United States

Market Infrastructure

S&P-IHS Deal Wins Regulatory Approval in the US

By Editors | 15/11/2021

To win approval for the $44bn combination, the companies agreed to sell three of IHS Markit’s price reporting agency businesses.

AML / KYC

US Treasury Sanctions Cambodian Officials for Corruption

By Ranamita Chakraborty | 13/11/2021

Businesses in Cambodia are warned to “be mindful of interactions with entities in corrupt business practices, criminal activities and human rights abuses”.

AML / KYC

APG Re-rates Sri Lanka on One FATF Recommendation

By Editors | 11/11/2021

Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.

Big Picture

Fed Warns of Spillover Risk from China Property Markets

By Editors | 09/11/2021

Financial stresses in China could strain global financial markets and affect the US, the Federal Reserve says in its financial stability report.

Enforcement

US Treasury Announces New Ransomware-related Sanctions

By Manesh Samtani | 09/11/2021

The US Treasury Department, OFAC, State Department, DOJ, and FinCEN have taken coordinated action to counter the ransomware threat.

Securities / Derivatives

SEC Approves PCAOB Framework for HFCAA Determinations

By Editors | 07/11/2021

The framework sets out how the PCAOB will determine that it is unable to inspect the foreign audit firm of a US listed company and force a delisting.

Philippines Streamlines Bank Merger Application Processes

By Editors | 07/11/2021

A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.

Fintech / Regtech

US Regulators Call for Powers to Regulate Stablecoins

By Sanday Chongo Kabange | 02/11/2021

US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.

ESG / Sustainability

BSP Directs Banks to Integrate Environmental, Social Risks

By Editors | 31/10/2021

Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.