Designation will allow Indian exchange BSE to sell securities to US investors without needing to register them with the US SEC.
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...
Vice chairman says to allow more foreign banks to set up more than one holding company, which each regulated separately according to different risk profiles.
Shanghai Clearing House is permitted to clear certain swaps subject to mandatory clearing in China for the proprietary trades of its clearing members that are US persons.
The Trump administration’s Chapter 14 – a misguided attempt to end “too big to fail” by sending bank resolutions to court – will only heighten systemic risk.
US regulator says deal didn’t comply with rules governing stock exchange ownership, lacked transparency on source of funds and relationships among investors.
The US Senate Banking Committee held a fact-finding hearing seeking the views of both the CFTC and SEC chairmen on cryptocurrency regulation.
Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.
HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.
US banks lobbied hard for a rollback of the Volcker Rule and a return to proprietary trading to bolster profits. They will soon find that it’s now a different world.
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