United States

AML / KYC

US Says Hong Kong Risks Becoming Haven for Sanctioned Russians

By Editors | 11/10/2022

The warning came days after Hong Kong indicated it would not pursue action against a superyacht owned by a sanctioned Russian oligarch that docked in the city.

Market Infrastructure

US, EU Move to Adopt New Data Sharing Framework

By Editors | 10/10/2022

The legal basis for transatlantic data transfers has been uncertain since 2020, after the EU-US Privacy Shield was declared invalid under EU law.

Market Infrastructure

FASB Extends LIBOR Accounting Relief for Two More Years

By Editors | 10/10/2022

The relief delays more onerous accounting treatment that borrowers with legacy LIBOR loans would face if the relief was not extended.

ESG / Sustainability

US FSOC Establishes New Advisory Committee on Climate Risk

By Editors | 08/10/2022

The committee will help the FSOC gather information, conduct analysis, and make recommendations to address climate-related financial risks.

Crypto / Digital Assets

CFTC Allowed to Serve Complaint to DAO Through Website

By Editors | 05/10/2022

The CFTC intends to hold any voting member of the Ooki DAO individually liable for violations of the Commodity Exchange Act and CFTC regulations.

ESG / Sustainability

Thai Stock Exchange Launches New ESG Data Platform

By Editors | 05/10/2022

Phase one allows listed companies to submit ESG data to the platform. Phase two will enable the distribution of ESG data to the public domain within the Q2 2023.

Fintech / Regtech

ISDA Nears Completion of Work to Digitise CFTC Reporting Rules

By Editors | 04/10/2022

ISDA working groups are transforming CFTC swap data reporting rules into machine-executable code ahead of implementation on 5 December.

Capital / Liquidity

US Regulators Call for New Laws for Crypto, Stablecoins

By Manesh Samtani | 04/10/2022

FSOC report calls for legislation to establish stablecoin regulation, supervisory authority over crypto asset entities, and rulemaking authority over crypto-asset spot markets.

Crypto / Digital Assets

US SEC Fines Celebrity Kim Kardashian for Promoting Crypto

By Editors | 04/10/2022

Kardashian failed to disclose the compensation she received to promote EMAX tokens on Instagram. The case is a warning to other celebrities and influencers.