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Market Infrastructure
Settlement Workflow Needs to be Fully Automated – DTCC
By Editors | 18/04/2019
Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.
Enforcement
Goldman, Credit Suisse Raided in Seoul in Samsung BioLogics Probe
By Editors | 15/04/2019
Prosecutors are reportedly looking for information about a scrapped Nasdaq listing of a Samsung BioLogics subsidiary, to shed light on possible accounting irregularities.
Market Infrastructure
US SEC Recognises NZX as Designated Offshore Market
By Editors | 11/04/2019
NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.
Capital / Liquidity
Federal Reserve Consults on New Rules for Foreign Banks in the US
By Editors | 11/04/2019
The proposals could relax capital and stress testing requirements for US branches of foreign banks, but impose stricter liquidity rules on those that engage in riskier activities.
AML / KYC
Standard Chartered Fined Over $1bn by US, UK Authorities
By Editors | 10/04/2019
Standard Chartered Bank will pay $947mn to US authorities for poor AML controls and sanctions breaches, and $134mn to the UK FCA for AML breaches.
Market Infrastructure
DTCC Partners with Droit to Automate Pre-Reporting Decision-Making
By Editors | 10/04/2019
DTCC’s pre-reporting solution can now determine – in real-time – the global cross-regulatory reporting implications and obligations for a particular transaction.
Securities / Derivatives
Merger Benefits Diminished Under Existing JPX-TOCOM Plan
By Editors | 07/04/2019
The current plan to keep crude oil and petroleum products on TOCOM will diminish the benefits of the planned merger with JPX.
Big Picture
Talking Disintermediation by DLT with DTCC’s Rob Palatnick
By Manesh Samtani | 04/04/2019
Regulation Asia sat down with DTCC’s Rob Palatnick to discuss his views on how far DLT will go in disintermediating the financial industry.
Market Infrastructure
EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues
By Editors | 01/04/2019
The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.
Market Infrastructure
Automated Trading Does Not Impact End-of-Day Volatility – CFTC
By Editors | 01/04/2019
A new report reveals that the rise of automated orders has not resulted in a systematic increase in end-of-day price volatility over a 6 year period.
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