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Market Infrastructure
US Fed Delays ISO 20022 Implementation Until March 2025
By Editors | 03/07/2022
ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.
Enforcement
Tougher Enforcement, Regulation on ESG Funds a “Wake-up Call”
By ESG Investor | 03/07/2022
DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.
Fintech / Regtech
Thai SEC Launches Open Data Portal to Enhance Transparency
By Editors | 30/06/2022
The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.
Enforcement
US SEC Fines EY for Employee Cheating on CPA Exams
By Editors | 30/06/2022
The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.
AML / KYC
G7 Nations Announce Ban on Russian Gold Imports
By Manesh Samtani | 30/06/2022
The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.
Crypto / Digital Assets
Thai SEC Proposes to Tighten Rules for ICO Portals
By Editors | 28/06/2022
ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.
Capital / Liquidity
US Banks Pass Severe Recession Scenario of Fed Stress Test
By Editors | 28/06/2022
JPMorgan, BofA and Citi said their CET1 capital ratios relative to risk-weighted assets would rise by about one full percentage point starting October.
G7 Announces Initiative to Counter Belt and Road Initiative
By Editors | 28/06/2022
The US plans to contribute USD 200 billion to the new initiative, while the rest of the G7 will contribute another USD 400 billion.
Market Infrastructure
US Lawmakers Conclude Review Into Meme Stock Market Event
By Editors | 28/06/2022
A House committee says the SEC should introduce a liquidity rule for clearing brokers and FINRA should establish liquidity planning requirements.
Market Infrastructure
Court Rules Foreign Banks Must Face LIBOR Lawsuits in US
By Editors | 26/06/2022
The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.
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