ESG / Sustainability

APLMA, LMA, LSTA Publish New ESG Guidance Documents

06/03/2022

The guidance documents are intended to support the development of green, social, and sustainability-linked loans.

Enforcement

NZ FMA Censures Derivatives Issuer Over Suitability Checks

05/03/2022

CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.

Fintech / Regtech

US SEC Probes Whether NFTs Are Being Used Like Securities

05/03/2022

The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.

Capital / Liquidity

Bank Indonesia Offers Incentives for Inclusive Financing Activities

04/03/2022

Banks that expand priority sector credit and inclusive financing beyond certain thresholds can reduce their statutory reserve requirements.

AML / KYC

UK, UAE Launch New Toolkit Targeting Illegal Wildlife Trade

04/03/2022

Financial institutions worldwide are urged to adopt the toolkit; share it with colleagues, peers and industry partners; and take action to stamp out IWT.

AML / KYC

DOJ Launches New Task Force Targeting Russian Oligarchs

04/03/2022

Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.

AML / KYC

Credit Suisse Attempts to Conceal Records on Russian Clients – Report

04/03/2022

Credit Suisse reportedly asked investors to destroy documents relating to a loan securitisation backed by “jets, yachts, real estate and/or financial assets”.

Enforcement

Korean Broker and Bank Penalised Over Optimus Mis-selling

04/03/2022

NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.

Enforcement

SFC, HKEX Fine HSBC Securities for Regulatory Breaches

04/03/2022

The firm made errors when assigning BCANs to clients. It also oversold China securities due to deficiencies in its order management and algorithmic trading systems.