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United States
Crypto / Digital Assets
US Court Orders Ripple to Pay $125m for Securities Law Violations
By Manesh Samtani | 08/08/2024
The order ends years-long litigation brought by the US SEC in December 2020. CEO Brad Garlinghouse said the ruling is a “victory”.
Capital / Liquidity
US SEC Investigates Banks Over Interest Underpayments
By Nithya Subramanian | 08/08/2024
The SEC is probing some of the major US banks over allegations that they systematically cheated customers out of interest on deposits.
Fintech / Regtech
US Lawmakers Introduce Regulatory Sandbox Bill for AI
By Editors | 08/08/2024
The legislation would require the Fed, SEC, OCC, CFPB, FDIC, FHFA, and NCUA to establish regulatory sandboxes for AI experimentation.
Fintech / Regtech
US Regulators to Jointly Adopt Common Data Standards
By Editors | 06/08/2024
The Federal Reserve, SEC, CFTC and six other agencies will adopt common identifiers including the LEI and UPI.
Enforcement
SET Chairman Calls for Reforms to Address Corporate Fraud
By Editors | 05/08/2024
The SET says legal reforms are needed to enable the SEC to bypass the police and go directly to prosecutors, similar to practices in the US, South Korea, and Japan.
Securities / Derivatives
CFTC Exempts Two Singapore RMOs from SEF Registration
By Nithya Subramanian | 05/08/2024
The exemptions bring the total number of exempted approved exchanges and recognised market operators from Singapore to 18.
Securities / Derivatives
CFTC Revokes US Trading Permissions for TAIEX Futures
By Manesh Samtani | 04/08/2024
TSMC’s heavy TAIEX weighting means the index no longer meets the definition of a broad-based security index.
ESG / Sustainability
Thailand Revises Tax Incentive Programme to Promote ESG Funds
By Editors | 03/08/2024
The SEC is concurrently amending its regulations to give ESG fund managers more flexibility to invest in high quality listed companies.
Crypto / Digital Assets
Montenegro Confirms Decision to Extradite Do Kwon to Korea
By Manesh Samtani | 02/08/2024
The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.
Enforcement
US DOJ Launches Whistleblower Awards Pilot Programme
By Manesh Samtani | 02/08/2024
Whistleblower awards can be up to 30% of the first $100mn in assets forfeited and up to 5% of those between $100-500mn.
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