United States

Securities / Derivatives

US SEC Cautions Against Governance Risks from Dual Class Shares – Report

By Manesh Samtani | 26/09/2018

SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.

Enforcement

CFTC Imposes Fine on Mizuho Bank in Spoofing Case

By Editors | 25/09/2018

A trader placed multiple large orders on CME and CBOT futures contracts from Mizuho’s Singapore office with no intention of executing them.

Securities / Derivatives

KRX Obtains SEC Class Relief on Index, Stock Options

By Editors | 20/09/2018

Korea Exchange members can now directly market options on local indexes and 31 individual stocks to US institutional investors.

Fintech / Regtech

MAS, CFTC Sign Fintech Cooperation Arrangement

By Editors | 17/09/2018

Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.

Market Infrastructure

ISDA Forum: Brexit Negotiations Should Avoid “Brinksmanship”

By Garima Chitkara | 13/09/2018

Regulators at the ISDA conference in Singapore expressed concern about Brexit uncertainty, but were cautiously optimistic that Asia would suffer only minimal impacts in transactions with the EU and UK.

Market Infrastructure

CFTC Will Block Any Effort to Impose EMIR in the US: Giancarlo

By Garima Chitkara | 13/09/2018

Legislative efforts in the EU to bring non-EU clearinghouses under EMIR has elicited sharp responses from the CFTC chairman, who said that only US regulation can apply to US derivatives markets.

Market Infrastructure

DTCC Identifies Post-GFC Opportunities to Enhance Financial Stability

By Manesh Samtani | 13/09/2018

Ten years after Lehman Brothers became insolvent, additional work is needed to fully address financial system vulnerabilities, while at the same time new risks have emerged.

Market Infrastructure

NZX, Nasdaq Agree to Explore Cross Market Access

By Manesh Samtani | 12/09/2018

The exchanges will explore opportunities to promote dual listings, depository receipts, ETFs and broader market development initiatives.

Market Infrastructure

CFTC Swaps Reform to Give Deference to Foreign Regulators

By Manesh Samtani | 12/09/2018

The CFTC’s approach to swaps regulation to date has been an over-expansive assertion of its jurisdiction, said its chairman Christopher Giancarlo in Japan this week.