United States

    Enforcement

    US SEC, BaFin Probe DWS Over ESG Investment – Reports

    By Editors | 30/08/2021

    The former global head of sustainability at DWS alleges that the firm overstated how many assets had been screened against ESG criteria.

    Market Infrastructure

    US Treasury ‘Will Not Adjudicate’ on LIBOR Replacement Rates

    By Manesh Samtani | 26/08/2021

    Nonfinancial corporations were seeking clarity on alternative rates and help to address difficulties obtaining loan agreements based on SOFR.

    Fintech / Regtech

    US SEC Seeks Regulatory Oversight Over DeFi Platforms

    By Pongnut Thanaboonchai | 26/08/2021

    SEC chairman Gary Gensler likens DeFi to P2P lending.  In 2008, the SEC said promissory notes issued to P2P investors were securities.

    AML / KYC

    Screening Financial Instruments for Investment-related Sanctions Risk

    By Manesh Samtani | 26/08/2021

    Refinitiv identified over 190,000 financial instruments relevant to the US investment ban against Non-SDN Chinese Military-Industrial Complex Companies as of 28 July.

    Securities / Derivatives

    SEC Directs Chinese Firms to Issue Disclosures on VIE Structures

    By Sanday Chongo Kabange | 26/08/2021

    Chinese companies have started to receive instructions from the SEC on the disclosures they must provide on their use of VIEs for US-bound IPOs.

    Market Infrastructure

    CME Group Launches BSBY Futures Contract

    By Editors | 25/08/2021

    The contract was introduced to offer price discovery and risk hedging for the BSBY Index. CME Group plans to introduce OTC clearing of BSBY swaps in Q4.

    ESG / Sustainability

    Singapore, US Agree to Cooperate on Cyber, Climate Risk

    By Editors | 24/08/2021

    The climate partnership focuses on stronger collaboration on sustainable finance, standard setting, climate risk disclosures, and carbon markets.

    Securities / Derivatives

    CSRC to Promote China-US Cooperation on Audit Supervision

    By Editors | 24/08/2021

    The CSRC said it will create conditions to promote China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.

    Market Infrastructure

    ASX November Outage Caused By Hasty Trading System Launch

    By Sanday Chongo Kabange | 23/08/2021

    An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.

    ESG / Sustainability

    Thailand: Regulators Set Out Sustainable Finance Initiatives

    By Editors | 22/08/2021

    The strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment, and sustainable finance products.

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