United States

Market Infrastructure

CFTC Swaps Reform to Give Deference to Foreign Regulators

By Manesh Samtani | 12/09/2018

The CFTC’s approach to swaps regulation to date has been an over-expansive assertion of its jurisdiction, said its chairman Christopher Giancarlo in Japan this week.

Market Infrastructure

Thailand, Clearstream to Link Funds Platforms by Early 2019

By Manesh Samtani | 10/09/2018

The link will give international investors access to Thai funds and in due course provide Thai investors access to international funds markets.

Enforcement

HKMA Endorses Benefits of Cooperation

By Will Hallatt | 07/09/2018

The HKMA’s guidance note expressly signals its desire to encourage and facilitate cooperation in investigations and enforcement proceedings, noting time, cost and resource savings for the regulator and institutions or individuals concerned.

Market Infrastructure

BSP Unveils First Financial Stability Report

By Garima Chitkara | 30/08/2018

Inaugural financial stability report focuses on impact of higher interest rates and weakening EM currencies on outstanding debt. It also looks at potential financial stability implications from fintech and ASEAN integration.

Securities / Derivatives

Cambodia Set to Launch First Ever Corporate Bond

By Editors | 29/08/2018

The country’s third largest microfinance institution has obtained approval from the central bank, and is now seeking final approval from the securities regulator and exchange.

Fintech / Regtech

MAS, SGX to Develop Cross-Platform DvP Settlement of Tokenised Assets

By Manesh Samtani | 27/08/2018

Nasdaq, Deloitte and Anquan appointed as technology partners to enable simultaneous exchange and settlement of tokenised digital currencies and securities assets using blockchain technology.

Crypto / Digital Assets

The Rise of the Crypto Hedge Fund: Opportunities and Challenges

By Hannah Cassidy | 27/08/2018

Cryptocurrency is fast establishing itself as a mainstream asset class, evident from the emergence of several new crypto hedge funds. However, given the complex regulatory and operational issues involved, it is important for firms to review crypto-related projects carefully and engage with regulators early to avoid costly surprises and delays.

Securities / Derivatives

CFTC Grants Osaka Exchange FBOT Registration Status

By Editors | 23/08/2018

Osaka Exchange demonstrates the attributes of an established, organised exchange which is subject to continued oversight by regulators, the CFTC said.

Market Infrastructure

Trade Row May Delay US Banks Seeking China Expansion – Report

By Manesh Samtani | 23/08/2018

US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.