United States

Fintech / Regtech

DTCC Offers New Tool to Facilitate LIBOR Transition

By Editors | 16/03/2023

Widespread usage of the tool will be “an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.

ESG / Sustainability

New Zealand Considers Climate Reporting Exemptions for Secondary Listed Issuers

By Sanday Chongo Kabange | 15/03/2023

The exemptions seek to reduce compliance costs for foreign exempt issuers that already produce similar reporting in their home jurisdiction.

Enforcement

US OCC Fines Ex-Wells Fargo Exec for Sales Misconduct

By Editors | 15/03/2023

Carrie Tolstedt was not required to admit or deny the OCC allegations, but she faces up to 16 months in prison under a plea agreement with federal prosecutors.

Crypto / Digital Assets

US Prosecutors Probe Possible Terra Manipulation by Trading Firms

By Editors | 15/03/2023

SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.

Crypto / Digital Assets

Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message

By Manesh Samtani | 15/03/2023

Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.

Crypto / Digital Assets

SEC Thailand Consults on Proposal to Ban Crypto Lending

By Editors | 15/03/2023

The ban is being proposed to protect investors from situations where service providers suffer financial problems or their services are discontinued.

Capital / Liquidity

Credit Suisse Identifies “Material” Financial Reporting Weaknesses

By Editors | 15/03/2023

The weaknesses related to a “failure to design and maintain an effective risk assessment process to identify and analyse the risk of material misstatements”.

ESG / Sustainability

Philippines to Adopt ASEAN SRFS, Issue Blue Bond Framework

By Editors | 15/03/2023

The SEC will adopt the ASEAN Sustainable and Responsible Fund Standards and separately release a new blue bond framework by Q2.

Crypto / Digital Assets

CFTC Unveils Newly Constituted Tech Advisory Committee

By Editors | 14/03/2023

Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.