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Sustainable Finance
Thailand SEC, UK Govt to Collaborate in Financial Sector
By Editors | 02/09/2020
The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.
Trading & Investment
US SEC Approves Rules to Allow Direct Listings on NYSE
By Editors | 31/08/2020
Direct listings allow private companies to raise money without going through the high IPO underwriting fees charged by investment banks.
Fraud, Scams & Cybercrime
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
By Manesh Samtani | 31/08/2020
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
Fraud, Scams & Cybercrime
US Agencies Warn of North Korean ATM Cash-out Threat
By Manesh Samtani | 30/08/2020
The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.
Structural Regulation
CSRC Offers to Allow PCAOB to Inspect State-owned Entities – Report
By Editors | 27/08/2020
The CSRC proposes to allow the PCAOB to choose any Chinese state-owned enterprises for trial inspections, though information related to national security would be redacted.
Trading & Investment
Philippines Issues Rules on New Investment Vehicle for Corporate Debt
By Editors | 26/08/2020
Corporate Debt Vehicles can issue securities to invest in bonds, notes or commercial papers issued by large corporations and medium-sized enterprises.
PEPs & Sanctions
US Sanctions Chinese Individuals, Entities Over South China Sea
By Editors | 26/08/2020
The US accuses one Chinese state-owned enterprise of engaging in “corruption, predatory financing, environmental destruction, and other abuses across the world.”
Trading & Investment
Thailand SEC to Allow Repo, Reverse Repo Trades by Retail Investors
By Editors | 25/08/2020
Allowing repo and reverse repo trades in listed securities and unit trusts with all investor types will provide them additional liquidity management tools, the SEC said.
KYC & CDD
Thailand SEC to Simplify KYC Rules for Low Risk Investment Products
By Editors | 22/08/2020
The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.
Market Abuse
Scotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m
By Editors | 20/08/2020
Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.
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