With this approval, the Singapore Exchange can now offer US traders local clearing services for products like iron ore swaps, interest rate swaps and non-deliverable foreign exchange forwards.
ccupy Wall Street is back, and this time their target is high frequency trading. On the second anniversary of the Occupy Wall Street movement, protesters will be gathering in New York City to demand Congress pass the “Robin Hood Tax.”
The CFTC issued a joint statement with foreign regulators today that outlines plans for cross-border rules.
The CFTC is receiving a large volume of critical comments on its proposed rule dealing with the extraterritorial application of Dodd-Frank-mandated swap rules.
Defense counsel for disgruntled former hedge-fund manager and commodities trader Vincent P. McCrudden will argue before a judge that he should be allowed to show evidence of financial conspiracy theories at his trial next week….
The Commodity Futures Trading Commission (CFTC) today announced that it obtained $615,000 in disgorgement and a civil monetary penalty in a federal court consent order against defendant Kuen Cheol Song for engaging in an illegal,…
The Deposit Insurance and Policy Owner’s Protection Schemes Bill (DI-PPF Bill) and the Insurance (Amendment) bill have been moved for their initial reading in the parliament of Singapore. The bill will cover both depositor protection…
One essential requirement of good governance is fiscal responsibility, in particular, not spending beyond your means. More than a balanced budget, given Singapore’s lack of resources, our small and open economy and our vulnerabilities to external events, we need to build up healthy reserves for a rainy day and to safeguard our future.
The Monetary Authority of Singapore is reviewing the regulatory regime for financial intermediaries conducting fund management activities and the exemption regime for financial intermediaries engaged in leveraged foreign exchange trading. A consultation paper has been issued to seek comments from the public on proposed enhancements and changes to the regulatory regime.
Kuen Cheol Song, a Singapore national, is charged with non-competitive trading at his employer’s expense.