Capital / Liquidity

Credit Suisse Bankers Sue FINMA Over Lost Bonuses

04/06/2023

Some Credit Suisse bankers had their bonus awards based on AT1 bonds, which were wiped out in the government-orchestrated rescue in March.

AML / KYC

NZ’s Ministry of Justice Releases Amended AML Regulations

01/06/2023

From 1 June 2024, new obligations will be imposed on reporting entities related to virtual asset transfers, deposits, withdrawals, and exchange.

Fintech / Regtech

Australia Seeks Public Views on Policy Response to AI

01/06/2023

The consultation will “help ensure Australia continues to support responsible AI practices to increase community trust and confidence,” the government said.

Press Release

Leading Regtech Firms Announced as Winners at Pitch! Regtech

01/06/2023

Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

Fintech / Regtech

Thai Bourse Launches New Trading System Using Nasdaq Tech

01/06/2023

The new trading system was launched by SET and TFEX along with new data distribution and market surveillance systems, using Nasdaq technology.

ESG / Sustainability

Singapore to Consult Again on Green Taxonomy – Report

01/06/2023

MAS plans to issue a new consultation in the coming weeks to include additional criteria on coal phase-out in the taxonomy.

Fintech / Regtech

MAS to Enhance Generative AI Capabilities via Google Partnership

01/06/2023

The collaboration will enable MAS will develop its own generative AI capabilities and “inspire greater adoption” of the technology in the financial sector.

Sanctions

OFAC Sanctions More Chinese Entities Over Fentanyl Epidemic

01/06/2023

The Chinese embassy in Mexico said the accusations are groundless and that China has been vigorously carrying out international anti-drug law enforcement cooperation

Crypto / Digital Assets

CFTC Issues Advisory on Risks of Clearing Crypto Derivatives

31/05/2023

Commissioner Kristin Johnson said the advisory means a formal rulemaking process on crypto clearing is warranted.