Enforcement

US SEC Blocks Staff Messaging on Mobile Devices

17/04/2024

The SEC is restricting access to SMS, iMessage, and third-party messaging applications on employees’ work mobile phones.

Securities / Derivatives

FSB Consults on Non-bank Margin and Collateral Calls

17/04/2024

FSB recommendations seek to reduce procyclical behaviour of non-bank market participants in response to margin and collateral calls.

Fintech / Regtech

ISDA Extends Digital Regulatory Reporting Initiative

17/04/2024

The initiative is being extended to cover new derivatives reporting rules in the UK, Australia and Singapore.

ESG / Sustainability

BCBS Consults on Ways to Improve Climate Scenario Analysis

17/04/2024

New BCBS paper asks about key challenges and how methodologies, capabilities and scenarios can be further improved.

Fintech / Regtech

FSS Korea Launches New Reporting System for PE Funds

17/04/2024

The new system improves convenience for reporting firms and eases the review process prior to submission, the FSS said.

Enforcement

No Criminal Misconduct Found in EY’s Wirecard Audits

17/04/2024

EY could have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders if criminal misconduct was found.

Securities / Derivatives

CSRC Addresses Concerns Over New Delisting Rules

17/04/2024

Chinese small-cap stocks sold off for two days after the CSRC announced new delisting rules and dividend requirements for listed companies.

Capital / Liquidity

China’s Ability to Support Big Six Banks is ‘Constrained’: Fitch

17/04/2024

The large size of China’s banking sector and the number of D-SIBs constrain the government’s ability to support the sector, Fitch Ratings said.

AML / KYC

GLEIF Announces First European-based vLEI Issuer

17/04/2024

The vLEI is the cryptographically secure digital counterpart of a conventional LEI that can be used to automate business process.