United States

    Supervision & Enforcement

    Philippines to Enhance Supervision of Financial Conglomerates

    By Editors | 04/02/2022

    The BSP, SEC, PDIC, and Insurance Commission have agreed to establish a supervisory college for financial conglomerate supervision.

    Structural Regulation

    CSRC Offers Reassurances to Foreign Institutional Investors – Report

    By Editors | 02/02/2022

    CSRC vice chairman Fang Xinghai told global banks and asset managers to expect a “positive surprise” on Sino-US capital markets cooperation by June.

    Cryptocurrency

    Thailand Finalises Tax Policy for Income from Crypto Trading

    By Editors | 02/02/2022

    Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.

    PEPs & Sanctions

    Preparing for New Russia-Related Sanctions, Export Controls

    By Nick Turner | 01/02/2022

    Nick Turner and Steptoe partners summarize noteworthy US proposals for imposing Russia-related sanctions over the situation in Ukraine.

    Market Abuse

    US Court Acquits Deutsche Traders in LIBOR Rigging Case

    By Editors | 28/01/2022

    Former Deutsche Bank traders Matthew Connolly and Gavin Black were convicted in October 2018. Both have now been acquitted.

    Clearing & Post-Trade

    Sri Lanka Commences Work to Establish CCP for Equities

    By Duruthu E Chandrasekera | 27/01/2022

    SEC chairman Viraj Dayaratne said “steady progress” is being made and the CCP is expected to launch by year end as planned.

    Tokenisation

    Will 2022 Be the Year of NFT Regulation?

    By Javier Tamashiro | 27/01/2022

    The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.

    Credit Risk

    Philippine SEC Reveals Establishment of Five ‘Bad Bank’ Entities

    By Mark Johnston | 27/01/2022

    Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.

    Cryptocurrency

    Thailand to Prohibit Use of Digital Assets in Payments

    By Manesh Samtani | 26/01/2022

    The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.

    CBDCs

    BIS Innovation Hub to Expand Work Programme in 2022

    By Editors | 25/01/2022

    The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.

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