Markets & Infrastructure

Reporting & Disclosures

UK FCA Moots New ESG Regulation

By ESG Investor | 14/02/2023

The FCA is seeking feedback on introducing regulatory expectations or guidance on senior management responsibilities for regulated firms’ sustainability-related strategies.

PEPs & Sanctions

UK Adds Russia Sanctions, EU Prepares Next Package

By Manesh Samtani | 14/02/2023

The US will crack down on facilitators and third-country providers helping Russia evade sanctions, whether “wittingly or unwittingly”.

Structural Regulation

CFIUS Confirms ‘Excepted Foreign State’ Status for UK, New Zealand

By Editors | 13/02/2023

UK and New Zealand investors do not have to undergo national security reviews for noncontrolling investments in the US.

Conduct, Culture & Accountability

Trust in Singapore Banks Increases for Second Year Running

By Editors | 13/02/2023

The ABS Culture and Conduct Steering Group will seek to further build trust by strengthening digital banking security and highlighting banking practices that may compromise consumers.

Trading & Investment

Hermès Wins Trademark Infringement Case Involving NFTs

By Mark Johnston | 13/02/2023

A jury ruled that an artist violated Hermès’ copyright and brand image by selling NFTs depicting the company’s Birkin handbags covered in fur.

Payments & Settlements

HSBC Launches Multicurrency Payment Platform for E-Commerce

By Editors | 13/02/2023

The platform allows e-commerce businesses in Hong Kong to receive payments from overseas customers in six currencies within minutes.

PEPs & Sanctions

US Blacklists Six Chinese Entities Over Alleged Spy Balloons

By Editors | 13/02/2023

The economic restrictions will make it more difficult for the five companies and one research institute to obtain US technology exports.

Stablecoins

UPDATED: NYDFS, SEC Scrutinise Paxos Over BUSD Stablecoin

By Editors | 13/02/2023

Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.

Data Privacy

EU Parliamentarians Back Eurozone Digital Wallet Framework

By Sanday Chongo Kabange | 12/02/2023

The EU Digital Identity Wallet, expected to go live in 2024, will make it possible to store personal credentials within a single digital ID.