United States

    Capital / Liquidity

    US Banks Push Back Against Proposed Higher Capital Requirements

    By Mark Johnston | 14/07/2023

    Higher capital requirements being considered could make it more difficult to provide credit to the economy, banks say.

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    Crypto / Digital Assets

    US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF

    By Mark Johnston | 14/07/2023

    The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.

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    AML / KYC

    SEC Settles Charges Against Merrill Lynch for Failing to File SARs

    By Editors | 13/07/2023

    Merrill Lynch did not file hundreds of mandatory SARs because it erroneously used a $25,000 threshold instead of the required $5,000 threshold.

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    Market Infrastructure

    UK to Reverse MiFID II Research Unbundling Rules

    By Manesh Samtani | 12/07/2023

    The move is aimed at enhancing the appeal of the UK’s financial services sector and foster a more vibrant and competitive research environment.

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    Crypto / Digital Assets

    US Indicts Moroccan for Crypto and NFT Spoofing Scam

    By Mark Johnston | 11/07/2023

    A Moroccan man is accused of stealing cryptocurrency and NFTs by creating a fake OpenSea website.

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    Crypto / Digital Assets

    BIS Study: 24 Central Banks to have CBDCs by 2030

    By Jill Wong | 11/07/2023

    A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.

    Capital / Liquidity

    US Fed Proposes Stricter Capital Rules for Major Banks

    By Manesh Samtani | 11/07/2023

    Michael Barr said the proposed changes would not be fully effective for “some years” because of the rulemaking process and the transition period provided.

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    Securities / Derivatives

    PCAOB Commences New Round of Audit Inspections in Hong Kong

    By Editors | 11/07/2023

    The PCAOB is reviewing audit reports of about a dozen New York-listed Chinese companies – all clients of PwC, EY and Deloitte.

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    AML / KYC

    US Treasury Asks Hong Kong FIs to Help Prevent Export Control Evasion

    By Editors | 11/07/2023

    Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.

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    AML / KYC

    G7 Forms Joint Task Force to Tackle Corruption in Ukraine

    By Editors | 10/07/2023

    The G7 nations will collaborate on sharing information and devise strategic approaches to address Ukraine corruption-related challenges.

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