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ESG / Sustainability
Biden Directs US Federal Agencies to Take Action on Climate
By Editors | 25/05/2021
Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.
Market Infrastructure
G7 Close to Deal on Global Minimum Corporate Tax Rate
By Sanday Chongo Kabange | 24/05/2021
A US Treasury’s proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.
Market Infrastructure
CME Group to be Recommended as SOFR Term Rate Administrator
By Editors | 24/05/2021
A recommended SOFR term rate is now in clear sight, said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.
AML / KYC
US Treasury Paper Outlines Proposal for New Tax Reporting Regime
By Sanday Chongo Kabange | 24/05/2021
The paper proposes that transfers involving crypto assets worth more than USD 10,000 be reported to the IRS under the new reporting regime.
Enforcement
SEC Penalises S&P Dow Jones Indices for Disclosure Failure
By Ranamita Chakraborty | 22/05/2021
The SEC settled charges against S&P DJI for the dissemination of stale index values which resulted from an undisclosed quality control feature.
Capital / Liquidity
Thailand SEC Issues Rules for Sustainability-Linked Bond Issuance
By Sanday Chongo Kabange | 21/05/2021
To help promote the issuance and offering of sustainability-linked bonds, the SEC will waive application and registration fees until 31 May 2022.
Securities / Derivatives
SET Amends Listing Rules to Introduce Market Cap Test
By Sanday Chongo Kabange | 20/05/2021
The listing rule changes will enable companies in target sectors to more easily access funding from Thailand’s capital market.
Securities / Derivatives
US Postpones Investment Ban on ‘Chinese Military Companies’
By Editors | 20/05/2021
The two-week delay is needed to craft a stronger policy to prohibit trades in companies connected to the Chinese military, including to evaluate the companies on the list.
AML / KYC
US DOJ Repatriates $460m of Seized 1MDB Funds to Malaysia
By Editors | 16/05/2021
Seized and repatriated 1MDB funds are being utilised to repay and service 1MDB and SRC’s debts, which remain above $10.2billion.
Securities / Derivatives
PCAOB Proposes Framework for HFCAA Determinations
By Editors | 16/05/2021
The PCAOB will use the proposed framework to determine when it is unable to carry out inspections of overseas audit firms of US-listed companies.
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