United States

    Crypto / Digital Assets

    US DOJ Charges Ex-Coinbase Employee for Insider Trading

    By Manesh Samtani | 25/07/2022

    A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.

    Market Infrastructure

    Fed Consults on Default Rules for Legacy LIBOR Contracts

    By Editors | 24/07/2022

    The rules would implement a law enacted earlier this year that provides a uniform solution for replacing LIBOR references in contracts without adequate fallback provisions.

    Enforcement

    UK FRC Scrutinises Audit Firms’ Exam Cheating Controls

    By Editors | 24/07/2022

    The UK Financial Reporting Council asked 7 audit firms to detail the controls that are in place to prevent and detect cheating in professional exams.

    AML / KYC

    US Recovers Crypto Ransoms Paid by Healthcare Providers

    By Editors | 23/07/2022

    The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.

    Fintech / Regtech

    Philippines: Diokno Directs SEC to Further Digitalise Markets

    By Editors | 21/07/2022

    Finance Secretary Benjamin Diokno directed the SEC to use digital technologies to improve monitoring, build investor trust, protect the investing public, and better serve the economy.

    Capital / Liquidity

    Korea, US Agree to Cooperate to Stabilise Currency Markets

    By Editors | 19/07/2022

    Korean and US officials have not explicitly agreed to reopen a currency swap line which expired at the end of last year.

    Crypto / Digital Assets

    US Treasury Consults on Digital Asset Risks and Opportunities

    By Editors | 17/07/2022

    The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.

    Crypto / Digital Assets

    Thailand Refines Rules for Crypto Firms, Issues Draft Rules for Banks

    By Manesh Samtani | 15/07/2022

    The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.

    ESG / Sustainability

    Thailand SEC Launches ‘SDG Investor Map’

    By Editors | 15/07/2022

    The SEC says the SDG Investor Map will promote the capital market as a mechanism for driving Thailand towards the UN SDGs.

    ESG / Sustainability

    US SEC Overhauls 2020 Proxy Rules

    By ESG Investor | 14/07/2022

    SEC Commissioner Allison Herren Lee said the amendments are “bettered tailored” to balance the needs of investors.

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