Regulatory RelationsRSS

CFTC thanks UK’s FCA for co-operation on investigation

The UK Financial Conduct Authority (FCA) has been praised by the Commodity Futures Trading Commission (CFTC) for helping it in an investigation related to oil derivatives trades, saying that the move demonstrated the criticality of cross-border co-operation to ensure the integrity of US and foreign markets.

Financial firms call on UK and Switzerland to speed up trade negotiations

UK and Swiss financial firms are calling on their respective governments to forge a ground-breaking deal on financial services to spur more cross-border business between the two jurisdictions.

Three Singapore market operators exempted from CFTC swap requirements

Three Singapore-authorised Recognized Market Operators (RMOs) have been exempted from US swap execution facility (SEF) registration requirements by the Commodity Futures Trading Commission (CFTC). 

IOSCO appoints head of Belgium’s securities regulator as its new chair

Jean-Paul Servais, chair of Belgium's Financial Services and Markets Authority, has been appointed as the new chair of the International Organization of Securities Commissions (IOSCO), replacing Ashley Alder.

SEC reopens consultations following technical glitch

Due to a technical glitch, the Securities and Exchange Commission (SEC) said it had not received comments for some consultations submitted from June 2021 to August 2022.

FCA hiring crypto experts, but UK still lagging behind others on new rules

Some 15 crypto experts are being sought by the UK’s Financial Conduct Authority (FCA) to bolster its fledgling wholesale crypto policy unit – a move largely welcomed by the industry with the regulator facing a backlog of licensing requests.

Hong Kong to spend $3.8bn to attract talent and boost its financial centre

Following years of social restrictions to stem the spread of Covid-19, Hong Kong has launched a HK$30bn ($3.8bn) initiative to boost the city’s attractiveness as a financial and business centre and to stop an exodus of talent.

Rupert Brown

Should regulators be elected?

The past 12 months have seen a number of major political changes in many Western democracies, notably the retirement of Angela Merkel in Germany, the forced “cohabitation” of president Emmanuel Macron with a left-wing coalition in France and, most recently, the replacement of UK prime minister Boris Johnson by Liz Truss.

Singapore skyline

Singapore plots course towards becoming a smart financial centre

Singapore has deployed regulatory and legislative tools, and partnered with the financial services industry on other initiatives, to supercharge its fintech sector. By James King.

GET Truss and Kwarteng

UK’s renewed dash for financial regulatory reforms risks stalling

The accelerated rush to slash red tape on the City of London by new UK prime minister Liz Truss could deliver big benefits to banks, but such is the ambition of the reforms that it risks getting bogged down in complexity. A simpler approach might be more effective.