Enforcement

Greensill Group Auditor Suspended in Australia for Two Years

17/12/2024

Joseph John Santangelo was suspended for failing to carry out Greensill’s group audit in accordance with Australian Auditing Standards.

Enforcement

US SEC Fines Cantor Fitzgerald Over Misleading SPAC Disclosures

16/12/2024

Cantor Fitzgerald failed to disclose that it had already commenced negotiations with merger targets for two SPACs prior to their IPOs.

Market Infrastructure

China Expands Private Pension Scheme to Nationwide Implementation

16/12/2024

More banks are permitted to offer pension services and the eligible products have been expanded to include government bonds and index funds.

Sanctions

US Sanctions Eight Firms for Enabling Human Rights Violations

16/12/2024

Commerce Dept said two Chinese targets enabled human rights violations and four others supplied parts and components to Myanmar’s military.

Sanctions

EU to Issues First Sanctions Targeting Russian Disinformation

16/12/2024

The sanctions are part of a new regime that focuses on disinformation operations and other Russian-sponsored destabilising activities globally.

Capital / Liquidity

HKMA Issues Supplementary Guidance on Revised Credit Risk Framework

16/12/2024

The HKMA said the new supplementary guidance is intended to facilitate “consistent application” of the revised credit risk framework.

Crypto / Digital Assets

Korea Halts Implementation of New Crypto and Securities Tax

16/12/2024

A revision bill was passed to prevent new taxes on gains from crypto, stocks, bonds, and funds from taking effect on 1 January 2025.

Capital / Liquidity

Thailand Launches Debt Relief Measures for Retail and SME Borrowers

16/12/2024

The measures include a pause on interest payments and decreases in principal payments to alleviate the burden on retail and SME borrowers.

Capital / Liquidity

AllianceBernstein to Sue Switzerland Over Credit Suisse AT1 Writedown

16/12/2024

AllianceBernstein will be the first large institutional investor to sue Switzerland over its decision to write down Credit Suisse’s AT1 bonds last year.