LATEST NEWS

Capital / Liquidity

FDIC to Charge Banks $16bn to Recover SVB, Signature Losses

By Manesh Samtani | 14/05/2023

The FDIC proposes to require lenders with more than $50bn in assets to cover 95% of the losses associated with the SVB and Signature Bank failures.

Enforcement

CFTC Fines HSBC for “Deceptive Trading”, WhatsApp Use

By Editors | 14/05/2023

The CFTC fined three HSBC affiliates a total $75m for manipulative and deceptive trading, spoofing, and supervision and record-keeping failures.

ESG / Sustainability

Philippine SEC Adopts ASEAN SRF Standards

By Sanday Chongo Kabange | 14/05/2023

Rules are established to enable local and ASEAN-member investment companies and CIS operators to offer sustainable and responsible funds locally and across the region.

Securities / Derivatives

Korea Offers Tax Benefits to Investors in High Yield Bond Funds

By Editors | 14/05/2023

The incentive is expected to help boost the demand for mid- and low-credit grade corporate bonds in the market.

AML / KYC

US SEC Fines Philips for Corrupt Practices in China

By Editors | 14/05/2023

Dutch medical supplier engaged in “improper” conduct and bidding practices to sell its medical technology products in China.

MAS Reappoints Ravi Menon as Head for Two More Years

By Editors | 14/05/2023

Menon will serve as Managing Director until 31 May 2025 or his retirement from the Singapore Public Service, whichever is earlier.

Capital / Liquidity

Hong Kong Roundtable: Bankers Explore Evolving Risk Landscape

By Editors | 14/05/2023

Regulation Asia and Wolters Kluwer held a roundtable with Hong Kong bankers to discuss the evolving risk landscape in the city.

AML / KYC

Philippine AMLC Issues New Sanctions Screening Guidance

By Editors | 13/05/2023

An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.

Capital / Liquidity

California Regulator Concludes Reviews into SVB Failure

By Editors | 13/05/2023

In the years leading up to SVB’s failure, DPFI identified deficiencies at the bank, but “did not take adequate steps” to ensure they were resolved quickly.