Conduct, Culture & Accountability

HKMA Streamlines Audio-recording Requirement for Investment Sales

26/12/2024

HKMA circular covers the use of video conferencing and other digital tools to conduct investment transactions of retail banking customers.

Operational Risk

China Issues New Asset Management Guidelines for Insurers

26/12/2024

The guidelines are intended to improve how insurance investments are regulated and improve their resistance to risks.

Capital Adequacy

US Fed Proposes Changes to Bank Stress Testing Framework

26/12/2024

Five US banking lobby groups filed a lawsuit a day later to force the Fed to increase transparency of its stress testing framework.

Structural Regulation

US Launches Probe Into Legacy Chips Made in China

26/12/2024

The probe will examine the impact of Chinese-made legacy chips used in everyday household goods and the defence industry.

Supervision & Enforcement

China Refines Ratings Framework for Consumer Finance Companies

24/12/2024

Two rating dimensions have been added to the framework and the NFRA has optimised the classification levels.

Anti-Money Laundering

US SEC Fines Deutsche Bank Securities for Late SAR Filings

24/12/2024

The SEC said the firm took months or years to conduct or complete investigations prompted by law enforcement or regulatory requests.

PEPs & Sanctions

EU Already Preparing Next Package of Russia Sanctions

24/12/2024

The EU intends to adopt the 16th package in February to mark the third anniversary of Russia’s invasion of Ukraine.

PEPs & Sanctions

Calls Grow for Sanctions Against Syria to be Lifted

24/12/2024

The UN special envoy to Syria, as well as Turkiye and Qatar, have called for international sanctions on Syria to be quickly lifted.

Fraud, Scams & Cybercrime

Australia Reviews Tax Regulator Secrecy Exceptions

24/12/2024

Feedback is sought on allowing the ATO or TPB to share protected tax information for purposes such as fraud prevention.