United States

    Fintech / Regtech

    BIS Innovation Hub Can Draw Lessons from GFIN

    By Manesh Samtani | 03/07/2020

    As the BIS Innovation Hub widens its reach, success will rely on its ability to cultivate a supportive ecosystem which includes financial institutions and innovators alike.

    Securities / Derivatives

    SGX to Launch New Taiwan Index Futures Contract

    By Editors | 01/07/2020

    The launch will help meet the rising demand of US and European investors for access and investment exposure to Taiwan, said SGX Head of Equities Michael Syn.

    Market Infrastructure

    Philippine SEC Seeks Independent Board at Stock Exchange

    By Editors | 01/07/2020

    The Philippine Stock Exchange currently has three independent directors on its 15-seat board. Under the proposed rules, a majority of the directors will have to be independent.

    AML / KYC

    National Security Legislation Promulgates in Hong Kong

    By Editors | 30/06/2020

    A legislative notice has been posted in the Hong Kong gazette, saying the national law applies in the city as part of the Basic Law from 11pm on 30 June 2020.

    Securities / Derivatives

    US Regulators Approve Volcker Rule Revisions

    By Editors | 30/06/2020

    The latest amendment allows banks to invest in venture capital and credit funds and reduces the amount of capital they have to set aside against inter-affiliate swap trades.

    AML / KYC

    UPDATED – Wirecard Fraud: A Timeline of Events

    By Editors | 30/06/2020

    Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.

    Capital / Liquidity

    US Banks See Continued Dividend, Buyback Restrictions

    By Editors | 29/06/2020

    The Fed’s stress tests found that roughly a quarter of the US big banks would approach the 4.5% minimum CET1 capital requirement in a worst-case scenario, a W-shaped recovery.

    Enforcement

    Luckin Coffee Abandons Plans to Appeal Nasdaq Delisting

    By Editors | 29/06/2020

    A hearing with Nasdaq Hearings Panel was scheduled for Thursday but Luckin withdrew its request a day before.

    Securities / Derivatives

    Cambodia Takes Steps to Develop Commodity Futures Market

    By Editors | 27/06/2020

    A feasibility study on commodity futures trading is being conducted by the securities regulator and Chinese conglomerate Ruifeng Tianfu Investment.

    AML / KYC

    Hong Kong Autonomy Act Advances in US Congress

    By Manesh Samtani | 26/06/2020

    Once signed into law, the Act will authorise the use of sanctions against individuals, entities and financial institutions in response to China’s new national security law for Hong Kong.

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