There is a new trend appearing in the regulation of virtual currencies. Countries such as the United States, Japan, and South Korea are strengthening
Today ASIC has made key announcements for foreign financial service providers (FFSPs) who rely on Australian financial services licence exemptions
The ongoing ramifications of the LIBOR scandal for global banks suggests that resolution of the problems for banks caused by the scandal have a way
Instead, they are likely to find that the draft guidance on the CrossBorder Application of Certain Swaps Provisions of the Commodity Exchange Act provided by the CFTC is unclear, inconsistent and at times contradictory
If you are regulated by the UK FSA, the US SEC, Federal Reserve, OCC or CFTC, the Monetary Authority of Singapore, the HK SFC or the German BaFin and have been granted Australian licensing relief then this month you must lodge a notice with the Australian Securities and Investments Commission to continue providing financial services to wholesale clients in Australia.
The Australian Securities and Investments Commission (ASIC) proposes to increase the cash flow and regulatory capital required by issuers of contracts for difference (CFDs) and other retail over-the counter (OTC) derivatives.