United States

Big Picture

Cyber Risk, Brexit Among Top Threats for 2019 – Survey

By Manesh Samtani | 11/12/2018

Cybersecurity, geopolitical risks and Brexit were found to be the top three risks with possible systemic consequences for 2019, according to a new survey by DTCC.

AML / KYC

Hong Kong Asked to Bolster Sanctions Enforcement Amid Huawei Dispute

By Manesh Samtani | 11/12/2018

US officials have asked Hong Kong to bolster sanctions enforcement as Huawei’s deputy chairwoman stands accused of violating Iran sanctions through a Hong Kong shell company.

Enforcement

IT Consultant of Singapore Investment Bank Charged with Insider Trading

By Editors | 10/12/2018

The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.

Market Infrastructure

Industry Bodies Seek Clarity on Temporary Recognition of UK CCPs

By Manesh Samtani | 10/12/2018

ISDA, FIA, AFME and ICMA have written to the European Commission asking for greater clarity on proposed temporary equivalence and recognition of UK-based CCPs in a no-deal Brexit.

Market Infrastructure

SEBI Consults on Proposals to Allow Indian Firms to List Overseas

By Editors | 05/12/2018

An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.

Market Infrastructure

FIA Updates CCP Risk Management Framework After Nasdaq Member Default

By Garima Chitkara | 29/11/2018

The industry body has updated its 2015 framework for CCP risk management to include more robust and transparent margining and higher skin in the game.

AML / KYC

Japan’s MUFG in Ongoing AML Probe by New York Regulators

By Manesh Samtani | 23/11/2018

The probe has been ongoing since late 2017, where MUFG is alleged to have intentionally ignored internal controls meant to prevent it doing business with sanctioned entities.

Crypto / Digital Assets

Regulation Asia Awards for Excellence 2018 – Results Announcement

By Editors | 16/11/2018

Regulation Asia held its first ever Awards ceremony on 13 November to recognise technology companies, legal and consulting firms, and exchanges that have helped shape the regulatory landscape in Asia Pacific over the past year.

Market Infrastructure

FSB Issues Progress Report on Interest Rate Benchmark Reform

By Manesh Samtani | 15/11/2018

The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.