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United States
Securities / Derivatives
Philippine Stock Exchange Issues Final Short Selling Guidelines
By Sanday Chongo Kabange | 04/10/2023
The PSE said the SEC and BIR approved critical components of SBL transactions. A separate announcement will be made about the official launch date.
Enforcement
CFTC Fines Goldman for Failing to Prevent Disruptive Trading
By Mark Johnston | 03/10/2023
Goldman’s surveillance was not properly monitoring for disruptive trading and its preventative control to suspend such trading malfunctioned.
Enforcement
CFTC Fines Three Major FIs for Swap Reporting and Other Violations
By Mark Johnston | 03/10/2023
Affiliates of Goldman Sachs, JP Morgan, and Bank of America were fined a total $53mn for violating rules for swap dealers.
Capital / Liquidity
US, Korea to Cooperate on Risk Monitoring, Resolution Planning
By Sanday Chongo Kabange | 02/10/2023
The FDIC and KDIC will cooperate on risk monitoring, crisis management and resolution planning for FIs with operations in both countries.
Enforcement
Former Goldman Analyst, Three Others Charged for Insider Trading
By Mark Johnston | 02/10/2023
The former analyst tipped his friends to impending M&A deals. Together they made over $460,000 from trading on nonpublic information.
Big Picture
Fed Report Assesses Financial Stability Risks of Stablecoins
By Mark Johnston | 01/10/2023
In a separate note, JP Morgan says the Fed’s decision to prevent stablecoins from accessing its overnight facilities could risk disruption in funding markets.
Enforcement
US Regulators Penalise Shinhan Bank for AML Violations
By Mark Johnston | 01/10/2023
The US subsidiary of South Korea’s Shinhan Bank will pay a USD 15 million penalty to settle cases from FinCEN, the FDIC, and NYDFS.
Enforcement
US Regulators Fine 12 More Entities in WhatsApp Probe
By Editors | 29/09/2023
The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.
Securities / Derivatives
HKEX Allows Saudi Companies to Apply for Secondary Listings in Hong Kong
By Editors | 29/09/2023
Companies with a primary listing on the Saudi Exchange’s Main Market can apply for a secondary listing in Hong Kong.
Enforcement
Citigroup Fined for Violating Disclosure Obligations Under Reg BI
By Editors | 29/09/2023
Citi defaulted about 360,000 accounts to receive disclosures electronically without receiving proper consent from the customers.
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