United States

Fintech / Regtech

Thailand to Launches DLT Pilot Trading Corporate Bonds

By Editors | 26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

Enforcement

Philippine SEC Orders Takeover of Brokerage Following Stock Theft

By Editors | 19/11/2019

A settlement clerk siphoned client securities into a private account and sold them over eight years, leaving a $13.8 million hole in R&L Investments’ books.

Press Release

Dow Jones Wins Best Solution in Regulatory Intelligence

By Editors | 14/11/2019

Dow Jones Risk & Compliance has been awarded Best Solution in Regulatory Intelligence.

Securities / Derivatives

SET Launches Interbank Payment System for Securities Transactions

By Editors | 13/11/2019

The new system will provide greater convenience for investors, alleviate intermediaries’ cash management burden, and mitigate payment risks in the banking system.

Market Infrastructure

Thailand Eases Capital Controls to Stem Currency’s Rise

By Editors | 08/11/2019

Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.

Fintech / Regtech

SFC Issues Guidance on Outsourcing of Data Storage

By Editors | 01/11/2019

Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.

AML / KYC

US Agrees to $700mn Settlement with 1MDB Financier Jho Low

By Manesh Samtani | 31/10/2019

The proposed settlement would resolve civil forfeiture cases tied to Low, but does not release him from other criminal charges. Low gets to keep $15mn to pay his lawyers.

Capital / Liquidity

Philippines Mulls Imposing Limits on Lending Rates, Fees

By Editors | 30/10/2019

The BSP is considering placing limits on the interest rates and other fees lenders and finance companies can charge borrowers in response to a request from the SEC.

Market Infrastructure

A Liquid Global Swaps Market Relies on Deference: CFTC’s Quintenz

By Manesh Samtani | 29/10/2019

Market fragmentation poses serious risks to the liquidity and health of the derivatives markets, said CFTC commissioner Brian Quintenz at the ISDA Annual Japan Conference.