United States

Capital / Liquidity

CFTC Adopts New Swaps Rules Limiting Extraterritorial Oversight

By Editors | 27/07/2020

Chairman Heath Tarbert said it is unnecessary for the CFTC to be “the world’s policeman” for all swaps, given that most G20 jurisdictions have adopted similar swaps regulations.

AML / KYC

UPDATED – Malaysia, Goldman Agree to Settle 1MDB Charges

By Editors | 24/07/2020

Malaysia will drop all criminal charges against Goldman Sachs in exchange for a $2.5bn cash payment and help recovering an additional $1.4bn from 1MDB-related assets seized globally.

AML / KYC

Malaysia Resumes Talks with Goldman on 1MDB Settlement

By Editors | 22/07/2020

A six-member team from Goldman Sachs has entered Malaysia to resume negotiations on a 1MDB settlement. A deal is believed to be within reach.

Securities / Derivatives

SGX, Nasdaq Agree to Streamline Dual Listing Process

By Editors | 21/07/2020

Under the agreement, information previously filed with the US SEC or Nasdaq can be used to fulfil documentary requirements for a dual listing in Singapore.

Market Infrastructure

Bloomberg Begins Publishing IBOR Fallback Rates for Derivatives

By Editors | 21/07/2020

The calculations being published include the adjusted RFRs, the spread adjustment and the ‘all in’ IBOR fallback rates for certain key IBORs across various tenors.

Securities / Derivatives

CFTC Grants Certification to 23 HKFE Index Futures Contracts

By Editors | 20/07/2020

The 23 contracts can be offered and sold to US persons, and are among the new products being introduced as part of a ten-year licensing agreement with MSCI.

Securities / Derivatives

Thailand SEC Approves Rules on High-yield Bond Funds

By Editors | 15/07/2020

High-yield bond funds can be set up as non-redeemable closed-end mutual funds or investment trusts, with a maturity period of at least two years.

AML / KYC

Trump Executive Order Opens China to Sanctions Over Hong Kong

By Manesh Samtani | 15/07/2020

Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.

AML / KYC

Sustainable Supply Chains and the Role Banks Play

By Editors | 14/07/2020

Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.