mechanism for driving Thailand towards the UN SDGs.
ESG / Sustainability
US SEC Overhauls 2020 Proxy Rules
By ESG Investor | 14/07/2022
SEC Commissioner Allison Herren Lee said the amendments are “bettered tailored” to balance the needs of investors.
Crypto / Digital Assets
Fed Vice Chair Calls for Swift Action on Crypto Regulation
By Editors | 11/07/2022
This is the right time to establish which crypto activities are permissible for regulated entities and under what constraints, Lael Brainard said.
Market Infrastructure
ARRC Issues Transition Guidance for Legacy LIBOR Cash Products
By Editors | 11/07/2022
The LIBOR Legacy Playbook will help market participants transition legacy LIBOR cash products. Refinitiv will publish fallback rates based on the CME Term SOFR rates in September.
Crypto / Digital Assets
US Treasury Outlines Approach to International Engagement on Crypto
By Editors | 11/07/2022
The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.
AML / KYC
No Specific Customer Type is Automatically Higher Risk: US Agencies
By Manesh Samtani | 09/07/2022
Banks should use a risk-based approach when managing customer risk, and not decline to provide banking services to entire categories of customers.
Crypto / Digital Assets
IOSCO Outlines Planned Work to Address Crypto Market Risks
By Editors | 07/07/2022
The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.
Enforcement
CFTC Fines BNP, JPM for Swap Reporting Violations
By Editors | 06/07/2022
BNP Paribas agreed to pay USD 6 million for failing to correctly report over three million swap transactions. JPMorgan was fined USD 850,000.
Enforcement
Former Archegos Employee Sues Firm Over Deferred Bonuses
By Manesh Samtani | 06/07/2022
Archegos employees were “coerced” to invest their bonus money into the firm through a deferred compensation plan, which evaporated when the company collapsed last March.
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