United States

Market Infrastructure

Australia Completes Financial Benchmark Reform

By Garima Chitkara | 13/06/2018

Reform process completed with the passage of a licensing regime for financial benchmarks as well as new calculation methodology for key interbank rate.

Capital / Liquidity

Volcker Rule – Road to Reform or Ruin?

By Peter Guy | 11/06/2018

Proposed changes by the Trump Administration to the Volcker Rule are already controversial. Linking cause and effect to risk management have only resulted in an excessively complex regulation that is proving difficult to reform in a “too big to fail” industry.

AML / KYC

Cryptocurrency in APAC: Opportunity, Challenge, and Risk

By David Liu | 06/06/2018

Financial institutions are at risk from the inherently opaque nature of cryptocurrency transactions, and require robust compliance programs to mitigating legal, financial, reputational, and regulatory risks.

Securities / Derivatives

Cambodia Establishes Regulatory Framework for Collective Investment

By Manesh Samtani | 24/05/2018

Securities regulator approves directive establishing conditions and procedures to follow for licensing and the legal obligations for collective investment schemes.

Market Infrastructure

CFTC Approves ASX Application for Direct Access to US Customers

By Garima Chitkara | 24/05/2018

ASX can provide direct access to US customers to trade on its platform; CFTC order part of its regulatory deference programme

AML / KYC

S. Korean Banks’ AML Programmes Under US Regulatory Scrutiny

By JP Reimann | 23/05/2018

New York State Department of Financial Services to conduct inspections at South Korean bank branches for compliance with AML regulations.

Big Picture

Talking Crypto Regulation with Ripple’s Sagar Sarbhai

By Manesh Samtani | 22/05/2018

Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.

Capital / Liquidity

US Fed Vice Chairman Suggests Lower Capital Requirements for Foreign Banks

By JP Reimann | 21/05/2018

Vice chairman proposes lowering capital requirements, streamlining resolution rules of failing foreign banks, in acknowledgment of steps taken by other regulators.

Market Infrastructure

NSE Receives CFTC Approval to Sell Futures to US Customers

By Garima Chitkara | 21/05/2018

NSE can sell futures products to US investors without the later having to register separately as a futures merchant; CFTC approval hinges on information exchange on NSE transactions with SEBI.