LATEST NEWS

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.

ESG / Sustainability

Stewardship Dialogue Must be Ongoing – FCA

By ESG Investor | 13/05/2023

UK regulator seeks evidence of barriers to collaborative engagement, expects consultation responses to feed into review of ‘macro’ stewardship.

Fintech / Regtech

Key Committees in EU Parliament Vote to Adopt “AI Act”

By Editors | 13/05/2023

The rules are aimed at supporting AI innovation while also protecting rights, strengthening oversight, and ensuring mature governance and enforcement.

Crypto / Digital Assets

Jane Street, Jump Crypto to Scale Down US Crypto Business

By Editors | 13/05/2023

Jane Street Group and Jump Crypto are the latest firms to scale down US operations, citing regulatory uncertainty.

Securities / Derivatives

SSE, SZSE Issue Updated Guidelines for Infrastructure REITs

By Mark Johnston | 13/05/2023

The revised guidelines aim to optimise the review process, enhance information disclosures, and promote the infrastructure REITs market.

Securities / Derivatives

FSS Governor Promotes Korea Finance in Southeast Asia Tour

By Mark Johnston | 13/05/2023

FSS chief Lee Bok-hyun met with central bank governors and global investors to showcase the potential of Korea’s financial market.

NYDFS Proposes Guidance on ‘Character and Fitness’ Reviews

By Editors | 13/05/2023

Superintendent Adrienne Harris said character and fitness standards have become a “policy priority” in light of “recent events” in the industry.

EU Backtracks on Financial Advice Inducement Ban – Report

By Editors | 13/05/2023

The new plan is to limit the proposed ban on inducement payments to “execution-only” sales of investment products where no financial advice is delivered.