June 2020
ASIC Reports on Decisions to Cut Red Tape – October 2019 to March 2020
ASIC has helped the law work better for business by granting over 600 applications for relief between 1 October 2019 and 31 March 2020.
ASIC Sues CBA and Colonial First State for Payment of Banned Conflicted Remuneration
ASIC has commenced civil penalty proceedings in the Federal Court of Australia against Commonwealth Bank of Australia (CBA) and CBA’s subsidiary.
Securities and Exchange Commission and Justice Department’s Antitrust Division Sign Historic Memorandum of Understanding
SEC and the Department of Justice’s Antitrust Division have signed an interagency MOU to foster cooperation and communication between the agencies.
Wall Street to Open Positive on Trade Relief Led by Trump’s Tweets
Wall Street to open positive on trade relief led by US President Donald Trump’s tweets reassuring that a trade deal with China is still in full effect.
SEC Awards Almost $700,000 to Whistleblower
SEC today announced an award of almost $700,000 to a whistleblower whose significant information helped the agency bring a successful enforcement action.
Disciplinary Committee Cancels Liquidator Amanda Young’s Registration
Registration of Amanda Young as a liquidator has been cancelled following a decision by a disciplinary committee that she was not a fit and proper person.
Deutsche Bank to Pay Over $10 Million to Settle Two CFTC Cases
CFTC today announced the settlement of two enforcement matters involving Deutsche Bank to pay over $10 Million to settle two CFTC cases.
SEC Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud
SEC obtained a restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud.
The Securities and Exchange Commission appears like it will need a new head
Jay Clayton, the current head of the SEC, has been nominated to be the US Attorney for the Southern District of New York.
FED: Introductory Comments
the Fed System, including the Cleveland Fed, as they look at how skills on the lower end of the pay scale can transfer to higher-earning jobs.
Ravi Menon: Shanghai and Singapore – financial centre partnership
Panel remarks (via video conference from Singapore) by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at Lujiazui Forum 2020, 18 June 2020.
Fresh Stimulus Talk Lifts Risk, Dollar Drops, COT Shorts Double
Summary: Fresh stimulus talk from the White House lifted risk while the US Dollar reversed its four-day rally against its rivals.
Wall Street to Open Muted On Covid-19 Woes
Geo-Political Developments in Focus, Fresh Escalation of Covid-19 Cases Causes a Major Set Back to the Positive Price Rally in the Global Market.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.