United States

PEPs & Sanctions

LME, CME Barred from Accepting Three Key Russian Metals

By Editors | 12/04/2024

The LME and CME can no longer accept new aluminum, copper, and nickel produced by Russia. Existing stocks are exempt from the ban.

PEPs & Sanctions

US Adds 11 Entities to Entity List, Including 6 Chinese Firms

By Editors | 12/04/2024

One of the entities was “working as a part of a network” with three Russian firms to procure aerospace components for Iran.

AI Risk & Governance

CFTC Subcommittee to Advance Work on AI Regulation

By Manesh Samtani | 12/04/2024

MRAC subcommittee will initially focus on obtaining a better understanding of how CFTC registrants are using AI to conduct regulated activities.

Cryptocurrency

US SEC Warns Crypto Firm Uniswap of Impending Lawsuit

By Editors | 11/04/2024

Uniswap said it received a Wells notice from the SEC focusing on whether the tokens it offers are securities, which the company denies.

Conduct, Culture & Accountability

US PCAOB Penalises KPMG, Deloitte for Exam Cheating

By Nithya Subramanian | 11/04/2024

KPMG Netherlands was fined USD 25 million and Deloitte affiliates in Indonesia and Philippines were fined USD 2 million.

Payments & Settlements

US CHIPS Network Completes Migration to ISO 20022

By Editors | 11/04/2024

The CHIPS network, operated by The Clearing House, has become the first high-value payment system in the US to adopt ISO 20022.

Capital Adequacy

EU May Adjust Bank Capital Rules to Ensure Competitiveness

By Nithya Subramanian | 11/04/2024

The European Commission could adjust bank capital requirements to maintain a level-playing field internationally for EU banks.

Structural Regulation

SFC Issues Guidance on Offering Hong Kong Funds in UAE

By Mark Johnston | 11/04/2024

The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

Structural Regulation

US Treasury Proposes Rules for New Stock Buyback Excise Tax

By Editors | 10/04/2024

Corporations that undertake stock buybacks will have to pay a 1% excise tax on the fair market value of net repurchased shares during a tax year.