Conduct, Culture & Accountability

SFC Fines Asset Manager Over European Rule Breaches

12/10/2022

ARCM failed to implement adequate systems and controls to monitor its short position and ensure it was properly reported and disclosed to the public.

Reporting & Disclosures

ASIC is Investigating Firms for Possible Greenwashing

12/10/2022

The investigations involve super fund trustees, listed companies and one managed fund. Net-zero claims are a key area facing scrutiny.

Cryptocurrency

Coinbase, Blockchain.com Win In-principle Approval in Singapore

12/10/2022

MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.

Reporting & Disclosures

Singapore: SIAS Joins Fight Against Greenwashing

12/10/2022

Chief executive David Gerald said the Securities Investors Association of Singapore working to enhance its guidance for annual reports to combat greenwashing.

Emerging Prudential Risks

IMF Says Global Environment is Fragile, Storm Clouds Brewing

12/10/2022

Up to 29 percent of emerging market banks would breach their capital requirements in a severe global recession.

Trading & Investment

UK Court Allows Legal Actions Against LME to Proceed

12/10/2022

The LME says the decision to allow the Elliott and Jane Street cases to proceed is “entirely procedural” and “in no way a ruling on the merits” of the claims.

AI Risk & Governance

UK Regulators Launch Discussion Paper on AI Regulation

12/10/2022

The paper considers how current legal and regulatory requirements and guidance apply to the use of AI in UK financial services, and the gaps that may need to be addressed.

Structural Regulation

India Invites Bidders to Acquire Government Stake in IDBI Bank

12/10/2022

India announced plans to privatise most state-run companies in 2020. A 60.72 percent stake in IDBI Bank is up for grabs.

Anti-Bribery & Corruption

China to Prosecute Former China Merchants Bank President

12/10/2022

The former president was abruptly removed from his post in April, after spending nearly nine years building CMB into China’s top retail bank.