United States

    G7 Announces Initiative to Counter Belt and Road Initiative

    By Editors | 28/06/2022

    The US plans to contribute USD 200 billion to the new initiative, while the rest of the G7 will contribute another USD 400 billion.

    Market Infrastructure

    US Lawmakers Conclude Review Into Meme Stock Market Event

    By Editors | 28/06/2022

    A House committee says the SEC should introduce a liquidity rule for clearing brokers and FINRA should establish liquidity planning requirements.

    Market Infrastructure

    Court Rules Foreign Banks Must Face LIBOR Lawsuits in US

    By Editors | 26/06/2022

    The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.

    ESG / Sustainability

    Listed Equities’ Carbon Well Exceeds Paris Target

    By ESG Investor | 26/06/2022

    Stock exchanges’ listing rules are putting investors at risk, a new report from think tank Carbon Tracker finds.

    AML / KYC

    US Sanctions Companies in HK, UAE for Iran-linked Dealings

    By Editors | 23/06/2022

    The sanctions came on the back of attempts by the US to restore the JCPOA, for which Iran is demanding some sanctions be lifted.

    ESG / Sustainability

    Thai SEC Partners With CDP to Drive Environmental Disclosures

    By Sanday Chongo Kabange | 22/06/2022

    The SEC and CDP will co-develop a programme to improve the quantity and quality of environmental disclosures from corporates and FIs in Thailand.

    Securities / Derivatives

    Thai SEC Directs Listcos to Exercise Prudence in Crypto Business

    By Editors | 20/06/2022

    Circulars were sent to listed companies regarding digital assets. The SEC’s final advertising rules will take effect on 16 July. Huobi has exited the Thai market.

    Enforcement

    US Regulators Probe Celsius Suspension of Crypto Withdrawals

    By Editors | 20/06/2022

    Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process “will take time”.

    Crypto / Digital Assets

    US SEC Probes Insider Trading Controls at Crypto Firms: Reports

    By Editors | 19/06/2022

    The SEC is reportedly seeking information about how crypto exchanges protect their users from insider trading on their platforms.

    Enforcement

    US SEC Penalises Schwab Over Robo-Adviser Disclosures

    By Editors | 16/06/2022

    High cash balances resulted in lower returns for robo-adviser clients.  The effect of this “cash drag” was not disclosed to clients, the SEC said.

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