United States

Market Infrastructure

IBA Confirms Plans for Cessation of USD LIBOR ICE Swap Rate

By Editors | 17/11/2022

Publication of USD LIBOR ICE Swap Rate “runs” for all tenors will cease immediately after the rates are published on 30 June 2023.

Market Infrastructure

PCAOB Had “Good Access” During Hong Kong Audit Inspection – Report

By Editors | 16/11/2022

The PCAOB reportedly gained all the information it requested during its inspection, but a decision has not yet been made regarding its dispute with Chinese regulators.

ESG / Sustainability

EU Watchdogs Ask for Input on Greenwashing Risks

By ESG Investor | 16/11/2022

The feedback may lead to further supervisory or enforceable action to reduce greenwashing risks; ESAs also call for an extension to the PAI review.

AML / KYC

New US Sanctions Target Network Procuring Tech for Russia

By Editors | 15/11/2022

OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.

Enforcement

US SEC Expands Staff Messaging Probe to Private Equity Firms

By Editors | 15/11/2022

KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.

Capital / Liquidity

India Resists ESMA Requirements on CCP Recognition – Reports

By Manesh Samtani | 14/11/2022

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.

Crypto / Digital Assets

FTX Bankruptcy, Secret Transfers, and Regulatory Probes

By Manesh Samtani | 14/11/2022

FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.

AML / KYC

US Officials Asks Banks Maintain Services for Some Russian Firms

By Editors | 12/11/2022

The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.

Crypto / Digital Assets

NY Fed, MAS to Test CBDC-based Cross-Border Payments

By Editors | 11/11/2022

“Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.