United States

    US SEC Asks Firms to Detail Russia-Related Exposures – Report

    By Editors | 01/08/2022

    The SEC sought broad information from companies in May but is now asking for more specifics from some firms, including Citi.

    ESG / Sustainability

    US Treasury Launches Data Hub for Climate Risk Assessments

    By Editors | 01/08/2022

    The Climate Data and Analytics Hub will enable financial regulators to use data from across the government to assess climate-related financial stability risks.

    AML / KYC

    Philippine Court Jails Seven Over Investment Scam

    By Editors | 28/07/2022

    Seven perpetrators of a PHP 3 billion investment scam were sentenced to 20 years in jail each on top of financial penalties. Four others remain at large.

    AML / KYC

    US Treasury Allows Payouts on Russia Bond CDS

    By Editors | 28/07/2022

    General licence authorises US persons to participate in auction processes and receive Russian bonds to settle CDS transactions with Russian entities.

    AML / KYC

    US SEC Issues Fines Over Identity Theft Prevention Programmes

    By Editors | 28/07/2022

    JP Morgan Securities will pay a $1.2mn penalty, UBS Financial Services will pay $925,000, and TradeStation Securities will pay $425,000.

    Securities / Derivatives

    Alibaba Unveils Plans to Upgrade Hong Kong Listing Status

    By Editors | 27/07/2022

    Alibaba is planning to upgrade its secondary listing status in Hong Kong to a primary listing, so that it can qualify for inclusion in Stock Connect and benefit from mainland investment.

    Securities / Derivatives

    CFTC, SEC Preparing to Tackle More Crypto-related Risks

    By Manesh Samtani | 27/07/2022

    The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.

    Market Infrastructure

    SOFR Academy, Invesco Launch New Credit Spread Indices

    By Editors | 26/07/2022

    The new indices – known as AXI and FXI – will serve as forward-looking credit spread add-ons for SOFR for use in lending and derivatives markets.

    Crypto / Digital Assets

    US SEC Plans to Require Registration from Crypto Lending Firms

    By Mark Johnston | 26/07/2022

    SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.

    Securities / Derivatives

    SGX, NYSE Agree to Collaborate on Dual Listings

    By Editors | 25/07/2022

    The agreement also covers the joint development of new ESG, index, and ETF products to address the growing needs of market participants and investors.

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