United States

Market Infrastructure

Sri Lanka Signs Dual Bond Listing Deal with London

By Editors | 14/05/2019

Colombo’s stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka’s capital markets.

Market Infrastructure

US SEC Proposes Amendments to Cross-Border Swaps Rules

By Editors | 14/05/2019

The proposals address issues in applying security-based swaps rules in a cross-border context, and leave supervision of foreign trading practices and market structures to home supervisors.

Enforcement

Malaysia Extradites Former Goldman Banker to US

By Editors | 07/05/2019

Extradited from Malaysia, the former Goldman Sachs banker Roger Ng has pleaded not guilty to 1MDB-related charges in the US, and has been released under house arrest.

AML / KYC

Philippine FIU Seeks an End to Bank Secrecy Law

By Editors | 07/05/2019

The AML Council is seeking additional powers to combat financial crime, including the lifting of the bank secrecy law, which would allow it to check all accounts regardless of transaction thresholds.

AML / KYC

US Judge Subpoenas Chinese Banks in Sanctions Probe – Report

By Editors | 07/05/2019

A US federal judge has ordered three Chinese banks to provide documents in relation to a Hong Kong company which allegedly helped North Korea evade international sanctions.

Market Infrastructure

CFTC Chairman Seeks Formal Guidance on Phase 5 Initial Margin

By Manesh Samtani | 06/05/2019

Chairman Giancarlo seeks regulatory guidance clarifying that entities with calculated initial margin amounts less than $50mn need not make preparations to exchange initial margin.

Market Infrastructure

Securities Association Says MPFA Needs to Enable China Market Access

By Editors | 06/05/2019

MPF managers are allowed to invest in 40 approved overseas exchanges, but this does not include exchanges in China.

AML / KYC

Japan to Halt Overseas Transfers that Bypass Bank Accounts

By Editors | 06/05/2019

In preparation for this year’s FATF review, Japanese banks will reportedly terminate counter services for overseas remittances that bypass bank accounts.

Securities / Derivatives

MPF Needs Greater Access to China Markets – HKIFA

By Editors | 24/04/2019

Hong Kong fund managers are asking for Shanghai and Shenzhen to be included in the list of overseas markets approved for MPF investment.