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Enforcement
SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”
By Editors | 28/10/2019
SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.
Market Infrastructure
Regulatory Data: Arrows for the Quiver?
By Hannah Cassidy | 25/10/2019
Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.
Fintech / Regtech
Thailand SEC Approves First ICO Portal
By Editors | 23/10/2019
Under Thailand’s regulatory framework, ‘ICO portals’ help screen ICOs, conduct due diligence, prove smart contract source codes and verify KYC processes before they are released to the market.
Enforcement
US SEC Charges Chinese Traders in Market Manipulation Scheme
By Editors | 21/10/2019
The market manipulation scheme involved 18 traders primarily based in China, over 3,900 US-listed securities and over $31mn in illicit profits.
Enforcement
Former Supervisor at ICBC Unit Settles with US SEC
By Editors | 18/10/2019
The former supervisor of ICBC’s US broker-dealer unit has agreed to settle charges for failures involving the improper handling of transactions of ADRs.
Capital / Liquidity
US Fed Finalises Easier Capital, Liquidity Rules for Banks
By Editors | 14/10/2019
Banks that present less risk, including foreign banks, will have reduced requirements. An idea to subject US branches of foreign banks to new liquidity requirements has also been dropped.
Securities / Derivatives
SEBI Allows Indian Firms to Issue Depository Receipts
By Editors | 12/10/2019
Domestically listed companies will be allowed to issue depository receipts on certain international bourses as well as on GIFT City exchanges.
Sanctions
Philippine SEC Proposes New Rules for REITs
By Editors | 10/10/2019
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
Capital / Liquidity
Volcker Rule Rewrite Gets Final Approval After Fed Sign-off
By Editors | 10/10/2019
The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.
Capital / Liquidity
Initial Margin Challenges Confronting Asian Markets
By Purtini Joshi | 08/10/2019
DTCC’s Purtini Joshi outlines three key challenges firms need to address to ensure compliance with Phase 5 and Phase 6 implementation of initial margin regulations.
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