United States

    Fintech / Regtech

    US Regulators Call for Powers to Regulate Stablecoins

    By Sanday Chongo Kabange | 02/11/2021

    US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.

    ESG / Sustainability

    BSP Directs Banks to Integrate Environmental, Social Risks

    By Editors | 31/10/2021

    Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.

    Fintech / Regtech

    US Agencies Probe Chinese Payment Terminal Maker PAX

    By Manesh Samtani | 28/10/2021

    PAX Global Technology is reportedly under investigation over allegations from a US payment processor that its terminals are being used to stage cyberattacks.

    Market Infrastructure

    US SEC Publishes Findings from Meme Stock Review

    By Editors | 26/10/2021

    SEC staff concluded that US markets functioned well and dislocations caused by short-selling were not the main cause of the extreme volatility in GameStop.

    Enforcement

    CFTC Pays Record-breaking $200m Whistleblower Award

    By Editors | 24/10/2021

    The award is the largest whistleblower payout on record, and for the first time includes an amount based on sanctions collected by a foreign regulator.

    Securities / Derivatives

    US Fed to Bar Officials from Buying Individual Stocks, Bonds

    By Editors | 23/10/2021

    Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.

    AML / KYC

    US Signals More Balanced Approach to Sanctions Policy

    By Manesh Samtani | 23/10/2021

    The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.

    Market Infrastructure

    US Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition

    By Sanday Chongo Kabange | 21/10/2021

    A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.

    Securities / Derivatives

    Thai SEC Consults on Three-tiered Investments by Funds

    By Pongnut Thanaboonchai | 21/10/2021

    The SEC is consulting on whether to allow mutual funds to make three-tiered investments in funds under the same company’s management.

    Crypto / Digital Assets

    NYSE Launches First US ETF Linked to Bitcoin with SEC Approval

    By Sanday Chongo Kabange | 21/10/2021

    The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.

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