United States

CBDCs

Federal Reserve Explores Feasibility of US Dollar CBDC

By Editors | 11/02/2020

The Fed is exploring policy and design issues, legal considerations, and financial stability and resilience implications, governor Lael Brainard says.

Fraud, Scams & Cybercrime

Liar’s Poker – The 1MDB Version

By Peter Guy | 11/02/2020

1MDB sorely tested principles-based regulation and compliance at Goldman Sachs. But, the bank was likely set up as a victim from the very beginning, says Peter Guy.

Anti-Money Laundering

US Treasury Issues 2020 National Strategy for Combatting Illicit Finance

By Editors | 10/02/2020

The document highlights increased transparency, an improved supervisory framework for FIs, and enhanced operational capabilities as three strategic priorities for the US AML/CFT regime.

Data Privacy

US, Singapore Jointly Declare Opposition to Data Localisation

By Editors | 06/02/2020

The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.

Sustainable Finance

Thailand, Luxembourg Explore Financial Market Cooperation

By Editors | 04/02/2020

Thailand’s SEC and LuxSE have discussed cooperation to promote sustainable finance, while also agreeing to explore the creation of a trading link between the two countries.

Emerging Prudential Risks

Further Volcker Rule Easing Proposed, Despite Dissenting Voices

By Manesh Samtani | 01/02/2020

The proposed revisions seek to relax the Volcker Rule’s general prohibition on banks investing in hedge funds, private equity funds and credit funds.

Trading & Investment

SEC Philippines Drafts Derivatives Investment Rules for Funds

By Editors | 29/01/2020

The global exposure to financial derivatives must not exceed 20% of the qualifying fund’s net assets, up from 10% previously.

PEPs & Sanctions

Sanctions Screening Short Cuts Not Worth the Risk: Refinitiv

By Manesh Samtani | 29/01/2020

Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.

Structural Regulation

KRX to Cap KOSPI 200 Single Stock Weighting at 30pc

By Editors | 27/01/2020

Institutional investors who mirror the KOSPI 200 index may need to offload an estimated 500-800bn won worth of Samsung Electronics shares to rebalance their portfolios.