Many financial firms may be offering ESG products only because it is lucrative to do so, says SEC commissioner Hester Peirce.
BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.
The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.
Neil Murphy talks to Regulation Asia about how prepared phase 5 and 6 firms are for compliance and how TriOptima is easing the burden through automation.
Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.
Some warrants issued to early SPAC investors may have been recorded as equity instruments when they should have instead been recorded as liabilities.
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
Six measures have been announced, including lower interest rates, credit restructuring benefits and relief for Covid-19 patients.
The QDLP pilot programme will enable foreign fund managers to raise money in Hainan for investments overseas.
The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.
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