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Enforcement
US Fed Threatens Supervisory Action for Slow LIBOR Work
By Manesh Samtani | 11/03/2021
Guidance for examiners suggests supervisory actions for firms that are not ready to stop issuing LIBOR-based contracts by end-December.
Market Infrastructure
LIBOR Transition: Derivatives Market Has Clarity: ISDA
By Manesh Samtani | 11/03/2021
The FCA’s recent announcement has provided clarity on the future of all LIBOR settings. But, derivatives market participants still have work to do.
Sanctions
Myanmar Banks Fail to Resume Operations Despite CBM Order
By Ranamita Chakraborty | 11/03/2021
The banking sector is not fully operational due to staff shortages as employees take part in nationwide protests against the military government.
AML / KYC
China to Bolster Legal Defences Against Foreign Sanctions
By Editors | 09/03/2021
China plans to accelerate legislation designed to guard against foreign sanctions, interference and long-arm jurisdiction, a top lawmaker has said.
BSP Advocates Passage of New Consumer Protection Law
By Ranamita Chakraborty | 09/03/2021
The proposed law will allow financial regulators to issue consumer protection rules, conduct market surveillance and examination, and adjudicate complaints.
Enforcement
US SEC Forms Task Force to Pursue ESG-related Misconduct
By Editors | 08/03/2021
The task force’s initial focus will be to identify material gaps or misstatements in issuers’ disclosure of climate risks under existing rules.
AML / KYC
John McAfee Indicted for Crypto-related Fraud, Money Laundering
By Sanday Chongo Kabange | 08/03/2021
McAfee and his associate allegedly used their large Twitter following to promote altcoins and ICOs to investors through a so-called pump-and-dump scheme.
Enforcement
Ripple, Top Execs File Responses to SEC Complaint
By Manesh Samtani | 06/03/2021
At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.
AML / KYC
GFI Offers Recommendations on Advancing FinCEN Reforms
By Editors | 06/03/2021
Global Financial Integrity says money laundered from tax evasion and illicit funds entering the US financial system from overseas are estimated at $1tr.
ESG / Sustainability
China, US to Co-Chair G20 Sustainable Finance Study Group
By Editors | 02/03/2021
The Sustainable Finance Study Group is being re-established after a two-year suspension, with the PBOC and the US Treasury as its co-chairs.
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