United States

Anti-Money Laundering

ICBC’s US Securities Unit Fined $5.3mn for AML Failures

By Garima Chitkara | 17/05/2018

US regulator FINRA has fined ICBC Financial Services for failing to have an AML program in place; ICBC FS also settled a case with the US SEC, paying $860,000 for failing to report suspicious transactions in its penny stock trading business.

Trading & Investment

China Bourses to Acquire 25pc of Dhaka Stock Exchange

By Manesh Samtani | 09/05/2018

Shanghai, Shenzhen exchanges will assist the DSE with trading technology, market cultivation, and product development as part of the USD111.6 million deal.

Trading & Investment

Korea Joins Regional Peers in Adopting AI-based Market Surveillance

By JP Reimann | 08/05/2018

KRX launches new market surveillance system based on artificial intelligence; reduces time to secure data on suspicious transactions from 5 days to 1 hour.

Cloud & Infrastructure

Fintech a Key Enabler for Financial Firms – DTCC

By Manesh Samtani | 07/05/2018

Markets safer and more resilient 10 years post-GFC, but regulatory complexities and rapidly-changing risk landscapes persist as challenges to the industry.

Trading & Investment

India Lifts Ban on Foreign Investments in T-bills

By Garima Chitkara | 04/05/2018

Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.

Cryptocurrency

Regulation in the Age of Cryptocurrencies

By Will Hallatt | 02/05/2018

Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.

Market Abuse

HKEX Fights Market Abuse with AI, Machine Learning Tech

By JP Reimann | 19/04/2018

NASDAQ technology aims to better safeguard market integrity, detect unusual trading and market abuse, and provide immediate review of group activity involving coordinated trades.

Cybersecurity

Systemically Damaging Cyber-attack Inevitable – DTCC

By Manesh Samtani | 21/03/2018

White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.

Cryptocurrency

Thailand to Legalise Cryptocurrency by Royal Decree

By Manesh Samtani | 14/03/2018

Cryptocurrencies will be classified as assets and regulated by SEC; capital gains from trading to be taxed at 10 percent.