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United States
Capital / Liquidity
CME, DTCC Launch Enhanced Treasury Cross-Margining Arrangement
By Mark Johnston | 25/01/2024
The new cross-margining arrangement will offer capital savings for clearing members, and improve the efficiency and resilience of the overall Treasury market.
Sanctions
US Senate Committee Approves REPO for Ukrainians Act
By Manesh Samtani | 25/01/2024
If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.
Securities / Derivatives
US SEC Adopts Rules to Enhance Protections for SPAC Investors
By Editors | 24/01/2024
The new rules will help address information asymmetries, misleading information, and conflicts of interest in SPAC and de-SPAC transactions.
Securities / Derivatives
Philippine SEC Propose to Lower Stockbroker Commission Rates
By Editors | 24/01/2024
The minimum PHP 20 currently charged by stock brokers per transaction was set 50 years ago in 1973.
Crypto / Digital Assets
US SEC Confirms “SIM Swap” Attack as Cause of Social Media Hack
By Editors | 24/01/2024
The SEC said an employee’s phone was targeted in a “SIM swap” attack through the agency’s telecom carrier, after multifactor authentication was left disabled since last July.
Sanctions
US, UK Join Australia in Sanctioning Russian Cyber Attacker
By Mark Johnston | 24/01/2024
The US and UK took action “in solidarity with Australia” because of the similar risk Aleksandr Ermakov presents to both countries.
Sanctions
US, UK, Australia Announce New Round of Hamas Sanctions
By Editors | 23/01/2024
OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.
Crypto / Digital Assets
Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1
By Nithya Subramanian | 22/01/2024
Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.
Enforcement
US Regulators Fine ICBC New York Branch for Regulatory Violations
By Editors | 22/01/2024
ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.
Sanctions
US Sanctions Prompt Turkish Banks to Reject Russian Payments
By Editors | 22/01/2024
Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.
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