United States

Structural Regulation

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.

Market Abuse

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.

Conduct, Culture & Accountability

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.

Tokenisation

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.

Market Abuse

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.

Market Abuse

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 Adequacy

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.

Trading & Investment

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.

Structural Regulation

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.