United States

    Researcher Suggests PBOC Adopt US-Style Quantitative Easing

    By Ranamita Chakraborty | 19/04/2021

    The PBOC should adopt an aggressive monetary policy like that of the US Fed to boost consumption amid concerns about growing debt levels.

    Citigroup to Exit 13 Markets, Including 10 in Asia

    By Editors | 19/04/2021

    The move is part of an ongoing strategic review to allow Citi to direct resources to the businesses where it has the greatest scale and growth potential.

    Securities / Derivatives

    China-Japan ETF Connect Sees Launch of New Funds

    By Ranamita Chakraborty | 19/04/2021

    Daiwa Asset Management has listed two ETFs on the TSE while ICBC Credit Suisse Asset Management has listed one ETF on the SZSE.

    Crypto / Digital Assets

    Gary Gensler Sworn Into Office as New SEC Chair

    By Sanday Chongo Kabange | 18/04/2021

    Gary Gensler was sworn in as the new SEC chairman three days after the US Senate voted to approve his nomination.

    AML / KYC

    US Sanctions Russia Over Election Interference, Cyber Attack

    By Manesh Samtani | 16/04/2021

    US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.

    Market Infrastructure

    LSTA Offers Guidance on Credit Sensitive Rates to Replace LIBOR

    By Manesh Samtani | 15/04/2021

    The advisory provides sample language to facilitate the use of credit sensitive rates in hardwired fallback language in new and amended loan documentation.

    ESG / Sustainability

    US SEC Warns of Misleading Statement Regarding ESG Investing

    By Sanday Chongo Kabange | 14/04/2021

    Many financial firms may be offering ESG products only because it is lucrative to do so, says SEC commissioner Hester Peirce.

    Securities / Derivatives

    US SEC Identifies Accounting Issues with SPAC Listings

    By Sanday Chongo Kabange | 14/04/2021

    Some warrants issued to early SPAC investors may have been recorded as equity instruments when they should have instead been recorded as liabilities.

    AML / KYC

    HSBC Agrees to Share Documents in Meng Extradition Case

    By Editors | 14/04/2021

    A Hong Kong judge has approved an agreement between Huawei and HSBC that includes document sharing by the bank, with some redactions.

    AML / KYC

    Thailand to Require UBO Transparency in Bond Markets

    By Editors | 14/04/2021

    Non-residents who invest in debt securities in Thailand are required to open Segregated Securities Accounts with custodians at the UBO level.

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