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Fraud, Scams & Cybercrime
Austal and Australian Parent Settle US Fraud Charges for $24m
By Editors | 28/08/2024
Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

Structural Regulation
Australia Releases Terms for Banking Competition Review
By Editors | 28/08/2024
The review will examine how regulators can enable more proportionate regulation to improve the competitiveness of smaller banks.

AI Risk & Governance
RBI Developing New Unified Platform to Facilitate Lending
By Ajoy K Das | 28/08/2024
The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.

AI Risk & Governance
Hong Kong Launches HKUST Institute for Financial Research
By Ranamita Chakraborty | 28/08/2024
The new research institute aims to address social and economic issues through financial research and technological innovation.

PEPs & Sanctions
Google Sues to Prevent Further Asset Seizures by Russia
By Editors | 28/08/2024
Court documents have revealed that Russia seized more than $100mn from Google’s Russian bank accounts in 2022.

Trading & Investment
HKEX Appoints Capital Markets Veteran to Drive IPO Activity
By Manesh Samtani | 28/08/2024
Former Nomura managing director Johnson Chui will take up a new role at HKEX as Head of Global Issuer Services.

Conduct, Culture & Accountability
SC Malaysia Fines Grant Thornton and Audit Partner
By Nithya Subramanian | 28/08/2024
The Audit Oversight Board found a Grant Thornton audit partner was involved in the audit of a PIE for more than seven years.

Trading & Investment
Alibaba Converts HK Shares to Gain Stock Connect Inclusion
By Editors | 28/08/2024
Inclusion in Stock Connect is expected to provide a boost to Alibaba’s shares as well as the Hong Kong market as a whole.

Trading & Investment
Dalian Exchange Launches Egg, Corn Starch, Live Pig Options
By Editors | 28/08/2024
The DCE, which now lists 16 options and 21 futures varieties, said the new contracts will help enterprises with risk management.

Supervision & Enforcement
CFTC Fines BNY Mellon for Swap Reporting Failures
By Editors | 27/08/2024
The CFTC said BNY failed to properly report transactions, supervise its swap dealer business, and monitor staff communications.
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