LATEST NEWS

    Enforcement

    US SEC Fines Goldman Unit For Not Following ESG Policies

    By Editors | 24/11/2022

    Goldman Sachs Asset Management had policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.

    Fintech / Regtech

    IMF Shines Spotlight on Benefits of Instant Payments

    By Sanday Chongo Kabange | 24/11/2022

    The IMF says demand attributes and benefits offered by instant payments may make CBDC less compelling if issued.

    Fintech / Regtech

    Thailand Eases Rules for FX Business Operators

    By Sanday Chongo Kabange | 23/11/2022

    The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.

    Crypto / Digital Assets

    Korea Prosecutors Seize $104m from Terra Co-founder

    By Editors | 23/11/2022

    Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.

    Press Release

    Adenza Recognised for Liquidity Modelling & Stress Testing Solution

    By Editors | 23/11/2022

    Adenza, was awarded best solution in capital/liquidity modelling & stresstesting at Regulation Asia’s 5th annual awards ceremony.

    Press Release

    VPBank, Oracle Recognised for Outstanding AML Programme Implementation

    By Editors | 23/11/2022

    VP Bank and Oracle Financial Services, who were recognises for the implementation of a comprehensive AML programme at VPBank, the first of its kind in Vietnam.

    Enforcement

    PBOC Readying $1bn Fine Against Ant Group – Report

    By Editors | 23/11/2022

    The fine is likely to focus on Ant’s alleged violations relating to a “disorderly expansion of capital” and the corresponding financial risks.

    Big Picture

    ASIFMA Offers Recommendations for Korean Capital Markets

    By Manesh Samtani | 23/11/2022

    ASIFMA offers three recommendations to further strengthen Korea’s capital markets and improve access for global institutional investors.

    Fintech / Regtech

    ASIC Releases API for Reportable Situations Submissions

    By Manesh Samtani | 23/11/2022

    The API provides a machine-to-machine interface solution to submit notifications about reportable situations, removing the need to manually input information into ASIC’s form.

    Korea to Boost Credit Availability for Low-credit Borrowers

    By Sanday Chongo Kabange | 23/11/2022

    The FSC will lower the regulatory burden on lenders so they can expand the supply of credit to lower income and low-credit borrowers.

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