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Capital / Liquidity
Credit Suisse Identifies “Material” Financial Reporting Weaknesses
By Editors | 15/03/2023
The weaknesses related to a “failure to design and maintain an effective risk assessment process to identify and analyse the risk of material misstatements”.

ESG / Sustainability
Philippines to Adopt ASEAN SRFS, Issue Blue Bond Framework
By Editors | 15/03/2023
The SEC will adopt the ASEAN Sustainable and Responsible Fund Standards and separately release a new blue bond framework by Q2.

Crypto / Digital Assets
CFTC Unveils Newly Constituted Tech Advisory Committee
By Editors | 14/03/2023
Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.

Capital / Liquidity
US Fed to Consider Tightening Rules for Midsized Banks
By Editors | 14/03/2023
The Federal Reserve will review capital, liquidity and stress testing requirements it imposes on mid-sized lenders.

Capital / Liquidity
HSBC Acquires Silicon Valley Bank’s UK Unit for £1
By Editors | 14/03/2023
HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.

ESG / Sustainability
Fitch Rating Analyses ESG Fund Regulation Globally
By ESG Investor | 13/03/2023
New Fitch report compares fund-level ESG regulatory developments across North America, Europe and Asia.

Capital / Liquidity
Fed to Provide Liquidity Backstop as Two More Banks Close
By Manesh Samtani | 13/03/2023
US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.

Market Infrastructure
CFTC to Develop Stronger Rules to Address Cyber Risk
By Editors | 12/03/2023
The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.

Sanctions
Citi Warns of Potential for Russia to Weaponise Metal Exports
By Mark Johnston | 10/03/2023
Analysts worry that Russia could retaliate to new US tariffs on imports of Russian aluminium by banning nickel and palladium shipments.

Enforcement
OFAC Cracks Down on Entities Helping Iran Evade Sanctions
By Editors | 10/03/2023
The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.
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