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Market Abuse
CFTC Pays Record-breaking $200m Whistleblower Award
By Editors | 24/10/2021
The award is the largest whistleblower payout on record, and for the first time includes an amount based on sanctions collected by a foreign regulator.
Conduct, Culture & Accountability
US Fed to Bar Officials from Buying Individual Stocks, Bonds
By Editors | 23/10/2021
Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.
PEPs & Sanctions
US Signals More Balanced Approach to Sanctions Policy
By Manesh Samtani | 23/10/2021
The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.
Emerging Prudential Risks
US Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition
By Sanday Chongo Kabange | 21/10/2021
A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
Trading & Investment
Thai SEC Consults on Three-tiered Investments by Funds
By Pongnut Thanaboonchai | 21/10/2021
The SEC is consulting on whether to allow mutual funds to make three-tiered investments in funds under the same company’s management.
Cryptocurrency
NYSE Launches First US ETF Linked to Bitcoin with SEC Approval
By Sanday Chongo Kabange | 21/10/2021
The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.
Stablecoins
CFTC Fines Tether as US Regulators Scrutinise Crypto Markets
By Mark Johnston | 21/10/2021
The CFTC has fined Tether $41mn and Bitfinex’s parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
Sustainable Finance
Thai SEC to Collaborate with Environmental Organisations
By Pongnut Thanaboonchai | 20/10/2021
The collaboration will aim to promote good governance, while encouraging businesses to take into account social and environmental considerations.
Anti-Bribery & Corruption
Credit Suisse Settles Charges Over Mozambique ‘Secret Debt’
By Editors | 20/10/2021
Transactions that raised over $1bn were used to “perpetrate a hidden debt scheme”, pay kickbacks to investment bankers, and bribe government officials.
Anti-Money Laundering
India, US Pledge to Take Stronger Action Against Financial Crime
By Editors | 20/10/2021
Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
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