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Capital / Liquidity
Fed Extends Restrictions on Bank Dividends, Share Buybacks
By Editors | 01/10/2020
Banks with more than $100bn in total assets are not allowed to initiate new share buyback programmes and dividends are capped based on recent income.
Enforcement
US Authorities Settle JP Morgan Spoofing Charges for $920m
By Editors | 01/10/2020
The settlement will fully resolve investigations carried out by the DOJ, CFTC and SEC into trades made over nearly ten years.
Securities / Derivatives
DTCC Outlines Steps to Fully Dematerialise US Securities Market
By Editors | 01/10/2020
DTCC believes that the industry can achieve full dematerialisation of over 98 percent of all US physical certificates in the next three years.
Enforcement
Two Ex-Deutsche Traders Convicted in Spoofing Case
By Sanday Chongo Kabange | 29/09/2020
The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.
Securities / Derivatives
CSRC Approves Four ETFs Tracking New SSE STAR 50 Index
By Editors | 26/09/2020
China Asset Management, E Fund Management, Huatai-PineBridge Fund Management and ICBC Credit Suisse Asset Management received approval.
Securities / Derivatives
US Launches Three New Exchanges, Including MEMX
By Sanday Chongo Kabange | 24/09/2020
Long-Term Stock Exchange (LTSE) launched on 17 September; Members Exchange (MEMX) on 21 September; MIAX Pearl will launch on 25 September.
Securities / Derivatives
Sri Lanka SEC to Procure New Surveillance System
By Duruthu E Chandrasekera | 24/09/2020
The SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.
Enforcement
China Market Supervisor Issues Fines Against Luckin Coffee
By Editors | 22/09/2020
Luckin was able to falsely inflate revenue, costs and profits last year with the help of 43 third-party companies, which have also been fined.
AML / KYC
Sri Lanka: CSE Enables Digital ID Verification for Account Opening
By Duruthu E Chandrasekera | 22/09/2020
The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
AML / KYC
US Imposes Sanctions on 27 Iranian Entities, Individuals
By Editors | 22/09/2020
Any foreign FI that knowingly facilitates a significant transaction for the designated individuals or entities could be subject to US sanctions.
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