United States

Trading & Investment

Hong Kong-Thailand Mutual Recognition of Funds Takes Effect

By Manesh Samtani | 17/06/2021

Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.

Trading & Investment

UK Regulators Support US ‘SOFR First’ Proposal on Interdealer Swaps

By Editors | 17/06/2021

The FCA and BOE encourage liquidity providers to change USD linear swap trading conventions from USD LIBOR to SOFR on 26 July 2021.

Liquidity Risk

Facing the Next Crisis with Greater Liquidity Certainty

By Editors | 17/06/2021

More granular deposit modeling and enhanced stress testing approaches will augment liquidity risk management practices, says Gavin Pugh at AxiomSL.

Structural Regulation

BIS Innovation Hub Launches Nordic Centre in Stockholm

By Manesh Samtani | 16/06/2021

The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.

Anti-Money Laundering

SEC Orders Finance, Lending Companies to Submit AML Plans

By Editors | 16/06/2021

All financing and lending companies have until 21 June to submit plans for implementing a comprehensive and risk-based AML/CFT programme.

Emerging Prudential Risks

BOK Seeks Monetary Policy Normalisation This Year

By Ranamita Chakraborty | 16/06/2021

The central bank is considering a possible increase in its policy rate and a normalisation of monetary policy this year.

Market Abuse

US Federal Court Sanctions Australian Trader for Spoofing

By Sanday Chongo Kabange | 15/06/2021

The Propex Derivatives trader is required to repay $21,000 in disgorgement and cease and desist from violating anti-spoofing and manipulation rules.

Sustainable Finance

SGX, Nasdaq Partner to Enhance ESG Visibility of APAC Issuers

By Editors | 15/06/2021

The addition of SGX data to Nasdaq’s sustainable bond network will enhance transparency of green, social and sustainability bonds in Asia Pacific.

Cloud & Infrastructure

BIS, BOE Launch Innovation Hub London Centre

By Editors | 12/06/2021

The launch is part of a plan to expand the global reach of the BIS Innovation Hub, which includes the opening of Centres in Toronto, Frankfurt, Paris and Stockholm.