United States

    AML / KYC

    OFAC Penalises MoneyGram & SAP for Sanctions Violations

    By Editors | 05/05/2021

    In both cases, OFAC cited voluntary self-disclosures, the non-egregiousness of the violations, and remedial action as the reasons for the penalty amounts.

    Fintech / Regtech

    Digital Dollar Project Prepares to Launch CBDC Pilot Tests

    By Sanday Chongo Kabange | 04/05/2021

    The DDP will launch five pilot programs over the next 12 months to measure the value of and inform the future design of a US CBDC.

    Market Infrastructure

    Industry Groups Collaborate to Plan Move to T+1 in US Equities

    By Sanday Chongo Kabange | 01/05/2021

    SIFMA, ICI and DTCC plan to complete their analysis on the next steps needed to shorten the settlement cycle in US equities by the end of Q3 2021.

    ESG / Sustainability

    LuxSE Displays First Sustainability Bond from Thailand on LGX

    By Sanday Chongo Kabange | 30/04/2021

    Thailand opted to list the sustainability bond on the Luxembourg Green Exchange to strengthen access to the international investor community.

    Enforcement

    SEC Thailand Seeks Investigative, Prosecutorial Powers

    By Editors | 29/04/2021

    The SEC seeks powers to investigate and prosecute its own cases and speed up enforcement against capital market violations.

    Securities / Derivatives

    Bank Losses from Archegos Collapse to Exceed $10bn

    By Sanday Chongo Kabange | 29/04/2021

    New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.

    Crypto / Digital Assets

    US House Passes Bill to Foster Innovation in Digital Assets

    By Editors | 25/04/2021

    The bill will require the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector on digital assets.

    AML / KYC

    Final Phase of Meng Extradition Case to Be Delayed

    By Sanday Chongo Kabange | 25/04/2021

    The final phase of the extradition case is being delayed to allow Meng’s lawyers to examine documents being provided by HSBC as a result of a Hong Kong court ruling.

    Market Infrastructure

    DTCC Study Highlights Need to Enhance Post-trade Processes

    By Editors | 22/04/2021

    The sell-side is seeking enhancements to reconciliations and confirmations capabilities. The buy-side is focusing on fails and collateral management.

    Market Infrastructure

    ARRC Outlines Principles for Forward-Looking SOFR Term Rate

    By Editors | 22/04/2021

    The ARRC said it is seeking to provide greater clarity on the likelihood and potential timing of a recommended SOFR term rate for certain uses.

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