United States

PEPs & Sanctions

China Imposes Reciprocal Sanctions Against Four US-Linked Individuals

By Editors | 06/12/2020

Four individuals at US-linked nonprofits are barred from entering China, including Hong Kong and Macau, for having “performed badly” over Hong Kong affairs.

Structural Regulation

Bill to Block Chinese Listings on US Markets Passes Congress

By Editors | 03/12/2020

Once the President signs the bill into law, Chinese companies would be blocked from listing in the US if they don’t submit to PCAOB audits.

PEPs & Sanctions

The Increasing Reliance on Data for Sanctioned Securities Screening

By Manesh Samtani | 02/12/2020

The onus often falls on FIs to uncover any links between sanctioned entities and potentially related securities, which can involve a significant data challenge.

PEPs & Sanctions

US to Designate Four Companies as Linked to Chinese Military

By Editors | 02/12/2020

The companies that will reportedly be added to the list of companies linked to the Chinese military include chipmaker SMIC and oil giant CNOOC.

Market Abuse

Former Convoy Executives Found Not Guilty in ‘Enigma Network’ Case

By Editors | 02/12/2020

The judge ruled that the evidence provided by prosecutors was not sufficient to prove there was any attempt to deceive the stock exchange or Convoy directors or investors.

Structural Regulation

Some USD LIBOR Settings May Continue Past End-2021

By Manesh Samtani | 01/12/2020

ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.

Structural Regulation

HKEX Proposes to Raise Profit Requirement for New IPOs

By Manesh Samtani | 30/11/2020

One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.

Supervision & Enforcement

US OCC Fines JPMorgan for Weak Controls Over Fiduciary Activities

By Editors | 29/11/2020

The deficiencies identified by the OCC constituted unsafe or unsound practices that were part of “a pattern of misconduct”, says the consent order.

Clearing & Post-Trade

CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing

By Editors | 29/11/2020

The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.