United States

    Anti-Bribery & Corruption

    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.

    Trading & Investment

    Thailand Proposes Rule Changes to Enable Hong Kong MRF

    By Editors | 13/07/2020

    The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.

    PEPs & Sanctions

    China Imposes Retaliatory Sanctions Against US Officials

    By Editors | 13/07/2020

    The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.

    Trading & Investment

    Philippines Proposes Regulatory Framework for Corporate Debt Funds

    By Sanday Chongo Kabange | 13/07/2020

    The new closed-end investment vehicle will enable investment in debt paper issued by large and medium-sized corporations, to help avert credit and liquidity crises.

    PEPs & Sanctions

    US Sanctions Chinese Officials Over Uyghur Human Rights

    By Editors | 12/07/2020

    US persons and financial institutions are prohibited from conducting financial transactions with any of the four designated individuals.

    Liquidity Risk

    Banks ‘Must’ Pass on Reduce Rates to Borrowers: CBSL

    By Duruthu E Chandrasekera | 10/07/2020

    Sri Lanka’s central bank has cut interest rates again and is ramping up pressure for banks to reduce the rates they charge borrowers, particularly small businesses.

    PEPs & Sanctions

    Chinese Banks Plan for Possible US Sanctions – Report

    By Editors | 09/07/2020

    Bank of China and ICBC are reportedly preparing for worst-case possibilities that they could be cut off from US dollars or lose access to US dollar settlements.

    Anti-Money Laundering

    New York Regulator Fines Deutsche Bank for AML Failures

    By Editors | 08/07/2020

    Deutsche Bank has been fined $150mn for its dealings with known sex trafficker Jeffrey Epstein and its correspondent banking relationships with Danske Bank Estonia and FBME Bank.

    PEPs & Sanctions

    New Bill Could Ban Some Chinese Firms from US Capital Markets

    By Editors | 06/07/2020

    The bill would reportedly seek to ban Chinese companies that engage in spying or human rights abuse, or support China’s military or industrial policy.

    PEPs & Sanctions

    Global Banks Seek Clarity on ‘Hong Kong Autonomy Act’

    By Editors | 05/07/2020

    Under the legislation, banks can be penalised for conducting a ‘significant transaction’ with Chinese individuals or entities named as having contributed to the erosion of Hong Kong’s autonomy.

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