United States

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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”.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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