SECURITIES / DERIVATIVES

AML / KYC

Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes

By Manesh Samtani | 26/05/2022

The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.

Securities / Derivatives

‘Significant Issues’ Remain on US-China Audit Deal

By Editors | 26/05/2022

The SEC’s YJ Fischer confirmed that progress has been made in talks with Chinese regulators, but warned that time was “quickly running out”.

Securities / Derivatives

China Allows Expanded Use of Currency Hedging Tools

By Editors | 26/05/2022

Financial institutions are allowed to offer American-style and Asian-style FX options, in addition to European-style FX options already allowed.

ESG / Sustainability

ESG Explainer: SEC Lays Its Cards on the Table

By ESG Investor | 25/05/2022

Despite high levels of investor support, proposed rules on climate-related disclosures have prompted questions of regulatory over-reach.

Fintech / Regtech

SET, UOB Join SGX, Temasek as Investors in ADDX

By Editors | 25/05/2022

SET’s move to invest in ADDX reflects a trend towards a “new capital market landscape that emphasises continuity between the public and private markets”.

ESG / Sustainability

US SEC Fines BNY Mellon Unit for ESG Misstatements

By Editors | 25/05/2022

BNY Mellon Investment Adviser stated in documents that all investments in its funds had undergone an ESG quality review, but that this was not always the case.

Securities / Derivatives

CME to Launch Crypto Reference Rates, Indices in Euro

By Editors | 24/05/2022

New non-tradable EUR-denominated reference rates and real-time indices for Bitcoin and Ether will be published starting 6 June.

Securities / Derivatives

CSRC Revises Rules for Managers of Publicly Offered Funds

By Editors | 24/05/2022

The rules increase emphasis on ethical conduct and governance, loosen licensing restrictions, and allow public fund managers to outsource operations.

Market Infrastructure

SEBI Updates Market Infrastructure Cyber Security Framework

By Editors | 24/05/2022

Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.